Consider whether this year was an overall financial success for the clinic.Why or why not?

2. Give at least three key budget variances within the individual line items that you feel would require additional investigation or feedback from clinic management to better understand the operational drivers:

1) Explain why you selected these line items?

2) Hypothesize on some possible operational reasons that you suspect could have resulted in these line item budget variances?

Walton Community Health Clinic Fiscal Year-end Income Statement Revenue Net Patient Revenue Patient Volume Other Revenue Total Operating Revenue Expenses Physician Salaries Physician Incentive Compensation Nursing Salaries Administrative Salaries Benefit Expenses Total Compensation Expenses Medical Supply Expense Pharmacy Expense Clerical Supply Expense Depreciation Expense Rent Expense Other Expense Total General & Administrative Expenses Total Operating Expenses. Excess (Loss) of Revenue over Expenses Acutal 7,588,476 32,811 78,884 7,667,360 2,833,027 1,448,510 1,911,473 210,000 704,331.1 7,107,341.1 163,200 200,462 12,407 22,000 90,000 40,220 528,289 7,635,630.1 31,729.9 Budget 7,500,000 30,000 80,000 7,580,000 3,000,000 1,250,000 1,750,000 225,000 684,750 6,909,750 150,000 200,000 15,000 22,000 90,000 50,000 527,000 7,436,750 143,250 Variance 88,476 2,811 -1,116 87,360 -166,973 198.510 161,473 -15,000 19,581.1 197,591.1 13,200 462 -2,593 0 0 -9,780 1,289 198,880.1 -111,520.1