3.0 Learning Objectives

By the end of STEP 3, the student shall be able to:

• Recognize that the idea of “doing more with less” is common in recreation-related agencies, especially those in the non-profit and public sectors.
• Outline the components of a simple program/event budget
• Differentiate between the different revenue streams and sources available (donations, GIKs, sponsors, membership fees, entrance fees, etc.) for a given recreation agency, organization or business based on the provision of services and the sector under which it falls
• Define the terms Fixed, Variable, Direct, and Indirect costs.