Question

Prepare a Budget Proposal using a Program Planning Budgeting System (PPBS) approach for a sports organization of your choice. The budget proposal should contain the following elements:

Step 1: Develop a Budget Calendar
Define the budget period (e.g., fiscal year or specific event timeline).
Create a schedule of key dates and deadlines for budget development, review, and approval.
Identify responsible individuals or departments for each budgeting task.
Ensure alignment with the organization's strategic goals and objectives.
A PPBS approach emphasizes the importance of aligning budgeting with program planning and organizational objectives, enabling the sports organization to make informed financial decisions in line with its mission and priorities

Answer 1

A budget proposal for a sports organization using PPBS should start with establishing a budget calendar, aligning with the organization's fiscal year and strategic goals. The proposal requires identifying responsible parties for budget tasks and ensuring the budget supports the organizational mission. It involves clarity in financial planning, addressing budget issues and solutions, and tracking financial goals.

Step-by-step explanation:

To prepare a budget proposal for a sports organization using a PPBS approach, you should start with establishing a budget calendar. The budget calendar should encompass the following elements:

1. Define the budget period, typically aligning with the fiscal year or specific sports event timeline.
2. Create a schedule with key dates and deadlines that cover budget development, review, and approval processes.
3. Identify the individuals or departments within the organization responsible for executing each budgeting task.
4. Ensure that the budget is in alignment with the organization's strategic goals and objectives to support program planning and sound financial decision-making.

Once the budget calendar is set, the sports organization can begin formulating their budget with a strategic focus, ensuring resources are allocated against priority programs and goals. Importantly, this process should also be in congruence with the overarching mission and priorities of the organization. For instance, if it's oriented towards youth development, the majority of funding might be steered towards facilities and programs that support this objective.

The drafting stages will then include articulating the problem the budget seeks to address, positing potential solutions, addressing objections, and providing a sound recommendation. This sequence not only projects clarity but ensures a comprehensive understanding of the financial path forward amidst constraints and opportunities.