[bra_dropcaps style=’dropcap2′]T[/bra_dropcaps]he 2014 Burning Seed finance report is now available for your reading pleasure — Burner bean counters unite! The report covers all the financial comings and goings of last year’s event and is developed by our money mavens, the Finance Team, with input from all the teams.
Over 100+ hours, every transaction is verified against physical receipts, performance against budget analysed and justified team-by-team so that we understand why our forecasts were inaccurate. All of this is found within the report, along with year-on-year comparisons, assessment of challenges and recommendations for improvement. This report is reviewed and approved by all six members of the REC town council prior to publication.
But wait but wait. There’s more… so much more than meets the eye to our Fabulous Finance Team. Wanna know what it takes to keep the finger on the financial pulse? Read on, McDuff
But who was that masked maven?
Finance works year-round behind the scenes to manage money, pay bills, file external paperwork, report on performance and generally take care of anything that features a dollar sign. Long before the event starts, the finance lead works with individual teams to cost their visions, then massages those components together into a coherent and balanced budget for approval by the Town Council.
Once the starting gun fires, finance is in ongoing communication with various teams about their expenditure, paying bills, putting out fires and re-budgeting around unexpected issues, while monitoring ticket sales (our main income) against forecasts so that everything is in place for the number of participants we will have.
On Paddock, finance manages the cash from ice sales and incidentals, but mostly takes a breather knowing that things are about to get very busy! Post-event, finance works double time to pay all outstanding bills, coordinate with teams to get financial reports and receipts, prepare the finance Afterburn report, and coordinate with the accountant to prepare final accounts and pay taxes.
Meet the faces of finance
For the last couple years, finance has been a solo performance by Jodi Rivet. This year she is joined by a very capable lieutenant and understudy: the lovely and talented Caroline Brosnan.[bra_button text=’2014 Finance AfterBurn report’ url=’http://burningseed.com/wp-content/uploads/2015/04/Afterburn2014_Finance.pdf’ target=’_blank’ size=’large’ style=’rounded’ color=’orange’]