Managing Financial Resources in Sport and Leisure Service Organizations,9781571674548

Managing Financial Resources in Sport and Leisure Service Organizations

by ;
ISBN13: 9781571674548
ISBN10: 1571674543
Format: Paperback
Pub. Date: 1999-08-01
Publisher(s): Sagamore Pub Llc
List Price: $69.93

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Summary

Written with both the United States and Canadian markets in mind, this book provides an excellent economic foundation for today's sport and leisure services managers. Readers will learn the necessary skills to prepare, present, and manage budgets, as well as generate revenues for capital development and daily operations. Become an enterprising custodian of resources by learning to utilize your finances effectively.

Table of Contents

Preface xii
SECTION A---Concepts and Practices of Financial Management 1(44)
Economic Principles
3(24)
Introduction
3(1)
Supply and Demand
4(3)
Estimating Supply and Demand
7(7)
Inflation
14(1)
Interest
14(1)
Future Value
15(2)
Present Value
17(1)
Depreciation
18(3)
Economic Impacts
21(3)
Summary
24(3)
Financial Management in Public, Private Not-for-profit, and Commercial Sport and Leisure Organizations
27(10)
Introduction
27(1)
Public Enterprises
27(3)
Legislative/Legal Parameters
28(1)
Social Roles/Expectations
28(1)
Market Management Techniques
28(1)
Indicators of Success
29(1)
Financial Management Opportunities and Challenges
29(1)
Other
29(1)
Private Non-Profit Enterprises
30(2)
Legislative/Legal Parameters
30(1)
Social Roles/Expectations
31(1)
Market Management Techniques
31(1)
Indicators of Success
31(1)
Financial Management Opportunities and Challenges
31(1)
Other
32(1)
Commercial Enterprises
32(2)
Legislative/Legal Parameters
32(1)
Social Roles/Expectations
32(1)
Market Management Techniques
33(1)
Indicators of Success
33(1)
Financial Management Opportunities and Challenges
33(1)
Competition and Cooperation
34(1)
Summary
35(2)
Organization
37(8)
Introduction
37(1)
Financial Responsibility
38(1)
Financial Functions of the Organization
38(1)
Organizational Structures
39(1)
Director of Finance
39(1)
Controller (also called ``Comptroller'')
39(1)
Treasurer
39(1)
Assessor
39(1)
Purchasing Agent
39(1)
Auditor
40(1)
Organization for Financial Management in the Public Sector
40(2)
Organization for Financial Management in the Private Nonprofit and Commercial Sectors
42(1)
Politics and the Financial Management Organization
42(1)
Summary
43(2)
SECTION B---Revenue Management 45(76)
Income Sources
47(16)
Introduction
47(1)
Types of Income Sources
47(1)
Compulsory Income Sources
48(7)
Types of State and Municipal Taxes
49(1)
Real Property Taxes
49(3)
Other Types of Taxes
52(1)
Other Sources of Compulsory Income
53(1)
Special Assessments, Dedication Ordinances and Regulations
53(1)
Licenses and Permits
54(1)
Federal Government Sources
54(1)
Gratuitous Income
55(1)
Earned Income
56(2)
Investment Income
58(1)
Contractual Receipts
58(1)
Partnerships and Collaborations
59(1)
Revenue Structure Plan
60(2)
Summary
62(1)
Pricing
63(18)
Introduction
63(1)
Purposes of Pricing
63(3)
Pricing to Recover Costs
63(1)
Pricing to Create New Resources (Added Value Pricing)
64(1)
Pricing to Establish Value
64(1)
Pricing to Influence Behavior
64(1)
Pricing to Promote Efficiency
65(1)
Pricing to Promote Equity
66(1)
The Appropriateness and Feasibility of Pricing
66(1)
The Nature of Price
67(2)
Monetary Price
67(1)
Opportunity Price
68(1)
Psychological Price
68(1)
Effort Price
68(1)
Approaches to Establishing Price
69(11)
Calculating Costs for Unit Pricing
70(2)
Subsidization and Unit Pricing
72(2)
Other Considerations in Establishing Price
74(1)
Willingness to Pay/The Going Rate
74(2)
Sensitivity to Changes in Price
76(2)
Adjusting Prices
78(2)
Summary
80(1)
Grantseeking
81(20)
Introduction
81(1)
Why Pursue Grants?
81(1)
The Grantmaking Environment
82(2)
The Grantseeking Process
84(15)
Identifying a Potential Idea
84(1)
Discovery, Selection, and Contact with a Granting Agency
85(1)
Searching for Grantmakers
86(2)
Selecting a Grantmaker
88(1)
Contacting the Grantmaker
88(2)
Securing Grant Guidelines
90(1)
Preparation of the Grant Proposal
90(1)
Cover Letter
91(1)
Executive Summary
91(1)
Statement of Need
92(1)
Project Description
93(2)
Organizational Information
95(1)
Budget
95(1)
Evaluation Process
96(1)
Commitment and Capability
97(1)
Submission of Grant Proposal
97(1)
Grantmaker's Decision
97(1)
Grant Administration
98(1)
Summary
99(2)
Philanthropy and Fundraising
101(20)
Introduction
101(1)
Philanthropy
101(5)
Why Fundraising is Important
102(1)
The Role of Fund Development
103(1)
Why People Give
104(1)
Charitable Organizations
105(1)
Fund Development
106(7)
Fundraising Sources
108(2)
Goal Setting, Relationships, and the Gift Pyramid
110(1)
Goal Setting
111(1)
The Gift Pyramid
112(1)
Fundraising Strategies
113(5)
Annual Campaigns
113(1)
Planned Giving
114(3)
Special Events
117(1)
Support Organizations
117(1)
Summary
118(3)
SECTION C---Expenditure Management 121(64)
Accounting/Reporting
123(12)
Introduction
123(1)
Stock and Flow
124(3)
The Balance Sheet
124(2)
The Income Statement
126(1)
Internal Control
127(3)
Petty Cash
129(1)
Reporting
130(3)
The Budget Statement
130(2)
Project/Event Report
132(1)
Summary
133(2)
Budget Preparation
135(28)
Introduction
135(1)
Budget Processes
135(27)
What is a budget?
135(1)
The Budget Cycle
136(1)
Budget Preparation Cycle
137(3)
Funds
140(3)
Budget Presentation Format
143(1)
Budget Preparation Activities
143(6)
The Relationship of Strategic Planning to Budget Preparation
149(1)
Budget Preparation Philosophies
149(1)
Preparing the Departmental Work plan
150(1)
Estimating Personnel Service Requirements
151(1)
Staffing Issues
152(1)
Determining Salary Costs
153(3)
Contractual Service Requirements
156(1)
Materials, Supplies, and Equipment Costs
157(1)
Reviewing Budget Estimates at the Department Level
158(1)
Preparing a Simple Activity Budget
158(4)
Summary
162(1)
Budget Formats
163(22)
Introduction
163(1)
Budget Formats
163(15)
Object Classification/Line Item Budget
163(6)
Program Budget
169(3)
Performance Budget
172(4)
Running Budget
176(2)
Zero Based Budgeting
178(5)
Advantages and Disadvantages of Zero-Based Budgeting
181(1)
Modified Zero Based Budgeting
182(1)
Budget Presentation
182(1)
Summary
183(2)
SECTION D---Long-Term Financial Planning 185(38)
Business Planning
187(16)
Introduction
187(1)
Format of the Business Plan
188(14)
Title Page
188(1)
Front Matter
189(1)
Executive Summary
189(1)
The Enterprise
190(1)
The Industry
190(1)
Product/Service Offering
191(1)
Market Analysis
192(1)
Market Plan
192(1)
Development Plan
193(1)
Production/Operations Plan
193(1)
Management team
194(1)
Financial Plan
195(1)
Current Financial Statements
195(1)
Financial Projections (for new enterprises)
195(1)
Ratio Analysis
196(5)
Appendices
201(1)
Summary
202(1)
Capital Budgeting
203(20)
Introduction
203(1)
Capital Budgeting in the Public Sector
203(6)
The Capital Budgeting Process
204(5)
Capital Improvement Revenue Sources
209(8)
Bonds
211(3)
Other Capital Improvement Revenue Sources
214(3)
Capital Budgeting in the Commercial Sector
217(3)
Decision Processes
217(3)
Income Sources for Commercial Capital Projects
220(1)
Summary
220(3)
Index 223

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