Flashcards in Budgeting Deck (10):
Spending-ceiling model (incremental model)
- most desired by SM program directors
- requires justification only for expenditures that exceed those of the previous budget cycle
- department heads are required to reduce their budgets to preserve institutional funds
- requires unit directors to justify every expense without reference to previous spending patterns.
- requires close attention to documentation of actual program needs
- excellent tool for developing priorities in a sports med program
- requires eval of each subfunction and rate it in importance
- appropriate for financially stable environments
- requires ATC to project both expenditures and program income on a month by month basis to determine total program costs and revenues for the fiscal year.
requires that expenditures for any given time period be adjusted according to revenues for the same period
- rev = 50,000 and budget 25,000 but when rev is actually 40,000 you have to reduce expenditures
parent organization provides an ATC with a fixed sum of money and the authority to spend that money any way they see fit
- we like this
- requires the ATC to list anticipated expenditures for specific categories of program sub functions
- expendable supplies, equipment repair, physical services
- parent org. likes this because it gives them more control and money budgeted for one line cannot be given to a different line without permission
- breaks the functions of a sports medicine program into discrete activities and appropriates the funds necessary to accomplish these activities.
- pre practice, pregame, rehab, injury treatment, admin, pt. edu etc.
- expenses for each can be calculated and used to determine the overall budget
a systematic set of procedures undertaken for the purpose of setting priorities and making decisions about program or organizational improvement and allocation of resources