The following three tables provide an example of developing an overall organisation budget by setting the amount of funds to be spent on each strategy contained within the business plan.
The accuracy and reliability of this method of developing a budget relies on:
Provided some real thought is expended, strategy by strategy, this method of developing a budget is an improvement on basing a budget mostly on historical costing.
|2.1||Conduct two level one coaching courses||$1,000.00|
|2.2||Conduct coach update courses||$ 500.00|
|2.3||Conduct two referee courses||$ 400.00|
|2.4||Send two delegates to Nat. Coaching Conf.||$1,500.00|
|3.1||Painting and repairs to clubhouse||$1,000.00|
|3.2||Improvement to drainage of playing fields||$5,000.00|
|3.3||New gate for car park||$ 500.00|
|3.4||Architect fees for new extension to club||$ 500.00|
|4.1||Employment of Executive Director (F/T) (incl. on costs)||$ 33,000.00|
|4.2||Employment of Administration Officer (P/T)||$ 15,000.00|
|4.3||Office expenses||$ 5,000.00|
|4.4||Committee expenses||$ 500.00|
|4.5||Production of Annual Report||$ 300.00|
|4.6||Audit Fees||$ 750.00|
The following link provides a budget workbook in Microsoft Excel that incorporates the above examples, and also promotion, events, athlete development and a summary sheet.
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