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RESOLUTION NO. 202303A RESOLUTION APPROVING AN AMENDMENT TO THE FISCAL YEAR 2023 BUDGET OF THE TAMPA SPORTS AUTHORITY FOR THE HILLSBOROUGH COUNTY OWNED TOURNAMENT SPORTS COMPLEX, MEETING THE REQUIREMENTS
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How to fill out stadium budgets

01
Identify all sources of revenue for the stadium including ticket sales, concessions, sponsorships, and merchandising.
02
Determine all expenses including but not limited to player salaries, maintenance costs, utilities, and marketing expenses.
03
Create a detailed budget spreadsheet outlining projected revenue and expenses for the upcoming year.
04
Monitor actual revenue and expenses throughout the year and adjust the budget as needed.
05
Review the budget at the end of the year to analyze financial performance and make improvements for the following year.

Who needs stadium budgets?

01
Sports team owners and management
02
Stadium operations managers
03
Financial analysts and investors interested in sports industry
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Stadium budgets refer to the financial plans outlining the expected revenue and expenditures related to the operation and maintenance of a sports stadium.
Entities that manage or operate sports stadiums, including public authorities and private organizations, are typically required to file stadium budgets.
Filling out stadium budgets involves detailing anticipated sources of income, such as ticket sales and sponsorships, alongside the projected costs for operations, maintenance, and improvements in a specific format mandated by regulatory authorities.
The purpose of stadium budgets is to ensure financial transparency, facilitate planning and management of resources, and comply with regulatory requirements.
Stadium budgets must report information such as revenue estimates, expenditure breakdowns, funding sources, and projected financial performance metrics.
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