Question
Considering the following budget: FY (July 1, 2021- June 30, 2022) (These expenses are from July 1, 2021 to December 31, 2021) Budget YTD Expenses
Considering the following budget:
FY (July 1, 2021- June 30, 2022)
(These expenses are from July 1, 2021 to December 31, 2021)
Budget YTD Expenses YTD Revenues
Total wages $120,000 $61,121.32 $93,568.97
Total Personnel $144,000 $12,046.65
Participant Support $15,000 $5,500
Service and Supplies $14,735 $7,167.45
Indirect Costs $15,265 $7,733.55
Total Expenses $309,0000 $93,568.97 $93,568.97
Benefit rate: (Benefits @ 20%, consist of Group Health ($400/MO/FTE)
| Staffing | ||
| Program Director | $ 15,000 | 0.25 FTE: Program Director manages program deliverables, oversees budget, and supervises staff |
| Therapist 2.00 FTE | $ 90,000 | 2.00 FTE: LMFTs responsible for providing 1:1 in perso counseling to clients |
| Adminstrative Assistant | $ 15,000 | .50 FTE: Provides clerical support as needed inluding scanning, copying, and filing |
| Total Wages | $ 120,000 | |
| Benefits @ 20% | $ 24,000 | Benefits Consist of Group Health ($400/MO/FTE), FICA (7.65%) , and Retirment (5% for Staff after 2 Years) |
| Total Personnel | $ 144,000 |
How realistic is the benefit rate provided for this budget?
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Forensic And Investigative Accounting
Authors: D. Larry Crumbley, Lester E. Heitger, Stevenson Smith
5th Edition
0808026879, 9780808026877
