Sleaford Christmas Market looks set to register a loss of around £700 - and while criticism has been levelled at the balance sheet councillors have decided to press ahead for next year.
Subject to final payments, the net cost of the popular Christmas Market stands at £718. Income from stalls and other revenue came to £2,411 but costs came to £3,129.
Kevin Martin, the council’s project lead officer, reassured the full council meeting on Wednesday that the cost was well within the £1,050 budget agreed to be spent on this year’s event.
Thanking all staff and volunteers he said that considering organisation only started in July they did very well. “Within that expenditure there will be some purchases of around £300 that will last for future years,” he said.
But Coun David Birks commented: “Financially we are actually subsidising this event and it would appear from that budget line we would expect to be continuing this situation. I would think a successful market would finance itself.”
The council has taken over running the event with help of volunteers. Coun Mark Graves countered: “We must remember that the Sleaford Business Improvement District gave us money, grant funded, to ensure continuity of the Christmas Market and so it has not cost this council a penny.”
Coun Mark Allan added: “It is early days with the Town Council running this event, finding ways of making an income and putting things in place to increase that income for next year.”
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