The future of the Dream Festival is unknown after Dubbo City Council, which has contributed $140,000 since the first event in 2011 and outlined $40,000 for funding for this year's festival, had confirmed no funding was allocated beyond this year.

The Dream Festival Committee will submit an acquittal report to the council following this year's event, before council decides whether to allocate more funding.

While Ms Havelka, who is the first Indigenous dancer to be accepted into the Australian Ballet, is yet to perform at the Dream Festival, she was the 2014 Dream artist of the year, and believes the event can shine a light on talented youngsters who would not usually get such a stage to perform on.

"I think it is very sad that it's not got funding (beyond 2015) as it's a great initiative," she said.

"It was a huge honour to come back (to be Dream artist of 2014) and it was a terrific event for me and everyone who has supported me.

"Arts in general is suffering a bit at the moment so the more we can get behind it, the better for the young kids who like to get involved in these activities."

Dream Festival vice-chairman Anne Field is adamant by giving youngsters a platform like the Dream Festival to perform at, it can help propel them into a professional career.

"Most people who perform are still here as students," she said.

"But hopefully it can help them in five to 10 to 20 years down the track.

"It is really good to encourage them from a young age and I'd like to think we can help give any performers career a kick along."