2024 Equip Exposition Show
FY 2024/2025
2024-BUDGET 12,653,800 (5,142,970)
ACTUAL-April 13,387,240 (5,473,652)
INCOME
DIRECT EXPENSES
7,510,830
7,913,588
NET
(2,234,434) 5,276,396
(2,155,794) 5,757,794
In-House Expenses Distribution to OPEI
Overview: (details attached for show and in-house expenses)
Income: • Indoor Booth space revenue- Exceed Budget by $558,820- sold more of the West Wing. The continues to have a wait list. Likewise, HNA revenue was up by $35,655 and Drayage income from the KEC was up by $52,000. • Sponsorship revenue-$77,500 over budget-Sold additional Sponsorship opportunities or sponsorships at a higher rate in the areas of opening reception, staircase/door/floor clings, APP sponsorship, digital boards at the KEC, and exhibitor spotlight series. Expenses: • Security and temporary staff increased and resulted in $66,845 over budget. This area continues to increase as the show grows. • Registration exceeded budget due to the shutdown and lack of information from the existing registration vendor when they encountered a breach to their system. We were able to expedite the new vendor that was scheduled to start registration for the 2025 show. Due to the transition and we also provided lead retrieval to the exhibitors, which resulted in additional costs of $391,510. • We purchased additional media buys to promote attendance to the show: $53,321. • AV for the tree education and general stage events were more than budget by $59,000. • The majority of the other expense areas, we were over by less than $20,000 and several of the areas had expenses less than budget. The greatest area under budget was with the KEC having expenses less than budget by $83,027. • In House expenses are expected to be within budget, projections are given under actual.
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