department of athletics policies & procedures - UNC Wilmington ...

University's annual operating budget. This budget becomes the basis of authority
for the financial operations of each individual department within the University
during the fiscal year, which begins July 1.
Budget Development Procedure
The Associate Athletic Director for Business coordinates budget formulation
activities for the Department of Athletics. The budget is prepared through
participatory budgeting (i.e., a method by which all levels of management
responsible for actual performance are involved). Zero-based budgeting is utilized
for operations and expenditure line items that can be projected in detail.
Otherwise, historical cost center data is adjusted for projected changes in activity
levels.
The Associate Director of Athletics for Business confers with the Head Coaches
of each sport in researching data for the Athletic Budgets. The Associate Athletic
Director for Business is responsible for researching, projecting, and calculating
the annual athletic budgets. When a detailed draft is completed, the Associate
Athletic Director for Business presents it to the Director of Athletics for review
and study. After the approval from the Director of Athletics, budgets are
presented to the UNCW Senior Officers for review and final approval. Individual
sport budgets are prepared upon this approval.
Budget Planning Cycle
The budget planning cycle takes place during the period from March through
June. The budget formulation process is initiated by the Associate Athletic
Director for Business. Each staff member with budgetary responsibilities receives
a budget request package which includes historical budget performance data on
the Budget Work-paper (see Appendix B: 1).
Revenue Estimates
Revenue projections are developed annually and used as the basis for overall
budget preparation.
Generally, Departmental revenues are derived from the following sources:
Event admissions
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