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– Nelson Mandela

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Budget Development and Analysis

Budget Development and Analysis

Q Budget Development and Analysis (excel spreadsheet only, you can add text to excel as needed) Students will build start-up budgets for BOTH: • a Division III Women’s Lacrosse Team, • summer sports camp (1 week), Be sure to include a document to explain: • Philosophy of financial management • System of allocating funds to all teams under your guidance as AD • Equity – Ensuring all teams are funded at similar levels Excel Spreadsheet • Should include all items needed to run the program from start to finish • Research other similar programs to determine a realistic budget • Itemize each cost item (reference sources – where would you buy the items – full details) • Present a comprehensive budgetary plan (expenses, expected revenues (camp)).

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You'll be able to identify and use ideas and solutions that support your financial philosophy once you've defined it explicitly. Your financial philosophy serves as a driving force behind your actions. Our primary idea is that "if you get your money right, you can get your life right." Financial philosophy promotes a long-term view and aids in the organization of your finances so that you can spend, save, invest, and insure appropriately. This means you may make financial decisions that allow you to: Feel secure in the knowledge that you've organized your finances. • Enjoy your current way of life and keep it that way in the future. • Prepare for the predictable as well as the unexpected.