You are the Executive Director of the York Region International Cricket Tournament. After the first year of

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You are the Executive Director of the York Region International Cricket Tournament. After the first year of operation (2018) and first edition of the tournament, you are asked to prepare some financial information for your Board of Directors. Background/CASE INFORMATION: The event is primarily funded by a generous donor with a $1M donation. The donation is to be utilized as such: Operating fund for the first year: $300,000 Short-term investment: $600,000 Cash Reserve Fund (Restricted): $100,000 Other earned, contributed revenues and financial activities for Year 1: For this first edition, the tournament lasted 7 days and offered 3 games per day. The tournament generated a total of 500 tickets sold per game (average); ticket prices were $20 each. Concessions generated average revenues of $14.75 for each ticket buyer on the site at the tournament. Your marketing