Kellen Beckwith

3 Year Expense / Revenue report

COED 6130: Finance For Sport Coaches
October 28, 2015

Travel
Meals
Meets
Equipement
Swim Suits
Postage
Print
Phone
Recruiting
Florida
Other
Total:

Year 1
$18,650.00
$26,075.00
$4,500.00
$9,500.00
$18,520.00
$1,500.00
$1,200.00
$650.00
$6,500.00
$58,000.00
$2,902.00
$147,997.00

Year 1
Student
funding
Fundraising
Dpt Florida
fund
Department
aid
Total:
Expense
Revenue
Difference:

EXPENSE
Year 2
$15,450.00
$23,000.00
$4,500.00
$10,500.00
$19,500.00
$1,500.00
$1,200.00
$650.00
$6,500.00
$60,000.00
$2,856.00
$145,656.0
0

$154,071.00

Revenue
Year 2

Year 3

Year 3
$19,000.00
$26,500.00
$4,500.00
$7,200.00
$22,000.00
$1,500.00
$1,200.00
$650.00
$6,500.00
$62,000.00
$3,021.00

$46,875.00
$15,000.00

$48,625.00
$34,000.00

$48,375.00
$15,000.00

$13,600.00

$14,200.00

$14,800.00

$74,000.00

$76,989.00

$149,475.00

$75,480.00
$172,305.0
0

$155,164.00

$1,478.00

$26,649.00

$1,093.00

Expenses:
Travel - The first year of the budget includes an away meet that is out in Chicago, a day and a
half trip for the team. This includes two charter busses and hotel for the people that are traveling,

roughly 23 rooms. In year two we will not be having that expense since the trip will be
reciprocated. In year three the cost goes back up to do a similar trip to the University of Virginia,
which would include similar accommodations.
Meals - With the subtraction of the extended away meet in year two, the total number of meals
will be less by a total of 3 for the entire team. This expense will return in year three when we are
back on the road for a long meet, most likely with an additional meal, hence the increase from
year 1 and year 3
Equipment - With the recent signing of our new company contract, we now have to change
warm ups and bags. In year 1 this will include half of the teams warm ups and bags to be able to
be outfitted by our new company. Additionally, this will include new caps, goggles, and other
odds and ends with other company logos in the first year. In year two the price goes up to
accommodate the other half of the teams warm ups and bags in addition to the need for two need
large item power rack strength units that are used daily by the team. The teams old ones are
rusted and breaking down. Finally in the 3rd year, there is no additional cost for warm ups and
only another set of two power racks to replace the old ones in current circulation that are rusting
badly.
Swim Suits - Even with the signing of the new contract and the extreme reduction in price of
overall suits. Each year the pricing of suits continues to go up with new developments in
technology and competition between companies.
Florida - We continue for the last 14 years go to the same place in Naples Florida. Over the past
years, the cost of housing has continued to increase by at least 10-15 dollars a night per room.
The price increase was applied by the same number of rooms we currently use over the coming
years.
Other - each year a 2% buffer for any other needs throughout the year, with all the other needs
through the budget it decreases in year #2 with one less meet (including meals and travel) and
then back up again during year #3
Revenue:
Student Funding - This fund comes from the student contribution for the Florida trip. With the
continued increase in housing and travel, the budget and demand from the team increases. Over
the past years the trip has gone up steadily $10 dollars a year, this was then extrapolated through
the current roster number
Fundraising - year one brings in our regular amount of fundraising from alumni and families
tied to the program. In year #2 it is the head coaches 30th year at the school and we are looking
to start an initiative to help raise $30,000 to commemorate the milestone in addition to some

peoples regular giving. In the 3rd year the giving will most likely drop because of the draw to try
to raise giving for the 30th year initiative.
Department Florida Fund - over the past 3 years of running and budgeting for the trip the
athletic departments contribution has increased by $600 to help accommodate the increase in
transportation.
Department aid Based off our number over the past year, the department fund in collaboration
with our fundraising has been able to leave us with an extra $1,500 at the end of the year. Using
that thought I was able to figure out how much the department regularly aided the team. With the
increase in meet travel and other team needs, the department will help the aid in covering these
needs with a small increase.