Which statements describe budgeting basics for a school sport program?

• A. Revenue sources include grants, student fees, and sponsorships; major expenses include equipment, facility usage, transport, and staffing; plan with contingencies.
• B. Budgeting is informal and has no impact on program planning.
• C. Revenue comes only from gate receipts.
• D. Expenses are fixed and do not change with activity level.

Answer: (A)

Budgeting for a school sport program centers on understanding where money comes from and where it goes to support planned activities. Revenue sources include grants, student fees, and sponsorships, while major expenses cover equipment, facility usage, transport, and staffing, with a plan that includes contingencies for unexpected costs. This approach shows budgeting as a forward-looking tool that guides decisions, ensures resources match goals, and helps cope with changes in participation or costs. In contrast, budgeting as informal with no impact on planning misses how budgets shape schedules, procurement, and overall program viability. Believing revenue comes only from gate receipts ignores the diversity of funding schools rely on, and assuming expenses are fixed overlooks how costs adjust with activity level, travel, and program scale.