January 12, 2014
Director, Student Recreation Center
Editors note: This article is the first of a 3-part series. Part 1: Human Resource Management, Part 2: Building and Equipment Management, Part 3: Budget Management.
Part 3: Budget Management
It would be challenging to accomplish all the strategies discussed throughout this series of articles without the proper funding. Whether you are dedicating staff to research questions that were asked in this article or replacing a malfunctioning piece of equipment on your fitness floor, those things cost money. In this last major stop on our road map to successful facility management, four aspects of budgeting for a facility will be discussed. There are many different ways to approach the planning and management of a facility budget and there a few important core values of a successful budgeter.
A successful budget manager should be organized and analytical. You must spend time both organizing your budget and thinking about it. Don’t forget that, ultimately, your boss pays you to not only do things, but to think!
Lastly, in the midst of these tough economic times, entrepreneurial thinking can be one of the best qualities a professional can have. Those that specialize in doing more with less and figuring out additional ways to generate revenue from their facility are the ones moving up the ladder. Now that a few core values have been introduced, four areas of facility management budgeting will be discussed.