You are budgeting for a Little Kickers soccer skills program, consisting solely of three different 8-week soccer skills classes. This means you will have three different groups of kids enrolled (12 per class) in a class. Each group will meet once per week for 8 weeks for a total of 24 sessions across all three classes offered.

Background Information

Structure	Each child signs up for a class that includes 1 session per  week for 8 weeks.
# of Participants	12  per class (36 total)
Class duration	45 minutes
Total class sessions for the program	24 (8 sessions for 3 skills classes)

 Expenses

Personnel
Coach (1 per class) Coaches are only paid during class time. They do not receive fringe benefits	$11.00/hour
Variable Costs
T-shirts and balls	$14.00 per registered child
Operating/Fixed Costs
Facility rental	$155 per month for 3 months (have to pay for all months)
Coaching equipment	$255

 

1. What is the total personnel cost for the program (i.e., cost of all coaches for all classes)?

 

2. If you include a 12% contingency, what would you budget for the total program costs?
 

3. What would be the total revenue needed to achieve a financial goal of earning a 25% operating profit (above costs and contingency)?