Reference no: EM132402883 , Length: word count : 1500
D1FM1 Financial Management for Theatre, Australia
Financial management for budget
Assessment 1
According to the play Love by Patricia Cornelius, choose a theatre in Sydney (preferably a small theatre, but also a little bit famous) for the budget of the whole performance. Then write an essay about why this play is chosen, why this theatre is chosen and how to make the budget!( 1500 words)
Assessment 2: Administration and Production Budget for Theatre
Description
You will be provided with a fictional arts management / production management scenario where they will be asked to create an annual budget for an independent theatre company.
Assessment Criteria
The student will be assessed on:
Description of company structure,
Administration Budget in provided excel workbook and explanatory notes
Categorisation and Articulation of elements of two productions that will affect the budget. These may include venue, cast size and style of production
Production One Budget in provided excel workbook and explanatory notes
Production Two Budget in provided excel workbook and explanatory notes
Assessment 2 Workshop Briefing Document Company Structures:
Remember that, in accordance with the above hypothetical description, you need to choose a structure that will enable you to apply for funding with the Australia Council, Create NSW or City of Sydney/local government and also to accept donations from philanthropists or others wishing to donate money to your company for tax purposes, so think about this carefully...
Admin, Rehearsal and Performance costs
Some of the $10,000 donated to your company might be put towards setting up a permanent 'office space' for the company or it might be put towards the costs of rehearsal and performance venue. This is up to you but think about how you are going to get the most bang for your buck.
If you are able to operate the company from your home office, then you should allow for a percentage of the cost of electricity and internet access from your home usage, as well as other admin costs such as phone, paper, printing and photocopying which you might use in a normal office environment.
Think about your donation as cash in bank ($10,000) and imagine that you might have some other cash in bank from the box office of your previous productions ($5,000) and some other donations through fundraising through crowdfunding ($5,000) and you have managed to secure in-kind funding through local council (rehearsal space, worth $5,000) and one of the local businesses (printing at cost, worth $3,000). This means that you might be starting with $28,000.
How will you spend it? Rehearsal Spaces:
Rehearsal spaces can be costly and most are per hour. However, some can be negotiated on a daily rate but you might have to be flexible with hours.
Instructions
Take a moment to click though all of the tabs so you are familiar with the contents of this workbook
There are four tabs plus these instructions
The Summary sheet - DO NOT TYPE INTO THIS
The Admin and Prod Budget - Any cell with a colour will automatically calculate
The Adverting worksheet can be used to work out you advertising costs. It does not automatically fill int Budget
The Actors & Crew worksheet can be used to work out the cost of your actors. It does not automatically fill in the budget
The Budget Summary Sheet has been set up to print over one page
Attachment:- D1FM1 Assessment Workbook.rar