Budget and Business Plan Project

Operating and Capital Budget

Create an operating budget (minus staffing cost) and a capital budget as well as a responsibility report for your area of responsibility (healthcare administration). Refer to templates provided.

• Recommended 6 to 8 pages excluding title page and abstract page. Format this assignment in MS Word for the narrative and include appropriate tables for numerical data. You can also use excel sheet for your numerical data.
• Required Pages: Title page, Abstract page, Body, Conclusion, Reference page
• Minimum of three academic and/or professional references required. If using web resources, ONLY USE SUBSTANTIATED PROFESSIONAL, STATE or FEDERAL WEBSITES.
• APA format required.

Written projects must:

1. Be typed, double-spaced, in 12-point Times New Roman or Arial font, with margins no wider than one inch
2. Have a title page with your name, the course name, the date, and the instructors name.
3. Have an abstract page, body, conclusion
4. Have references, with correct citations
5. Have a bibliography of sources used. You may not cite Wikipedia as a research source.
6. Be prepared using word processing software (Microsoft Word preferred). Projects may not be submitted in pdf or other format

Resources

• Baker, J.J., & Baker, R.W. (2018). Health Care Finance: Basic Tools for Nonfinancial Managers (4^th Ed.). Sudbury, MA: Jones and Bartlett. (Chapters 14, 15, 16, 24)
• Bland, R. L., & Nunn, S. (1992). The Impact of Capital Spending on Municipal Operating Budgets. Public Budgeting & Finance, 12(2), 32-47.
• Castro, A. S. F. (2002). Capital budgeting in health organizations: Application of the multicriteria method promethee V 1. Fuzzy Economic Review, 7(2), 93-107.
• Curtis, C. V. (2005). Should all companies report on their corporate responsibility? Strategic Finance, 87(5), 17-18.
• Donnelly, G. (2005). A budget model to determine the financial health of nursing education programs in academic institutions. Nursing Leadership Forum, 9(4), 143-7.
• Hebble, A., & Ramaswamy, V. (2007). Using the annual report to convey corporate social responsibility. Allied Academies International Conference. Academy of Accounting and Financial Studies. Proceedings, 12(1), 35-37.
• Porter, J., & Stephenson, T. (2011). Part 1 of 3: Turning budgets into business. Strategic Finance, 93(1), 34-42, 1.
• Vatavuk, W. M. (2005). How to estimate operating costs. Chemical Engineering, 112(7), 33-37.

B E F G 1 K L D Current Actuat Current Budget 2 Revenue 3 Reserve type 4 Revenue Type 5 Other Revenue Current % YTD YTD YID Variance Variance Actual Budget Variance Variance 10000 20.00% 1560000 1320000 240000 18.18% 5000 33.33% 240000 180000 60000 33.33% 3000 43% 120000 84000 36000 42.85% 132000 28000 21.21% 1920000 1584000 336000 21.21% 4800 18000 24000 216000 96000 2524 120060 2000 3000 24000 24000 36000 144600 30000 36000 7 Totals 160000 5 9 Beenses 2400 11 Type 91 Employees 20000 12 Type 22 Employees 13 pe Employees 14 Wype Employees 3000 15 Supplies 16 Office Supplies 250 17 Bm Furnishings 750 18 Computer Software 1250 19 Outside Printing 350 20 Purchased services 1250 21 Minor Equipment 750 22 Repairs 350 23 Subscriptions 75 24 Seminars 1750 Resp Report Form Project 3 1200 2400 1200 12000 300 100 1000 600 25% 2596 2526 50% 2556 25% 16.66% 50% 16.66% 150 250 50 250 150 50 25 250 1500 15000 600 4000 20% 11.11%8 25% 25% 20% 33,33% 25% 25% 25% 5096 33.33% 25% 16.66%% 5096 16.665 3000 200 1000 3000 600 750 350 900 300 50 1500 300 150 50 300 250 600 1750 1500 Read A B D G H K 1 Next Need COMMENTS 2 ITEMS # Units Total Cost FY Rank FY 2 FY 3 FY 4 FY 5 3 N-EKG Machine 1 3500 2 Prices estimated f 4 IN- Nebulizer 6 900 FY are based on to 5 N- Pulse Oximeten 10 may change in the 6 Capital Budget for: 7 Home Health Agency Colors are chosen 8 R- Ultrasound Maching 1 8000 2 with red been nee 9 Legend N- Walkers 2 5001 yellow for FY2. gr. 10 N for New blue for FY4, and 11 R for Replacement IN-CPR Faceshield 20 150 12 13 R- Mobility Chair 5 5000 #4 Rank Legend 15 1=Essential R- Stamina Machine 5 3501 6 2=Needed 7 3=Helpful 8 9 FY=Fiscal Year 0 FY indicates Fiscal Year. Next FY denotes Fiscal Year coming up. FY2 indicates Fiscal Year two years from now, and so on. It is important to plan financially and strategically in advance so that new equipments and replacements are planned in a timely manner and also that cost is planned timely and efficiently Timeliness and cost are sensitive and will help the organization succeed effectively and efficiently and achieve its goals and objectives. B E F G 1 K L D Current Actuat Current Budget 2 Revenue 3 Reserve type 4 Revenue Type 5 Other Revenue Current % YTD YTD YID Variance Variance Actual Budget Variance Variance 10000 20.00% 1560000 1320000 240000 18.18% 5000 33.33% 240000 180000 60000 33.33% 3000 43% 120000 84000 36000 42.85% 132000 28000 21.21% 1920000 1584000 336000 21.21% 4800 18000 24000 216000 96000 2524 120060 2000 3000 24000 24000 36000 144600 30000 36000 7 Totals 160000 5 9 Beenses 2400 11 Type 91 Employees 20000 12 Type 22 Employees 13 pe Employees 14 Wype Employees 3000 15 Supplies 16 Office Supplies 250 17 Bm Furnishings 750 18 Computer Software 1250 19 Outside Printing 350 20 Purchased services 1250 21 Minor Equipment 750 22 Repairs 350 23 Subscriptions 75 24 Seminars 1750 Resp Report Form Project 3 1200 2400 1200 12000 300 100 1000 600 25% 2596 2526 50% 2556 25% 16.66% 50% 16.66% 150 250 50 250 150 50 25 250 1500 15000 600 4000 20% 11.11%8 25% 25% 20% 33,33% 25% 25% 25% 5096 33.33% 25% 16.66%% 5096 16.665 3000 200 1000 3000 600 750 350 900 300 50 1500 300 150 50 300 250 600 1750 1500 Read A B D G H K 1 Next Need COMMENTS 2 ITEMS # Units Total Cost FY Rank FY 2 FY 3 FY 4 FY 5 3 N-EKG Machine 1 3500 2 Prices estimated f 4 IN- Nebulizer 6 900 FY are based on to 5 N- Pulse Oximeten 10 may change in the 6 Capital Budget for: 7 Home Health Agency Colors are chosen 8 R- Ultrasound Maching 1 8000 2 with red been nee 9 Legend N- Walkers 2 5001 yellow for FY2. gr. 10 N for New blue for FY4, and 11 R for Replacement IN-CPR Faceshield 20 150 12 13 R- Mobility Chair 5 5000 #4 Rank Legend 15 1=Essential R- Stamina Machine 5 3501 6 2=Needed 7 3=Helpful 8 9 FY=Fiscal Year 0 FY indicates Fiscal Year. Next FY denotes Fiscal Year coming up. FY2 indicates Fiscal Year two years from now, and so on. It is important to plan financially and strategically in advance so that new equipments and replacements are planned in a timely manner and also that cost is planned timely and efficiently Timeliness and cost are sensitive and will help the organization succeed effectively and efficiently and achieve its goals and objectives