Exam 2 Flashcards
(21 cards)
What are we budgeting for
The basic infrastructure expenses associated with running any office
Dues
Governing body
League
G&A expenses
Basic infrastructure expenses associated with running and office
Dues, licensing, membership, professional service, protection
Facility expenses
All expenses that a sports organization generates with regard to the operation and occupation of its playing facility
Routine playing surface maintainence
Negotiated with facility owner in lease
- equipment
- supplies
- special repairs and maintenance
All expenses that a sports org generates with regard to the operation and occupation of its facility
Facility expenses
2 key issues of routine playing surface maintenance
Financial Control Equipment Supplies Special repairs
Categories of health issues
First aid
Ambulance
Medical personal
How to minimize expenses in utilities
Segregate the facility
Have meters
2 types of facility repairs and maintenance
Public
Non public
General fund for light bulbs fixtures doors
Concessions and merch standard percent
C: 30-50
M: 50-70
2 key media expenses
Prep expenses
Interaction expenses
2 types of printing
Internal: paper an copier costs
External: past experience hard code
Biggest facility expense
Rent
A document that defines the legal and financial relationship between a lesseee (org) and a lessor (facility)
Lease
Issues of lease
Default
Term
Renewal options
Cleanup and maintenance
Capital improvements
Damage and destruction
Regular maintenance
Key types of rent
Base rent
No base rent
Revenue splits with facility
Rent suggestions
Know lease document
Constant communication
Identity issues right away
Ongoing relationship
Watch your skis
Be conservative on expenses and revenues if possible
Top priority
Create safe fun environment for fans
