Case Primer Cash budgets are a series of monthly or quarterly budgets that indicate cash receipts, cash payments, and borrowing requirements to meet financial obligations. The primary purpose of a cash budget is to allow an organization to estimate the need for outside funding at the end of each
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Chad D. McEvoy and Dianna P. Gray
The Little State University Athletic Department faces an immediate budgeting crisis. Due to state budgeting woes, the legislature has reduced its allocation to Little State significantly for the upcoming year. The impact of this reduction included a loss of $800,000 to the athletic department, which represents approximately ten percent of the athletic budget. LSU Athletic Director Beth Duncan must determine how to best make the necessary cuts while preserving a strong department and minimizing the impact on student-athletes.
Jeffrey R. Farr
Edited by Rasmus K. Storm, Klaus Nielsen, and Zsolt Havran. Published in 2022 by Edward Elgar Publishing . $140 hardcover . 221 pp. ISBN: 978 1 80037 598 7 Storm and colleagues edited collection about the implementation of the soft budget constraint (SBC) in professional team sports is the latest
Michael S. Willett, Damon P.S. Andrew, and Mary E. Rudisill
Market pressures and external demands to sustain access, improve cost management and accountability, and increase productivity continue to persist in departments and schools of kinesiology. Confidence in the sustainability of an institution’s business model is eroding. To address these challenges, one possible approach for enhancing institutional performance, accountability, and stability is to revise an institution’s management process or budgeting model. Indicators suggest that many institutions are changing budget models to an incentive-based budgeting (IBB) system (i.e., responsibility-centered management [RCM]). The management strategies reviewed in this article are important for higher education budget administrators that implement, or are considering implementing, an IBB system as a means for assessing outcomes or institutional decision-making.
Sheri J. Brock, Christina Beaudoin, Mark G. Urtel, Lisa L. Hicks, and Jared A. Russell
Responsibility Centered Management budget model. Auburn University’s Physical Activity and Wellness Program (PAWP) is elective, grade-based, and housed within the School of Kinesiology, which offered 265 one- and two-credit hour course sections with an enrollment of 8,515 students in 2019–2020. A full
Michael Alcorn, Gashaw Abeza, and Norm O’Reilly
her grandmother’s support could be the financial bump she needs to make her high-performance rowing goals a reality. She had to look at her different options carefully in order to make an optimal decision and ensure that she could stay within her budget. Thus, Rebecca needed to consider the pros and
Richard B. Kreider and Penny McCullagh
Rhema D. Fuller, Brennan K. Berg, and Michael Hutchinson
Increasingly, sport managers are attempting to use athletics to positively affect their colleges' and universities' prestige. To highlight this contemporary issue, this case study presents an athletic director, Dwight Stanley, who has to give a recommendation on whether his institution should maintain its membership in the NJCAA or pursue membership in another athletic association, namely the NAIA or NCAA DIII.This case study is designed to capture the tension sport managers face as they encounter complex decisions. Accordingly, each membership option is presented with its advantages and disadvantages, as well as its supporters and detractors.Consequently, students will be required to critically assess a variety of factors to determine the institution's most feasible course of action. Given the popularity of careers within intercollegiate athletics, this case study provides an excellent way for students to engage in considering the complexities of such positions.Additionally, though the case study is presented within the context of intercollegiate athletics, the analytical process required to select a course of action is transferable to other segments of the sport industry.
