もうすぐ運動会があります。

もうすぐ運動会があります。

There is an athletic meet soon.

もうすぐ運動会(うんどうかい)があります。

Mōsugu undōkai ga arimasu.

もう直ぐ (もうすぐ)

very soon

運動会 (うんどうかい)

athletic meet; sports day

が (が)

indicates sentence subject (occasionally object); indicates possessive (esp. in literary expressions); but; however; still; and

有る (ある)

to be (usu. of inanimate objects); to exist; to live; to have; to be located; to be equipped with; to happen; to come about

Readings: ウン、はこ.ぶ

Meanings: carry, luck, destiny, fate, lot, transport, progress, advance

Readings: ドウ、うご.く、うご.かす

Meanings: move, motion, change, confusion, shift, shake

Readings: カイ、エ、あ.う、あ.わせる、あつ.まる

Meanings: meeting, meet, party, association, interview, join