Practice despite the dramatic loss of the state

Assignment Help Other Subject

Reference no: EM133395695

Budgeting Philosophy

In the three years since Simpson became athletic director at Tennessee State University, TSU Athletics has adopted a fairly conservative budgeting philosophy. Preparing an athletic department budget presents a challenge pertaining to revenue projection, in so far as revenues are affected by the success of a school's high-profile teams such as football and men's basketball, which can vary considerably from one year to the next.

If an athletic department anticipates having strong seasons in these key sports but fails to match those expectations, revenues from ticket sales and fundraising in particular may suffer greatly, leaving the program the challenge of overcoming a significant budget deficit. Conversely, if an athletic department budgets conservatively and projects revenues based on moderate success in football and men's basketball, but achieves exceptional seasons in those sports, revenues are likely to exceed projections. Simpson and TSU Athletics' philosophy is toward the latter of these two scenarios, projecting its revenues cautiously and taking the more conservative path.

Simpson also attempts to leave a surplus or contingency of approximately $50,000 built into the budget in case teams fail to live up to expectations or the department faces unforeseen expenses. Simpson would like to continue this practice despite the dramatic loss of the state legislature monies, although he realizes that doing so may be a challenge given the deep cuts that need

Reference no: EM133395695

Questions Cloud

Describe three different company relationships you are : describe three different company relationships you are currently in, in which you exhibit spurious loyalty, affective loyalty, and constrained loyalty.

Effect on quality of services from the perspective : Physicians compensation models and effect on quality of services from the perspective of IOM dimensions of quality, (study of private healthcare system

What the repercussions are if an unethical situation were : Describe a previous interaction you have had with a salesperson Whom you considered to be questionable from an ethical perspective. How did your

What human routes of exposure are associated : What human routes of exposure are associated with this contaminant and What acute and/or chronic health effects have been associated with this contaminant

Practice despite the dramatic loss of the state : practice despite the dramatic loss of the state legislature monies, although he realizes that doing so may be a challenge given the deep cuts that need

Why does the coder need to review medical documentation : why does the coder need to review medical documentation prior to coding and why does the medical documentation need to be complete?

What do you think are the attractions of india to ikea : What do you think are the attractions of India to IKEA? Why did the company choose Hyderabad as the location for its first store opening

How did you prioritize your goals and set key figures : What you were trying to achieve including how did you prioritize your goals and set key figures (AP, TP, RP and BATNA) going into the negotiation?

Effects of the violence against women act on law enforcement : You will conduct a 4 slide power point presentation using pictures and articles from online on recent occurrence

User Account

All Pages