MUSIC festival Breath of Life this year made just $519 profit from a $1.4 million investment - the equivalent of four tickets to the one-day March festival, organiser Clint Pease said yesterday.
The event's future in Launceston after 2014 is in doubt after the Launceston City Council decided not to financially support it.
Mr Pease yesterday encouraged businesses to provide testimonials on the economic benefits to organisers Opcon so he may submit them to council in a last pitch for council funding.
Alderman Rob Soward also announced that he would soon bring a motion to the council that called for reconsideration.
Mr Pease said Opcon and the Australian Lung Foundation had invested $1.4 million into last March's event for a $519.20 return.
``The support of sponsors and the council are key to the event's sustainability,'' Alderman Soward said.
``If the event goes, not every bed and every restaurant will be full-on that weekend, taking revenue out of already slim margins.
``The council should be funding the event on the basis of what it brings to Launceston.
``We've committed to the event for 2014 but this is now about committing to the future of the event.''
The council contributed $9900 to Breath of Life this year and $11,250 in 2012.
About $5300 of this year's grant was swallowed up by venue hire, temporary occupancy and place of assembly permits and organisers paid the council $5000 for venue cleaning.
Council acting general manager Rod Sweetnam said the council would not waive or reduce these charges.
``The council adopts its fee and charges annually and has established programs such as community grants and event sponsorship to enable the council to support events in a fair and equitable manner,'' he said.
Breath of Life applied to be a signature event last year, which would have locked them into a three-year funding deal with the council but was rejected.
Other successful events were Junction Arts, which received $105,000, New Year on Royal ($120,000), Festivale ($60,000) and Symphony Under the Stars ($45,000).
Signature events will next be considered for the 2015-16 budget.