Budget Assumptions Explain your approach $($and$/$or$)$ show calculations

Revenues

Government Funding will not increase by more than $2\%$ We increased it by $2\%$ because as stated we can expect it by $2\%$ not more than that government is struggling to meet the funding needs of an increasing number of facilites that are serving more complex patient populations

Sunshine$$s Senior Leadership would be open to increasing the rate per bed by a maximum of $$10$ per day for each bed type. However, they expect that for every $$5$ the price increases, the occupancy rate of the beds will decrease by $1\%$ If we were increasing it by $5$$ than we had to rely on grants, so it increased it by $10$$ and also we have taken aggressive approach in expense so we had to increase it by $10$$ because If we would not than the budget would go in deficit. Have increased it for Private, Semi$-$Private, and basic accomodation. For short stay accomodation, we did not increase the room rate as it has been same for the $2021-22$ and $2022-223$

Fundraising is inconsistent. Spending time on fundraising takes staff attention away from the patients, which can hurt the organization$$s reputation. Leadership does not want any extra time spent on fundraising efforts.$$ Did not give any budget for fundraising as leadership does not want any extra time spent on fundraising efforts as spending time on fundraising takes staff attention away from the patients, which can hurt the organization's reputation.

Community partners often donate to the organization. On average between $7$ and $10$ donors donate an average of $$25,000$ each per year.$$ Took an aggressive approach that only $7$ community partners will donate to the organization so$,$ that if it increases also the budget would be in profit

We should not rely on our grant application for $$50,000$ being approved We have submitted application for grants but we are not sure if it will be approved or not but as we have in profit of $75,830$ after revenue$-$ expense so$,$ if the grant application is not approved than also we are in profit

Expenses

Care team wages are expected to increase $3\%$ based on current negotiations. Took aggressive approach and increased it to $3\%$

Administrative wages are expected to increase by $2\%.$ Took aggressive approach and increased it to $2\%$

Care team benefits are expected decrease from $23\%$ of wages to $22\%$ of wages.$$ If would have kept it on $23\%$ itself than we had to rely on grants

Administrative benefits are expected to increase from $23\%$ of wages to $23\mathrm{.}5\%$ of wages.$$ Took agrresive approach and increased it to $23\mathrm{.}5\%$

Resident Care expenses are expected to rise between $5-10\%$ due to inflation Took aggressive approach and we increased it to $10\%$ due to inflation

Insurance will increase $5\%$ and we are expecting a new deductible to paid which willl add another $$5,000$ after the increase Took aggressive approach and we increased it to $5\%$ and also added the cost of new deductible $$5000$

Staff Training and Development continues to increase as the competition for qualified staff increases. We may want to consider increasing this line item without putting the organization in a deficit position.$$ Last time decreased by approxiamtely $13\mathrm{.}3\%,$ so this time we increased it with same decreasing percentage by taking aggressive approach

Both snow removal and maintenance are expected to decrease by $10-15\%$ because of predictions of a mild winter.$$ Took aggressive approach so decreased it by $10\%$

$2022-232021-22$

Administrative Supplies As no information was provided so followed last year trend because last year also it increased by $2\%$ so we increased this year also $2\%$ $$39,000$ $$35,00011\mathrm{.}43\%$

Legal Expenses As no information was provided so followed last year trend because last year also it increased by $11\mathrm{.}43\%$ so we increased this year by $11\mathrm{.}43\%$ $$65,000$ $$75,000-13\mathrm{.}33\%$

This is the reasoning I gave for my aggressive approach is it fine? It is in continuation with the first question I submittedAssumptions:

Revenues

$$ Government funding will increase by no more than $2\%$ from last year. The government is struggling to meet the funding needs of an increasing number of facilities that are serving more complex patient populations.

$$ Sunshine$$s Senior Leadership would be open to increasing the rate per bed by a maximum of $$10$ per day for each bed type. However, they expect that for every $$5$ the price increases, the occupancy rate of the beds will decrease by $1\%.$ The number of beds that the facility has cannot change. The chart below shows the current price per day and occupancy rate for each bed type.

Bed Type Number of Beds Price per Day Number of Days Occupancy Rate

Private $25$ $$9036595\%$

Semi$-$Private $25$ $$7636590\%$

Basic $40$ $$6336585\%$

Short Stay $10$ $$4029280\%$

$$ Fundraising is inconsistent. Spending time on fundraising takes staff attention away from the patients, which can hurt the organization$$s reputation. Leadership does not want any extra time spent on fundraising efforts.Assumptions: