Wednesday, July 16, 2008

Financial Accounting of Roosevelt Island July 4 Fireworks Event

A reader of the Roosevelt Island July 4 fireworks post asks for:

a full accounting of the costs of the fireworks production, separating out the cost of VIP food and the lost revenue for providing free admission to the VIP people.
RIOC President Steve Shane provides:
A statement of income and expense from this year's July 4 operation.


Read this document on Scribd: P&L July 4 2008 Festival


One thing I noticed is that all of the revenue comes from ticket sales to the event. Was there no revenue to RIOC from food and beverage sales or concession fees from vendors? I have asked for additional information and will update when received.

Here is similar financial information for 2007 Roosevelt Island Fireworks event.

0 comments :