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with your goals in place its time to move on to your budget you must make sure that your club has the financial resources necessary for your event to be successful even more than that you need to ensure that your event is a good investment for your club in this training we will go over how you can build out your event budget and the types of expenses you should consider as you plan we will also talk about the importance of event cancellation insurance dont forget for complete guidance on this subject refer to the sertoma club event planning guide as i just mentioned its important to make sure that any event you hold is a good investment for your club this centers upon the events returned on investment or roi roi is calculated by taking the value and dividing it by cost most experts consider a 5 to 1 ratio as a good roi thats the bar you want to strive for anything at 10 to 1 is considered exceptional tight fundraising budgets mean that organizations and boards need to properly all