- A completed Personnel Budget (Table 6-33)
- Follow the instructions on page 353 to calculate the new salary for each position. Ensure the raise that goes into effect in October is factored into the salaries. Since the fiscal year starts on July 1st, the raise itself would not be applied across the entire year, only from October - June.
- Fringe benefits and overtime should be included at the bottom of the table, as indicated in the book. Note that the overtime total is for the entire department, not per individual.
- A completed Operational Budget (Table 6-34)
- Most of this is already provided. You will need to total the expenses so they can be allocated appropriately across the months in your comprehensive budget next week.
- A completed Capital Equipment Budget (Table 6-35)
- The line item stating "Depreciation over five years" should actually only include ONE year of depreciation to show how much it will depreciate each year over the next five years.
- Use the straight line depreciation method and assume a depreciation time of five years.
My suggestion for formatting would be to create an Excel spreadsheet with separate tabs for each requirement. show ALL formulas within Excel
1. Calculate the budget for each month and a total for the year. Line items to be included are identified in each of the three parts of the budget. Any limitations/instructions from administration are also provided. 2. Use the capital expenditure approval form (Figure 6-4) in completing and submitting a capital expenditure request for a new dictation system. Personnel Budget The FY personnel budget is indicated in Table 6-36. Remember that the salary raises will not go into effect until October of the FY. Instructions: Calculate fringe benefits as 25% of monthly salary. A 5% raise will go into effect in October. Limitations: Overtime cannot exceed $4,000.00 for the year. No new employees. Use a spreadsheet to calculate and reflect the monthly personnel budget. Line items total salaries Total salaries and fringe benefits Overtime TABLE 6-34 Operational Budqet CS Scanned with CamScanner CASE STUDIES IN HEALTH INFORMATION MANAGEMENT O.Capital.Equipment Budget Instructions: Complete the HIM department's capital equipment budget for the FY. Note: The only major equipment request is to replace your current dictation system. Administration has distributed budget requests to each department at General Hospital with a memo indicating a due date of one month. Instructions state that the capital budget is "zero-based," requiring justification of any proposed capital expenditures. You have listed some justifications for a new digital dictation system for the upcoming year in Figure 6-3. You need to complete the capital expenditure approval form shown in Figure 6-4 and return it to administration with your budget. As the HIM director, you know that after administration's review of submitted department budgets, only those foreseen as most important will be approved and funded. For this exercise, include the dictation system in your capital budget as if it had been approved. 1. Calculate the budget for each month and a total for the year. Line items to be included are identified in each of the three parts of the budget. Any limitations/instructions from administration are also provided. 2. Use the capital expenditure approval form (Figure 6-4) in completing and submitting a capital expenditure request for a new dictation system. Personnel Budget The FY personnel budget is indicated in Table 6-36. Remember that the salary raises will not go into effect until October of the FY. Instructions: Calculate fringe benefits as 25% of monthly salary. A 5% raise will go into effect in October. Limitations: Overtime cannot exceed $4,000.00 for the year. No new employees. Use a spreadsheet to calculate and reflect the monthly personnel budget. Line items total salaries Total salaries and fringe benefits Overtime TABLE 6-34 Operational Budqet CS Scanned with CamScanner CASE STUDIES IN HEALTH INFORMATION MANAGEMENT O.Capital.Equipment Budget Instructions: Complete the HIM department's capital equipment budget for the FY. Note: The only major equipment request is to replace your current dictation system. Administration has distributed budget requests to each department at General Hospital with a memo indicating a due date of one month. Instructions state that the capital budget is "zero-based," requiring justification of any proposed capital expenditures. You have listed some justifications for a new digital dictation system for the upcoming year in Figure 6-3. You need to complete the capital expenditure approval form shown in Figure 6-4 and return it to administration with your budget. As the HIM director, you know that after administration's review of submitted department budgets, only those foreseen as most important will be approved and funded. For this exercise, include the dictation system in your capital budget as if it had been approved
