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We realize that there are many who are interested in our present and long-term financial stability, as it is certainly an important ingredient for us to be able to continue to deliver a first-class experience to BolderBOULDER participants. We believe that you should know what we are doing to insure the long-term financial stability of the BolderBOULDER, and about our commitment to do what's right.

As with businesses, municipalities, families, and individuals, the BolderBOULDER works to maintain financial reserves of sufficient strength to provide for the myriad of unexpected events, which inevitably occur. We have determined that the BolderBOULDER should have reserves to bridge over revenue shortfall (which, for example, could be caused by a downturn in the economy) for amounts to cover sponsorship revenue declines plus the amount to fund one year’s professional athlete’s budget.

In addition, because there exists, the possibility of weather conditions so severe the race would have to be postponed, we have determined the additional costs to stage the event one week to several weeks later, and have added that amount to our target. Of course, as the race grows and therefore the cost to stage it increases, the amount of reserves becomes a moving target, which generally increases each year.

Should an economic downturn or any other unforeseen circumstances present themselves, you can be assured the BolderBOULDER has provided accordingly, and will continue to be a viable entity.

Cost To Stage the 2012 BolderBOULDER
The following is a breakdown of the BolderBOULDER expenses by major categories, including some of our unique expenses:

+ CU requires that the BolderBOULDER cover the floor of the stadium to protect the turf - $50,900
+ Scaffolding in the stadium and on the course - $34,500
+ Portable toilets - $18,200
+ Prize money for pro-athletes - $166,700
Transportation, accommodations, and meals for pro athletes - $79,300
Results, Timing, Scoring - $100,300

General Categories of Expenses

 Race shirts/race numbers (including design/printing, transportation, handling, and
 inventory costs)


 Printed materials (forms, banners, event collateral, etc)  $141,600
 Postage (entry form, finish certificates, medals, etc)  $84,400
( 2.9%)
 Marketing and Advertising, PR/Communications, Design Consultation  $342,200
 Logistics, equipment (rental, maintenance, repair) depreciation, course management,
 start-line management, entertainment
 University of Colorado(costs associated with facilities use including stadium floor,
 parking, etc.)
 Law Enforcement, Security, Security Consulting, Emergency Services (City of Boulder
 Police, CU Police, Ambulance)
 Stadium: Audio, Memorial Day Tribute $20,300
 Professional Race (travel, meals, lodging, prize money, recruiting, massage, scoring,
 Food    $34,000
 Charities, Non-profits, Volunteers, Race Official Gear     $93,200

 IT/computer (programming, software development, maintenance, Web development / maintenance, web hosting, on-line 

 Professional (Attorney/CPA/Consultants); Bank Fees, Insurance $171,600
 Facility: Warehouse, Office Administrative, Supplies, seasonal stores, utilities (phone,
 electric, gas, water, trash, etc)  
 Staffing: Full-time (including benefits and retirement), seasonal employees, temp  
 staff, independent contractors, staffing agencies, employment taxes and payroll fees. 
 Taxes (real estate, sales, use, admissions)    $55,000
 Misc:   $3,000