07 May Executive Summary A. State the proposed project that the organization should undertake, and briefly explain the intended outcome. B. Identify the sports organizations most significa
in 2 pages provide the answer to the following along with following the example I provided should help with the format each section should be bolded along with references
. Executive Summary
A. State the proposed project that the organization should undertake, and briefly explain the intended outcome.
B. Identify the sports organization’s most significant revenue generators and significant, regular expenses supported by data from the most recent
balance sheet.
C. Determine the sports organization’s financial health based on what you discovered above, and support your response with information from the
most recent balance sheet.
Topic Green Bay Packers(NFL team) Scenario:
A. Your sport organization wants to build a new stadium downtown, but some constituents would prefer a renovation. The current stadium is not
downtown.
write an executive summary to communicate the financial impact of a proposed project to stakeholders. In the
executive summary, you will introduce your proposed project and its financial impacts to management by analyzing the company’s financial statements and
forecasting the impact on the organization. The executive summary should focus on presenting this information to management, whereas the presentation
should focus on presenting to stakeholders within the larger community.
Milestone One 1
Wichita State University
Susan Hood
SPT 620
Dr. Brent Estes
July 11, 2020
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Milestone One 2
Wichita State University
I. Executive Summary
A. Proposed Project
The organization in this proposal is Wichita State University. WSU is a NCAA Division I
athletic program with eight sports that does not include football. WSU was previously a member
of the Missouri Valley Conference (MVC) and changed to the American Athletic Conference
(AAC) in 2017 (AP, 2017). The intended out come is to pick one of the Power Five conferences
to join. The two realistic conferences for WSU to move to the Power Five would be Big 12 or
Pac-12. The Big 12 would be a more favorable member because they do not have as many
members and the travel expense would appear to be less.
B. Revenue Generators and Expenses.
The most significant revenue was men’s basketball. According to the 2018-2019 EADA
report, men’s basketball brought in over $8 million. The biggest expenses were the total expense
for athletic aid for men and women was over $3.8 million. The biggest expense in the operating
budget was men’s basketball game day expenses at over $1.8 million. The revenue and expenses
balanced out except for the “Not Allocated by Gender/Sport” section, this was the only
section where the revenue was greater (EADA, 2019). This is where the athletic department was
able to show a small profit.
C. Financial Health
In 2018-19 academic year the athletic department at Wichita State University showed a
profit of $79, 625 after all revenues and expenses were calculated (EADA, 2019). The men’s
basketball team brings in the largest amount of revenue but also has an equal amount of expenses
since the university does not have football. “Wichita State has been to six straight NCAA
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Milestone One 3
Tournaments and reached the Final Four in 2013” (AP, 2017). The university has double the size
of their campus in the last four years with anticipation of increased enrollment (WSU, 2020).
The continued growth of the athletic programs and the growth of the university puts WSU in a
healthy financial position.
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Milestone One 4
References
Wichita State University. (2020). About Wichita State. Retrieved from https://www.wichita.edu/about/index.php
AP College Basketball. (2017, April 07). Shockers make move: Wichita State leaving MVC for AAC. Retrieved from https://www.usatoday.com/story/sports/ncaab/2017/04/07/aac- presidents-vote-unanimously-to-admit-wichita-state/100166328/
EADA. (2019). Wichita State University. Retrieved from https://ope.ed.gov/athletics/
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