University of Never Land Athletic Department Assignment

University of never Land Athletic Department - Assignment ExampleTo financial experts, it is important to reduce the gap in the midst of the projected computes with the actual budget so that you avoid the financial crisis in the end. This is to avoid the idea of sacking beyond the limit covered by the taxpayers on the m cardinaly spent on athletics by the university (Brit & Turner2010).To maintain a clear budget for the University of Never Land athletic budget at a recommendable level, you need to keep updated records on all the expenditures and the revenues circulation within any fiscal year. It is important for financial managers to sustain on the revenues generated from the sports activities and allocate its use appropriately to avoid more stress on taxpayers money for the university. The section needs to incorporate qualified personnel to aid in expenditure allocation and revenue property to keep the athletics of the university lively (Brit & Turner2010).The budgets for the next five years need to be projected analytically to be in line with economic changes that can come about. The budget needs to be one that will relate expenditure to revenues that will be expected from the athletics. Below is a projected budget for the next five financial years dating 2015 to 2020 for the University of Never Land Athletic Department.By adjacent the estimates and set by the department, you need to spend the monetary resource available in an accountable manner as a financial officer to enable availability of funds for emergency cases. The estimates will give a clear guide to what is expected to be realized in future for athletic activities in the institution. The indwelling auditors need to be open and critical when analyzing the books of account of the department to ensure that the officials involved spend funds in the right manner.