For this assignment, you will join a few colleagues to form a subcommittee working on various aspects of budget planning and development for an organization. In our first assignment, we focused on the Financial Accounting and Managerial Accounting functions of an organization. We provided thoughtful financial analysis to make good decisions for our organization in the next budget year. In this exercise, you will work with your classmates to thoroughly identify ALL of the expenses related to those functions of the organization. You will do this work in Excel and you will be expected to record yourselves explaining how you did your work, why you chose those expenses, and provide some recommendations for how you might find additional funding to support those functions in your organization. Subcommittees will include Fundraising & Social Enterprise; Programs; Capital Projects; Human Resources and Operations; Marketing, Public Relations, and AdvocacyYour group will complete the following work for this assignment:$1.$ Break down the main line budget items related to your subcommittee focus, $($e$.$g$.$ Fundraising, think about all of the potential income and expense items to complete a more focused budget.$)$ This budget breakdown must be completed in an Excel document and the format of a budget, Income at the top, Expenses below, with Total$/$Net profit$($deficit$)$ at the bottom. Use the provided Budget for format. $2.$ Record your group discussing why you have constructed your income and costs as you have done. The recording can be done using your student Zoom Account and should be no longer than $10$ minutes. Explain the income and cost breakdown you have used and why. Given the state of the organization's reduced income, consider researching grant opportunities available through the Municipal, Provincial, and Federal Governments, or Foundation Grants that might provide additional income for the project$($s$).***$For students in the HR group, please note the following. For this exercise, the cost of health benefits for employees of the organization is approximately $$200$ per month, per employee $($assume you have $15$ employees eligible for health benefits$).$ Vacation is $6\%$ of an employee's annual salary. Don't worry about accruing vacation time $($meaning$,$ this organization does not carry vacation over from year to year. Mandatory Employee Related Costs $($MERCs$)$ are $8\mathrm{.}5\%.$Due on Mar $22,202411$:$59$ PMAttachments