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Financial Analysis
Here
is the Financial Revenue and Expense
Report for the 2008/2009 school year.
Overview
of Nativity Athletic Committee Revenues and Expenses
The goal
of the Athletic Committee is to provide Nativity parish members the opportunity
to participate in CYO sports. We strive
to maintain as low and affordable cost for each participant as
possible.
The
Nativity Athletic Committee sets fees for all sports. As such, our participant fees are
intended to cover our cost of registration of each team and participant
with the CYO office. We provide
equipment, uniforms and supplies for all participants and coaches. We also, pay entry fees for tournament
participation and other costs to support the program.
We have
two main sources of revenue to fund all sporting activities. Every year, we sponsor a golf outing
during the summer. We also raise
funds through our concessions sales.
All funds are used to buy uniforms, equipment and other supplies.
During the 2008/2009
school year, we at Nativity had over 400
participants for all sports.
That number includes high school as well as grade school
students. This counts all
participants for each sport they played during the year.
The entry
fees collected at the gym, for all sports, go to the parish and not the
Athletic Committee.
The Athletic
Committee’s financial period (Fiscal Year) runs from July to June.
How does
the Athletic Committee determine participant fees?
The CYO assesses
Nativity Athletic Committee a per team charge and a per participant
charge. We receive notice of these
charged amounts in the spring of each year.
Once these are received by the Athletic Committee we meet to
determine the fees needed to cover our charge. The committee estimates how many teams in
each sport Nativity will have for the coming year. We also need to estimate the number of
participants on each team. These
estimates are determined based upon last year’s participating numbers and
discussions with other committee members and coaches.
Based upon the above
items, the Athletic committee then determines the participant cost to cover
the CYO registration fees.
EXAMPLES
of EXPENSES THE ATHLETIC COMMITTEE COVERS EVERY YEAR
DID YOU
KNOW?
A regulation
kickball costs $12.00.
A football helmet
cost approximately $68.00.
The Athletic
Committee maintains the football field during the season and has paid for
re-seeding and fertilizing of the field.
In November 2008, we paid approximately $400 for seed and
fertilizer.
We purchased two
types of volleyballs. The younger
girls use the volleyball lite, while the older girls use the regulation
volleyball. The volleyball lite
costs $29.95 and the regulation volleyball costs $28.95, if purchased in
minimum amounts of 10. Last year we
purchased 10 of each type of volleyball, plus a cart.
Due to practice
conflicts with the boy’s basketball schedule and limitations using
Nativity’s gym, the Athletic Committee rents gym time at the Benedictine
Center in Beech Grove. Last year’s
rental costs were $921.60.
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