Current YTD (Jul - Dec) Actuals	Current Year's Total Budget	Current Year's Variance YTD	Estimate Current Total Year's Actuals	Next Year's Budget
OPERATING REVENUE:
Inpatient Revenue	$ 23,123,516	$ 50,000,000	$ (1,876,484)
TOTAL PATIENT SERVICES REVENUE	$ 23,123,516	$ 50,000,000	$ (1,876,484)
OPERATING EXPENSES
Salaries and Wages	$ 12,157,632	$ 23,000,000	$ 657,632
Employee Benefits	$ 3,040,408	$ 5,750,000	$ 165,408
Professional Fees	$ 250,160	$ 400,000	$ 50,160
Supplies	$ 5,883,497	$ 10,000,000	$ 883,497
Purchased Services - Utilities	$ 27,456	$ 50,000	$ 2,456
Purchased Services - Other	$ 23,484	$ 50,000	$ (1,516)
Insurance	$ 57,315	$ 105,000	$ 4,815
License and Taxes	$ 21,456	$ 40,000	$ 1,456
Other Direct Expenses	$ 972,157	$ 1,500,000	$ 222,157
TOTAL OPERATING EXPENSES	$ 22,433,565	$ 40,895,000	$ 1,986,065
NET REVENUE OR (EXPENSE)	$ 689,951	$ 9,105,000	$ (3,862,549)

Using the data provided in the first three (3) columns, you will be developing an operating budget for the medical-surgical department at the St. Anthony Medical Center for the next fiscal year, as well as estimating the revenue and expenses for the remainder of the current fiscal year. (Assume that next year's revenue will be unchanged from the current year's revenue; however, the department will need to cut operating expenses by 5 percent for next fiscal year.)