Wednesday, February 25, 2015

Budget Allocation Assignment

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.

Team members:
Ellen Chlumecky
Kia Tyus
Katilyn Turski

1 comment:

  1. Ellen, Kia, and Katilyn,

    I was curious to know where the $10,000 came from (i.e., the former softball player)? I like the idea of a wealthy former softball player being able to make that donation [I believe a zero is missing from the amounts for both donations]. I also wanted to ask about the rationale for having different teams pay different amounts using "pay-to-play." How did you decide the amounts that each would pay? Would it have been possible to eliminate the "pay-to-play" if you had re-allocated the $3,800 that was left? Typically when doing a budget, it is not usual to allocate money without saying what it is for, so I think it might be problematic to just divide the remaining money amongst the different teams.

    There were a few typos but otherwise this is a good report and I was glad that you did not cut any teams.

    Dr. Spencer

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