ing.docx Download Page 1 of 2 O SMGT 331 - Spring 2023 Fourth Class Assignment - Athletics Budget Case Study Recently, the athletics program at Hampton Roads State University (HRSU), a hypothetical NCAA Division I-AA school in the mid-major Eastern Atlantic Athletic Conference (EAAC), completed its annual budget review. The current fiscal year is about to begin in just a few months. Word is rapidly spreading across campus that the state legislature, facing a budget crisis in this election year, has pulled back a considerable portion of the money originally allocated to all state universities for the upcoming fiscal year. As a result, the university president, not known as a supporter of intercollegiate athletics, has chosen to take back $800,000 of student fee money promised to HRSU Athletics for the upcoming year and re-allocate that money to cover the funds withdrawn by the state legislature. The Microsoft Excel spreadsheet found on Canvas represents the recently approved budget for HRSU Athletics for the 2023-24 fiscal year. As you will see on the budget, $800,000 in student fee revenues was deleted from the budget, leaving HRSU Athletics with a projected budget deficit of $737,500 for the upcoming year. HRSU Athletic Director Bob Jones has historically budgeted somewhat conservatively during his five-year tenure at the school, trying to Q Search 25 a