• BFA operated for a seven-month period, February to August, every year.
• The City of Sarnia had recently announced major renovation plans for the field, including a new score clock, updated grandstands, and artificial turf, all to be installed by April 2013.
• The BFA charged each player $425 to join the Sarnia Sturgeon football team. Stewart estimated that 35 players would register for the new varsity team. Registration took place every February with all monies collected at the time if registration. The new varsity team would be expected to raise a total of $2500 from fundraising, and these funds would be collected in May prior to the regular football season commencing in may.
• The regular football season consisted 8 games, and half of these games would be played at the teams’ home field.
• During home games, the BFA charged admission of 5$ per person and operated its own concession stand.
• Stewart projected a total of 2000$ in admission revenue for the varsity team over the regular season. Although the schedule was not ye finalized, Sarnia’s home games would likely be split evenly between June and July.
• Concession revenues averaged $500 per game, and food costs typically averaged 45% of sales. Food costs were paid during the month in which they were incurred.
• The BFA typically purchased five more sets of equipment than the number of registered players per team. All equipment was purchased on credit in March and paid for one month later. The equipment was expected to last multiple seasons; therefore, it would be depreciated using the straight-line method, with no salvage value, over a five season useful life.
• Projected annual costs for the new varsity team’s practice field maintenance totaled $1500. This cost would be spread evenly from April to august when the practice field was in use.
• The OFC charged each team a league enrollment fee of $500 per team and an insurance fee for liability of $900 per team. BFA paid both costs in March.
• The city of Sarnia charged the BFA $200 per game for use of the field and the announcement system. The BFA paid this cost in the same month of the rental. The BFA also paid referees to officiate the home games. Referees cost $200 per game and were paid the day of the game(s)
• In 2012 the average bus trip cost was $2300 per game. The BFA paid these busing costs one month following per game
• Total food and water costs for a varsity team were projected to be $1600. 50% of these costs would be incurred and paid for in June and July (split evenly between these two months). The remainder of the food and water costs would be split equally among the other months in the operating period.
• Apparel for a new varsity team was projected to cost $1000 . The BFA would order and pay for the apparel in March.
• The varsity team would begin the operating with no cash. The BFA had been approved for a line of credit with a $15,000 limit. Interest would be charged at an annual rate of 6.5% based on the outstanding balance at the end of each month, and payment would be due 10 days after the end of the month. She planned to use and repay the line of credit as needed on a month to month basis.
• One option was to raise registration fees to $550 per player however, Stewart believed that player registration might decline to 30 players at this higher fee. With a few players, the team's food and water cost would be reduced to1400$. Stewart projected fundraising revenues might also declined to $2100 with fewer players registered.
• Another suggestion was to have our varsity players purchase their own protective equipment, which would save the BFA much of the equipment costs for our City team: the BFA would supply players with the game jerseys, pants, belts, socks and equipment bags only. Stewart believe this option would not have a noticeable effect on registration numbers since players could keep the equipment's and resell it in the future. Stewart wanted to know the amount of funding needed under each of these options, as well as a combination of two options.
• a youth football team could operate with as few as 25 players, but the BFA believed an ideal team should consists of around 40 players.
• A cash calendar was a raffle in which ticket holder's names were drawn each day of the month and cash prizes were awarded to the winning ticket holders.
• One game in late May, four games in June and three games in July.
• Sarnia, Ontario is located approximately a three- hour drive west of the city of Toronto.

Helmet - $200, Shoulder pads -125, Belt – 2, Pants – 50, Thigh/knee pad – 40, Girdle – 25, Game Jersey – 43, Socks – 5, Equipment bag – 20, Total - $510

-Complete the table of "increased registration and buy own equipment" AND evaluation of it (both quantitative and qualitative)

Cash Budget
	February	March	April	May	June	July	August	Total
Inflows:
Registration fees
Fundraising
Admission revenue
Concession revenue
Total inflows