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Taylor Wilson

PRTM 503 (601)

Fall Session

Dr. Bush

NC State University

CHASE High School

Athletic Programs

_________________________________________________________________________

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Table Of Contents

Executive Summary………3 Company Profile………..4 Mission Statement………..4 Goals……….4 Department History……….5 Economic Issues………..6

Revenue and Expenditure Summary………7

Assets and Liabilities Summary……….8

Financial Analysis and Ratios……….9

Future Trends………..10

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Executive Summary

CHASE High School’s athletic program is truly one of a kind and made up of incredibly hard working students, coaches, and community members who come together to give countless opportunities to students who love participating in sports.

Currently, CHASE High School academically supports 805 students throughout the ninth, tenth, eleventh, and twelfth grade. After tryouts, practicing, and academics come into the equation, CHASE High School has between 300 to 400 students a year who participates in one of our fifteen sports programs offered.

Due to being a public organization, we are not considered a non-profit, however CHASE does operate on the basis of making a profit so that we can then turn around and provide more financial support to all of our athletic programs. Our strengths and weaknesses are pretty standard to most high school programs in North Carolina. Our largest strength is our incredible student athletes and our community support, which results in a large turnout to most home games, which results in more financial stability to our programs. Our largest weakness is the rotation of home games in our conference which can affect how many home games we can host. For example, this past year we were in the best rotation and were able to host seven home football games that had beautiful weather, resulting in a large gate box profit, which we are then able to use to help fund next years sports account allotments. However, the year before we were in a terrible rotation and were only able to host three home football games, of which two of them rained, causing our gate box profit to be nonexistent, and causing our sports allotments to drop.

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Company Profile

MISSION / VISION STATEMENT

CHASE High School’s mission and vision statement was designed to support all aspects of the high school student experience.

• Our schools mission is that “we will inspire lifelong learning and citizenship by

enabling our students to read comprehensively, write logically, think critically, and act ethically thus preparing and enabling [students] to be competitive in a global society” (Ingle, 2016, p.1).

• CHASE High School’s vision is similar in that “all students will graduate prepared to

be productive and competitive citizens in a global society” (Ingle, 2016, p.1). It is our hope that through the experiences students obtain while participating in an athletic program, that they will be able to succeed in future endeavors through the

teamwork, hard work, and ethic’s learned in each athletic program.

GOALS

CHASE is the staple of this community and brings the students, parents, and other community members together to support and love where we live. Therefore, our main goal is to create self sustaining athletic programs that drive individuals to

participate in the sporting event and community members to come and support these events. The more money we raise during the year, the more we have to put back into the programs the next year, which takes the financial pressure off of students and parents to pay for their sporting ventures.

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DEPARTMENT HISTORY

CHASE High School is located in Rutherford County, NC, a low-income, high economic poverty, rural community with a population of 66,390 people, which was last recorded by the United States Census Bureau (2015, p.1).

• CHASE High School itself represents the cities of Cliffside, Caroleen, Harris, Henrietta, Avondale, Shiloh, and Ellenboro, which is how this school obtained it’s name.

• In our small community, Rutherford County Public Schools is known to be the largest employer throughout all of Rutherford County, as well as have the largest community impact through education.

• The former CHASE High, known as Henrietta-Caroleen High School opened on September 8th, 1925.

• The 1935 gymnasium addition reflects the incorporation of athletic facilities into school buildings during that period.

• CHASE High School was completed in 1960, further consolidating the county school system.

• CHASE High School now offers sports programs that include: Football, Baseball, Softball, Boys Basketball, Girls Basketball, Boys Soccer, Girls Soccer, Track and Field, Cheerleading, Marching Band, Wrestling, Swimming, Volleyball, and Golf.

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Economic Issues

Rutherford County, of which CHASE High is located, was one of the highest financially hit communities during the previous recession. Once a booming mill town, Rutherford County thrived in textiles and residents had jobs that helped support their families. However, when the recession hit, the mills closed and residents lost their jobs. According to Economic Snapshot: Rutherford County by Tazra Mitchell (2016), “there were 1,744 people looking for work in Rutherford County compared to 780 job openings in December 2015”, which is eight years after the recession.

Therefore, the largest economic issue that CHASE’s athletic programs face is the ability of parents, students, and community members who can financially afford to

spend money during sporting programs. This can include being able to pay the gate fee to get into the game, supporting the team by buying apparel, purchasing concessions, or pay the associated fee to play the game. The money raised during each sporting event directly goes back into the schools general fund to be allocated back to the sporting programs the next year. This is how we fund our programs each year, as the school cannot afford to support these programs on its own with the State allocated budget. Tazra Mitchell (2016) stated, “for a family size of three it costs $20.22 per hour to make ends meet in the county, where the hourly median wage equals 66.3% of what’s needed”, which shows that our residents and community members are having a hard enough time supporting their families without having to worry about how much it costs for their students to participate in one of our sports programs, or how much it costs for family members to come and watch them (p.2). Encouraging parents and community members who can afford to support our programs to contribute financially, so that students who do not have this financial capacity, is our largest economic issue.

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Revenue and Expenditures Summary

CHASE High School’s athletic program has been very stable over the past three years and has generated a profit in this past year. With carefully planning ahead and making sure that we find the best price for busses, tickets, uniforms, etc, we are able to plan adequately for our expenses and meet expected allocations for each sporting program. For the 2013/14 and the 2014/15 school years, CHASE was able to start off each season with $8,308.69 dollars in the athletic general fund that gets dispersed into each sports sub account. However, due to last years high expenses and few home games, CHASE only started off this year with $5,018.23. Fortunately, due to a large amount of home games, CHASE is projected to start off this upcoming year with even more. Due to have most of our large expenditures already out of the way for this year, we are expecting our winter and spring sports to make our final revenues increase significantly, which will hopefully start our 2016/17 school year with over $10,000 dollars. Currently, our major expenditures are game officials, bus expenses, uniforms, security guards, hotel stays, travel fees, and sporting equipment. Our major revenues are gate boxes, individual donations, fund raisers, and concessions.

Expenditures 112,603.91 112,585.67 82,661.90 Revenues 120,912.6 117,603.9 77,443.82 0 32500 65000 97500 130000 2013/14 2014/15 2015/16 Expenditures Revenues

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Assets and Liabilities Summary

As a public high school, our assets and liabilities are not included in our athletic general fund, therefore those figures were not available to me for this project. However, I would assess that our athletic assets would include our stadiums, facilities, and cash. Our liabilities would include our facilities insurance, student insurance, and any

payables that we have. We have not had the opportunity to complete any facility enhancements or construction, so we do not currently owe any money to other

institutions. Below is a chart of the current allotments of general funds to each specific athletic sub fund. This is the starting allotment given and any other funds needed must me raised by the team or provided by the students.

Athletic Allotment 2016/17

Allotment Amounts Deductions

Baseball $1,200.00

Baseball Field $2,300.00 Corbin Turf Inv. $1347.77 Basketball boys/girls $800.00 Football $5,430.00 Bradley’s $138.72 Bradley’s $42.65 Bradley’s $485.50 Bradley’s $1054.06 Bradley’s $227.00 Football Field $2,300.00 Pioneer Athletic $102.80

Colfax $74.19 Colfax $264.63 Golf $500.00 Soccer Boys $500.00 $500.00 Soccer Girls $500.00 Volleyball $250.00 Softball $1,200.00

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Financial Analysis and Ratios

Current Ratios

Treating our revenues as assets and our expenses as liabilities our Current Ratios for the past three years are below.

2013/14

Current Assets / Current Liabilities = Current Ratio 120,912.60 / 112,603.91 = 1.07 times

2014/15

Current Assets / Current Liabilities = Current Ratio 117,603.90 / 112,585.67 = 1.04 times

2015/16

Current Assets / Current Liabilities = Current Ratio 77,443.82 / 82,661.90 = 0.93 times

Profits Margins

Our schools profit margins represent the total income divided by our sales, showing if our sports programs are profitable. The most recent years profit margin ration is presented below. Our sales figures represent our gate fees collected per each sporting event.

2015/16

Net Income / Sales = Profit Margins 77,443.82 / 68,540.00 = $1.13

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Future Trends

Based on data from the past three years, it is evident that our gate boxes are increasing and more community members are turning out to support every game. This could be due to our increase in athlete success. Our football program has produced several successful athletes including Carlos Watkins, a first round draft pick coming from Clemson University who’s won several national championships during his time at this university. CHASE’s baseball team has also produced Tyler White, rookie first

baseman for the Houston Astros, who had the highest batting average in his week debut as an official MLB player. The CHASE boys soccer team also made it to the final round of the state championships and placing second in the entire state of North Carolina this past season. These players are only a few of the successful athletes and individuals who is are Alumni of CHASE, however this encourages community members to hold a higher stake in our school and players to work harder to achieve their dreams.

Another trend that has been shown is an increase in students participating in sports. Due to living in a low income community, we experience a lot of students dropping out, who if their grades were higher, could participate in sports and stay in school. In recent years, we have experienced a lower drop out rate, and more students participating in sports because they have found their passion. Therefore, by having a stronger academic environment that promotes student learning, our sports programs have benefited as well.

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Appendix & References

Bradley, K. (2015-2017). School Improvement Plan. Retrieved December 01, 2016, from https://lamp.rcsnc.org/cgi-bin/webdata_pro.pl?

_cgifunction=form&_layout=sip_visitor&keyval=sites.site_id=1

Ingle, K. (2016). Home - Chase High School. Retrieved December 01, 2016, from http:// chs.rcsnc.org/

Mitchell, T. (2016). Economic Snapshot: Rutherford County. Retrieved December 01, 2016, from http://www.ncjustice.org/sites/default/files/Rutherford%20County, %20BTC%20County%20Quick%20Facts%20Economic%20Snapshots_.pdf Rutherford County North Carolina QuickFacts from the US Census Bureau. (2015).

Retrieved December 01, 2016, from http://www.census.gov/quickfacts/table/ PST045215/37161

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