Leaders still crunching numbers from Elvis Fest

By Carlie Kollath/NEMS Daily Journal

TUPELO – Tupelo Elvis Festival ticket counts and financial reports won’t be available for at least another three weeks.
Leaders from the Downtown Tupelo Main Street Association, which produces the annual event, told their board Tuesday that they are waiting for bills to come in and tickets to be tallied before they report final figures.
But board president Jim Goodwin assured the board members that the event went well.
“It was a good Elvis Festival,” he said Tuesday. “It was a big operation. As such, you don’t get to tie up the books quickly. … I don’t know if it will be better or the same as last year. My gut is it’s the same.”
The festival in 2010 had a net profit of $78,127.
The previous two years, the profit was $93,000 and $80,000.
The earnings came after an aggressive effort from the organizers to cut costs.
In 2007, the festival lost about $46,000 and Main Street had to wipe out its rainy-day fund.
Debbie Brangenberg, the executive director of the organization, said a packed schedule has led to the accounting delay this year.
In addition to the Elvis Festival, Brangenberg and the Main Street staff in June went to a national meeting in Iowa, the All-America City competition in Kansas City and the Mississippi Main Street annual meeting in Jackson.
Plus, they were working on winning City Council approval of the Main Street master plan, which included permanent three-laning of a section of Main Street.
Brangenberg said her goal is to have the numbers crunched by July 21.
Contact Carlie Kollath at (662) 678-1598 or carlie.kollath@journalinc.com.