Management of financial resources in physical education
Administrators are often judged by the competence with which they carry out their responsibilities in financial matters. Meticulous preparation of the budget, careful control of expenditures, and consistent management of finances so that each financial year ends with a balance instead of a deficit usually reflects favourably on the individual who controls the funds.
It costs money to operate a program. Each addition to the staff, every mile travelled, each piece of equipment purchased, every pad of paper used, and every service requested add to the total amount expended.
Sources of revenue are varied. Allocations from school or college funds, revenues from student activity tickets and fees, receipts from athletic contests, donations from philanthropists, and revenue from guarantees, all produce income. There are many ancillary sources of funds peculiar to each institution. Increases in income make possible improvements in program and expanded offerings.
Progress is seldom possible without increasing expenditures on specific projects or in a given direction. This only possible either by increasing revenue or decreasing certain expenditures.
The dedicated and ambitious administrator who wants to maintain current programs and current levels of operation can be innovative and increase services to students and the community only most of the educational goals will be reached.
