RCC Budget Allocation Process: Worksheet Explanation There are three sections to complete in the Budget Request Form: an essential section, an events section, and a non-essential section. All line items on your budget request will fall within one of these three sections. Essential Practicing Budget: Include in this section all the line items that are absolutely necessary to hold a practice for your club. These line items will most likely include things like essential equipment, equipment storage costs, first aid training, insurance, etc. Given the wide variety of clubs and activities, what is essential to practice will depend on the nature of your club. When listing any item under the essential practice section of the budget worksheet, briefly explain why it is essential to your club’s practicing. Essential Competition Budget: Include in this section all the line items that are absolutely necessary for your club to compete against other clubs or in a league. If your club doesn’t compete, this section should be left blank. These items will likely include things like league membership dues, uniforms, insurance, etc. Again, given the variety of clubs, what is necessary for one club to compete and another will vary. As such, please explain why each item is critical for competition in appropriate field on the worksheet. *Note: Do not include any line items in this section that are associated with competitive events. Include all events costs in the following section. Events Budget: Include in this section all the line items that are associated with any event; be it a competition, conference, recruitment drive, fundraiser, etc. This section is divided up into event fees, advertising/marketing costs, and travel costs. Under the Event Fees section, include the costs associated with attending a particular event. These will most likely include line items like tournament registration fees and/or conference registration fees. The Advertising/Marketing section will include postage, advertisement costs, printing, award costs (if hosting a competition), etc. The Travel section should include the costs of airfare, renting an Enterprise or Motor Pool vehicle, hotel, and/or gas while traveling. Some events will have, for example, airfare, hotel, rental car and gas expenses. In such a case, list each of these items on a separate line on the worksheet but use the same event title for each. Non-essential Budget: Include in this section all other expenses that are not included in the other sections. These items will most likely include things like food, books and/or publications, non- essential equipment, etc. IMPORTANT: Within each section, list each expense in order of importance with the most important items at the top and the least important at the bottom.
Pages to are hidden for
"There are three sections to complete in the Budget"Please download to view full document