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REC 418. Financing for Recreation and Sports Management

Credits: 3
Department: Recreation, Coaching & Sports Management
Description: Financial requirements in Recreation Administration and Sport Management including budgeting, bonds, grants, fundraising, sponsorship, and fiscal accountability.
Prerequisites: REC 233 or REC 301
Semester Offered:
  • Fall
  • Spring
Grading Method: ABCDF

Student Learning Outcomes

1. Discuss of basic accounting principles.
2. Define financial terminology.
3. Analyze fiscal accountability procedures and financial statements.
4. Describe principles of budgeting and advantages and disadvantages of budget types and formats.
5. Develop an organizational operating budget and financial statements.
6. Discuss capital budgeting and capital improvement planning.
7. Describe sources of revenue.
8. Analyze the use of taxes, bonds and levies as revenue streams.
9. Analyze grants, fundraising and sponsorship as revenue streams.
10. Analyze the use of concessions, merchandising and ticket sales as revenue streams.

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