This assignment is due after 20 hours.

Hello, 

I have attached the criteria for assignment and the assignment folder.

Its due on april 4 at 11pm. Its from kinsiology 3713(sports and fitness management)

Group Assignment #3

Budgeting (

10

0 points)

For this Group Assignment, please go to the People tab in Canvas to see your group members. Once you have identified and contacted your group, coordinate with them to complete this assignment. Please be sure to see all pages.

100 Points

5

10

10

10

10

Identify or create a sport or fitness organization for this assignment providing the name and description of the organization (i.e., purpose, mission).		5
What type of budget do you think is best for this organization?	5
Explain your rationale for selecting this type of budget.
Prepare a 2021 – 2022 budget for your organization.	Research and fill in the sections below. Then using that information, complete the budget sheet.
Gathering information					10
Forecast sales
Project profits and losses
Compare to industry norms
Capital needs
Complete the “Budget” column of the budget sheet.	35

–

–

–

–

–

–

–

–

–

–

Other

–

–

–

–

–

–

–

–

–

–

–

–

–

–

–

–

–

–

–

–

–

–

–

–

–

Other

–

–

–

–

–

–

Other

–

–

–

–

–

–

–

–

–

–

–

–

–

–

[Company Name] 2021-2022 Budget

INCOME

Actual

Budget

Difference

Operating Income

Category 1

–

Category 2

Category 3

Category 4

Other

Total Operating Income

–

Non-Operating Income

Interest Income

Rent al Income

Gifts Received

Donations

Total Non-Operating Income

Total INCOME

EXPENSES

Operating Expenses

Accounting and Legal

Advertising

Depreciation

Dues and Subscriptions

Insurance

Interest Expense

Maintenance and Repairs

Office Supplies

Payroll Expenses

Postage

Rent

Research and Development

Salaries and Wages

Taxes and Licenses

Telephone

Travel

Utilities

Web Hosting and Domains

Total Operating Expenses

Non-Recurring Expenses

Furniture, Equipment and Software

Gifts Given

Total Non-Recurring Expenses

Total EXPENSES

Net Income Before Taxes

Income Tax Expense

NET INCOME

4/4/2021

Group Assignment 3

https://twu.instructure.com/courses/2914607/assignments/26420057 1/2

Group Assignment 3

Due Sunday by 11:59pm Points 100 Submitting a file upload
Available Mar 28 at 12am – Apr 4 at 11:59pm 8 days

Group Assignment #3

Start Assignment

Budgeting (100 points)

For Group Assignment 3, please go to the People tab in Canvas to see your group members. Once you
have identified and contacted your group, coordinate with them to complete this assignment
(https://docs.google.com/document/d/e/2PACX-
1vQfpxcLNntIGbnSaClm212qSG6baYkInsBM1i8M8Lwo6XLVFiJ_rh4r7jSo89j_gUvjLPcNMZfAnWRZ/pub) .
Please be sure to see all pages.

Group Assignment #3 x (https://twu.instructure.com/courses/2914607/files/168993701/download?
download_frd=1)

https://docs.google.com/document/d/e/2PACX-1vQfpxcLNntIGbnSaClm212qSG6baYkInsBM1i8M8Lwo6XLVFiJ_rh4r7jSo89j_gUvjLPcNMZfAnWRZ/pub

https://twu.instructure.com/courses/2914607/files/168993701/download?wrap=1

https://twu.instructure.com/courses/2914607/files/168993701/download?download_frd=1

4/4/2021 Group Assignment 3

https://twu.instructure.com/courses/2914607/assignments/26420057 2/2

Total Points: 100

Criteria Ratings Pts

5 pts

5 pts
5 pts

10 pts

10 pts
10 pts
10 pts
10 pts

35 pts

Identify or create a sport or fitness organization 5 pts
Full Marks

0 pts
No Marks

What type of budget 5 pts
Full Marks

0 pts
No Marks

Explain your rationale 5 pts
Full Marks

0 pts
No Marks

Gathering information 10 pts
Full Marks

0 pts
No Marks

Forecast sales 10 pts
Full Marks

0 pts
No Marks

Project profits and losses 10 pts
Full Marks

0 pts
No Marks

Compare to industry norms 10 pts
Full Marks

0 pts
No Marks

Capital needs 10 pts
Full Marks

0 pts
No Marks

Complete the “Budget” column of the budget sheet 35 pts
Full Marks

0 pts
No Marks