GUIDANCE :: Decisions

Overview

You'll need to make some decisions about your event in order to characterize it in accordance with the Mines policy that applies to events within the scope of that policy. The decisions and characterization affect the level of involvement of CPES, the types of services that CPES can or will provide, the management of revenue and expenses, and more.

First Decision: Financial Objective

The first decision and declaration you must make concerns the financial objective of the event. Simply put, is the objective of the event to receive more revenue than will be necessary to pay for all expenses; that is, is the event intended to make a profit? This decision is the most important one you will make, since it affects all CPES support and all requirements placed by Mines on the event.

It is important to note that this decision/declaration has to do only with the intent of the event — not the actual outcome. For example, it could be your intent to make a profit from the conduct of the event; however, circumstances could be such that attendance is below expectations, which results in no profit or even a loss. Conversely, your intention might be to collect only enough revenue to cover expenses, but unexpectedly large revenue streams result in a windfall for the event.

Mines and CPES trust that you will make this decision/declaration in good faith and using the best knowledge available at the time of the decision.