Organisers had applied for $1120 from the Maniototo Community Board and $9800 from the Southern Victorian Charitable Trust to fund the festival, which will be free. Both applications were granted in full.
Rural Art Deco Maniototo Inc chairwoman Diane Paterson said receiving the money was good news, and would allow planning to get under way in earnest for the February event.
''It's definitely good to have surety about funding. We could not go ahead [with plans] without knowing we have that funding.
''We hope to have everything organised in the next month.''
''We want to have everything finalised by Christmas [and] start advertising in January.''
The money would help pay for entertainers, advertising, equipment hire and other costs such as rubbish collection and portable toilets.
The event, to be held on February 21,
would coincide with Otago Central Rail Trail Duathlon competitors completing the first day of racing in Ranfurly.
''We want to hype the finish line up a bit,'' Ms Paterson said.
The Art Deco Festival had run for 14 years, and was combined with the Otago Goldfields Cavalcade this year to create Decocade, attended by about 5000 people.
Holding a ''refreshed'' festival was important for Maniototo because there were ''relatively few'' occasions when the community could come together, Ms Paterson said.