| FINANCIAL CONCEPTS | FINANCIAL STATEMENTS | FINANCIAL ANALYSIS | BUDGETING | NEW FACILITY FINANCING |
|---|---|---|---|---|
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What are expenses?
Payments made by the facility.
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What are assets?
Something of value, like land, naming rights, concession items.
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What is tracking cash?
Checks and balances for cash transactions to be properly recorded and verified to ensure money is not lost.
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What is are capital costs?
Costs associated with long-term investments such as buildings or equipment that may last more than 10 years.
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What are public offerings?
Selling corporate shares to the public in the form of stock.
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What is revenue?
Money obtained by the facility from selling assets.
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What are liabilities?
Debts that are owed to others.
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What is owner's equity?
The value the owner has in the business.
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What is a financial forecast?
Reviewing past financial data to properly forecast revenues and expenses.
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What are strategic (private) investors?
Established companies with similar products that are looking for growth and expansion opportunities.
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What is accounting?
The process of calculating how much money a facility may have.
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What is a balance sheet?
Explains how much a facility is worth in regards to assets and liabilities.
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What is accounts payable?
The liabilities owed to another.
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What is a benefit-cost ratio?
An evaluation technique for capital investments that divides the value of a project by the cost.
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What are general obligation bonds?
Bonds backed by the full faith and credit of the issuing (borrowing) municipality, which promises to repay the bonds with general tax revenue.
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What is budgeting?
Develop a roadmap for the future based on past financial information and projected financial performance.
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What are current assets and liabilities?
Can be redeemed or repayed within a year.
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What is reconciliation?
The financial analysis process of determining the final numbers after an event.
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What is an average rate of return?
Helps determine the rate of return as a percentage so that various projects can be compared with one another.
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What is contractually obligated revenue (income)?
Money guaranteed by a contract that can be used in obtaining a loan.
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What is finance?
The utilization of numbers obtained by accountants to determine the facility's future direction.
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What is an income statement?
Highlights the profit earned from all sales minus the cost of producing the events, taxes, and other expenses over a given period of time.
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What is depreciation?
Decreasing the value of equipment and property over a fixed period of time (allowing a company to reinvest future money to buy new equipment).
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What is variance analysis?
The evaluation process after an event is held to examine the accuracy of a budget.
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What are certificates of participation?
Allow a municipality to form a corporation to purchase land or build a facility.
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