As a group our starting budget was $120,000 for all of the athletic teams. After the donation from an alumnus of $20,000 the budget expanded to $140,000. We then utilized the opportunity to use fundraising for our athletics. Since we were only allowed to choose four teams to put on fundraisers we chose the four largest teams based on number of participants, these included Football, Men’s Track and Field. Women’s Track and Field, and Men’s/Women’s Swimming. After the fundraising took place and $60 per person was raised we added $15,300 more to our budget, and that brought our budget total to $155,300. After figuring out how much money we had to work with our group then looked into the total amount of expenses, specifically focusing on the ‘musts’ of the fifteen different athletic teams. We then broke down all of the sports individually and added up all of their costs that had to be paid. After adding up all fifteen of the athletic team’s costs/expenses they ended up totaling $151,350 in costs/expenses. We instantly subtracted $151,350 from our total budget of $155,300 and had $3,950 left in our budget after paying all of the must costs of all of our athletic teams. Next we analyzed how we should allocate the remaining money from the budget and how would be the best way to do so. Our group looked at all the additional wants from the different athletic teams and realized that none of the additional wants could really be achieved or paid for with our remaining budget, so we decided as a group to allocate the additional funds in what we thought was the most fair way. So we took all the teams that had additional wants, which ended up being thirteen of the fifteen teams, and we divided the remaining dollars in the budget evenly between the thirteen teams. Those thirteen teams ended up each getting $303.84 to go to any additional costs they want to use those extra dollars for. As a group we also mentioned the potential of making students pay to play sports to increase our budget dollars, but we decided not to go down that path so we can offer equal opportunities to all students without personal finances playing a roll in their sport participation. That concludes how our group went about and handled the budget allocation assignment.
Members of this Group include:
Sam
Bowers
Matt
Keeling
Ryan
Ruhland
Matt
Hollo
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ReplyDeleteAs a group, we were given a budget of $120,000, with an additional $20,000 given to us from an alumnus. We then calculated the total costs for all the mandatory funding. This total ended up being $151,350. With that calculation, we subtracted our total budget to give us a remainder of $11,350. After getting this balance, we used our four fundraisers for the 4 largest teams to cover the remaining mandatory costs. Once the mandatory funds were accounted for, we decided to add up all the extra expenses, and figure out an efficient, yet fair way to distribute how these items would be paid for. Our plan consisted of adding up all the athletes to find out what our base number was. This number ended up being 459 athletes. Now knowing this, we decided it would be best to enact a pay to participate fee. This made sense, but we also figured it would be unfair to make everyone pay the same fee. Teams with fewer athletes would end up paying more than larger teams and they wouldn’t reap the benefits for it. Therefore, we decided to take what percentage each team consisted of towards the total of extra expenses. The total ended up being $86,400. For example men’s soccer had 20 athletes. We took 20 divided by 459 to give us 4% of the athletes. We then took that 4% times our total of $86,400 and got $3,456. From that, we took the total number of members from that team (20) and divided it evenly to get a value of $173. Men’s soccer would pay $173 a person to participate compared to football who would pay $188 because they make up a larger percentage of the athletes. After repeating this for every team and rounding the numbers, we ended with a positive balance of $167. Of that $167 dollars, we decided it would be best to divide it up and give a bonus to the maintenance department for all of the upcoming projects they would be starting.
ReplyDeleteDevin Daugherty
Gehrig Dieter
Clay Rolf
Our group started with a budget of $120,000 total. We received a generous donation of 20,000 dollars from a football alumnus. Making it a 140,000 total budget. We have 151,350 in expenses that need to get done. We decided to fundraise for four of our teams. We choose three of our larger teams and one team that had a lot of expenses. Those teams were football, downhill skiing, women’s and men’s track. At 60 dollars a person times 219 would raise 13,140 dollars. Making our total budget 153,140. Next we did a pay to play for every player at 35 dollars a person. At 459 people paying 35 dollars this would add 16,065. Making our total budget 169,205. Subtracting our expenses from our total budget it leaves us a total of 17,855 dollars to spend on other things. We took team ranking into consideration and paid $10,000 for the softball team tournament in Florida. We also paid $500 to the women’s track and field team for discus and shot puts. Next we paid for each team that needed new jerseys, which were men’s soccer, women’s soccer, swimming, hockey, and volleyball. This is a total of $7,400. So with a total of $17,900 expenses with 17,855 in budget left we went over by $45. This concludes our group budget.
ReplyDeleteDalton Collins
Avery Turner
As a group we started out with a budget of $120,000. We had received donations from a former football player of $20,00, and a former softball player of 10,00. This bringing the total to $150,000. We then had fundraising for four teams, Football: $4,500, Men's/Women's Swimming: $3,600, Women's Track and Field: $3,900, and Men's Track and Field: $3,300. Bringing the total budget to $165,300. We then decided to make each team have a pay to play. Every team varies with the amount they had to pay. Teams that had to pay $125 per player were Football and Hockey. Teams that were required to pay $100 per player was just Men's/Women's Skiing. Teams that were required to pay $75 a player were Men's and Women's Basketball, Baseball, Softball, Men's and Women's Swimming, Men's and Women's Track and Field.Teams that were required to pay $50 per player were Men's and Women's Socceer, Volleyball, Field Hockey, and Cheerleading. This bringing the total budget to $203,050. The things we cut out from the wants were the court resurfacing for both Men's and Women's Basketball, New field equipment for Men's Track and Field, and jerseys from both Hockey and Volleyball. Which leaves us with 3,800 to divide up among all sports.
ReplyDeleteTeam members:
Ellen Chlumecky
Kia Tyus
Katilyn Turski
Sam, Matt K., Ryan, and Matt Hollo,
ReplyDeleteYour group did a great job of not only allocating money in your budget, but also of explaining how you made decisions. I wondered if you considered whether the teams that fundraised should receive more funding based upon their efforts. In addition, since the alumnus who donated $20,000 was a former football player, do you think his donation should have gone to the football team?
Excellent job on this assignment!
Dr. Spencer