1. Budgeting
Greg Hungerford

2. Financial Planning Budgeting Definitions
to assist with the setting of the club’s objectives.
Budgeting
to assist with the achievement of the club’s objectives.

3. Planning & Budgeting Process
Identify Goals & Objectives
Re-evaluate Plans & Budgets
Develop Long Term Strategy
Measure Performance
Develop Short Term Strategy
Develop Budgets

4. Achieving Objectives Overall ‘Departmental’ Co-Ordination Motivation
Purposes of Budgets
Achieving Objectives
Overall
‘Departmental’
Co-Ordination
Motivation
Monitoring

5. Research, Time and Knowledge Cost Revision and Attention Allocation
Considerations
Research, Time and Knowledge
Cost
Revision and Attention
Allocation
Cash Flow
Strategic Planning
Accountability
Confidence

6. The Economy The Market Competitors Marketing Effort Capacity
Budget Drivers
The Economy
The Market
Competitors
Marketing Effort
Capacity

7. } Board CEO Senior Managers Organisational Support Staff Suppliers
Stakeholders
Board
CEO
Senior Managers
Staff
Suppliers
Members }
Organisational Support

8. Communicating Roles and Responsibilities Educating and Training
Operational Support
Communicating Roles and Responsibilities
Educating and Training
Access to Data
Budget Inputs
Knowledge Sharing

9. Budget Framework Operating Budgets Sales Production Costs/Units
Inventory
Purchases
Expenses
Capital Expenses
Financial Statement Budgets
Profit and Loss Account
Balance Sheet
Cash Flow

10. Flexible Budgeting Contingency Planning Budgeting Approaches
Range of Sales/Production levels
Fixed/Variable Costs
Contingency Planning
Controllable Factors
Uncontrollable Factors

11. Revenue Centres Cost Centres Profit Centres Investment Centres
Responsibility Accounting
Revenue Centres
Cost Centres
Profit Centres
Investment Centres

12. Used in next budgeting process Visuals Training
Documentation
Circulation to many
Used in next budgeting process
Visuals
Training

13. Key Performance Indicators
Using Budgets
Milestones
Key Performance Indicators
Measurements
Metrics

14. Cycle Actual Data Presentation Formats Budget Variances Monitoring
Reports
Analysis

15. Budget Variance Analysis
Current Variance
Projected Variance
Underlying Driver
Outcome
Cause
Action
Impact

16. Traffic Light Approach
Management By Exception
Traffic Light Approach
Green – Business as Usual
Orange – Minor Variance
Red – Urgent Attention

17. Controlling
Trend Analysis
Contingency Plans
Improvements

18. THANK YOU

19. Club Managers Leadership and Management Program
ACCM (Contextualised)
Diploma of Leadership and Management
Practical & Implementable (Managers Toolkit)
12 Modules
Individual Skills
Team Skills
Organisational Skills
Online & Self-Paced