4.1.10.2 Finances: Budget
Description
This article is from the Table Tennis (Ping Pong) FAQ, by ttennis@bu.edu with numerous contributions by others.
4.1.10.2 Finances: Budget
The budgets of all clubs will vary, primarily due to the extent of the
sponsorship. However, it is important that an annual budget be developed.
The budget can be divided into two sections:
Non-recurring expenses. These might include:
Utility deposits
Renovation costs
Permits (plumbing, electrical, etc.)
Recurring expenses. These might include:
Capital expenses - Tables, nets, barriers, cleaning and refurbishing
supplies
Operating expenses - Maintenance supplies, office supplies, postage,
printing costs, utilities
Estimate the amount of money needed to satisfy each of the club's expenses,
and this will give you an idea of how much income needs to be generated by
your fund-raising activities, dues, and sponsorship.
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