In addition to the hot air balloons there will be a live music from 3 Brothers Band, bouncy obstacle courses and face painters, all free of charge.
Food and drink will also be available to purchase on site.
A rare opportunity to see a hot air balloon from the inside will require a gold coin donation with funds going to Balloons over Waikato charity of choice KidsCan with the help of Sunrise Rotary.
The balloons are likely to start inflating at around 6pm.
Council is encouraging the public to make travel plans early, including parking, walking or cycling to Victoria Square.
Council is providing a free bus service from Te Awamutu to Cambridge. The bus will depart the Te Awamutu i-Site at 5pm and return from the Cambridge i-Site at 8.15pm.
Bus seats are limited and anyone interested must register here.