Interpret the budget and provide summary in 500 words by reflecting the understanding of budgeting principles. The summary should include comparison of budget of 2018/19 to budget of 2017/18. Also suggest where the activity can be increased or decreased.
Nepean Blue Mountains LHD - Budget 2018/19 2018/19 BUDGET Comparative Data and Annualised Variance 201718 NWAU 92 170 1560 5.4% 123,179 10,023 7210 $2.698 11.708 Volume LHDISHN 2017/18 Variance Initial Target Voluma (Admissions & State Price Projected Initial Budget Annualisad INWAU18 Attendances) per NWAU18 Average Cost 2010/10 ( 300) Budget Indicative only per NWAU18 ( 5000) (5000) Acute Admitted 83.667 $324207 $375 214 $17,983 Emergency Department 16 348 130484 34.713 14.523 $75 388 3710 $3.508 Non Admited Patients (Inducting Dental 25,717 $118 31097 127,546 701,130 86 153 $558,091 $30.081 Sub-oute Services - Admitted 9.510 3,129 344 335 442 517 $1819 Sub Acute Services - Non Admcled 54 622 54.713 $2.016 $2.855 10,261 2.189 H7252 145.392 $1.379 Mental Heat - Admited (Acute and Sub Aute) SM 057 $32.619 31.033 Mental Health - Block Funded Hospitals $300 $329 Mental Health - Non Admitted 54.713 34.622 4,650 104,436 $27,000 $26 669 $1.223 Mental Health - Classification Adjustment $1.437 $1,405 Total 12,033 105,832 $83.721 $61,023 Block Funding Allocation Block-unded Hospitals (Small Hospital 12, 02 $2,001 981 Block Punded Services In-Scope - Teathing, Training and Research $20.820 $20,397 Total $23,711 $23,298 $493 E Sate Only Block Funded Services Total $61,70 $60,450 $1,279 Transition Grant (excluding Mental Health) and RSC Gross-Up (Private Patient Service Adjustments) $15.400 $18,090 $311 Provision for Specific Initiatives & TMF Adjustments (not included above) Data improvement Project $750 HAC Improvement Project $350 Leading Better Value Cure Program Support Transition $250 Purchasing Adjusters incl Hospital Acquired Complications) -3973 Health Share Accelerated Savings Program -3528 Election Commitment - Additional Nursing, Midwifery and Support positions $355 Electricity escalations ICT escalation (Intra Health $1,507 New parents and children initiatives 32.522 Restricted Financial Asset Expense 12.99 $2,949 Depreciation (General Funds only! $26,186 $25,156 K Total Expenses (=A++C+D+E+F+G.H ) $830,662 $791,390 939.272" LOther Gain Loss on disposal of assete MLHD Revenue -$41,399 N Not Result (N=k+L+M) $17.445 $19,572 -$2,127 General Note: ABF growth is funded at 90% of the State Price for all business as usual active and new builds of new capacity has continued to be funded at the full State Price Part of the Acute, ED and Subacute Admitted transition grant has been used to fund growth (see Schedule C glossary) Data Improvement Project $250k to be allocated to Intra Health for EDW Schedule C Part 1 2.1% 2.1% 2.1% 9577 5.0% Nepean Blue Mountains LHD - Budget 2018/19 2018/19 BUDGET Comparative Data and Annualised Variance 201718 NWAU 92 170 1560 5.4% 123,179 10,023 7210 $2.698 11.708 Volume LHDISHN 2017/18 Variance Initial Target Voluma (Admissions & State Price Projected Initial Budget Annualisad INWAU18 Attendances) per NWAU18 Average Cost 2010/10 ( 300) Budget Indicative only per NWAU18 ( 5000) (5000) Acute Admitted 83.667 $324207 $375 214 $17,983 Emergency Department 16 348 130484 34.713 14.523 $75 388 3710 $3.508 Non Admited Patients (Inducting Dental 25,717 $118 31097 127,546 701,130 86 153 $558,091 $30.081 Sub-oute Services - Admitted 9.510 3,129 344 335 442 517 $1819 Sub Acute Services - Non Admcled 54 622 54.713 $2.016 $2.855 10,261 2.189 H7252 145.392 $1.379 Mental Heat - Admited (Acute and Sub Aute) SM 057 $32.619 31.033 Mental Health - Block Funded Hospitals $300 $329 Mental Health - Non Admitted 54.713 34.622 4,650 104,436 $27,000 $26 669 $1.223 Mental Health - Classification Adjustment $1.437 $1,405 Total 12,033 105,832 $83.721 $61,023 Block Funding Allocation Block-unded Hospitals (Small Hospital 12, 02 $2,001 981 Block Punded Services In-Scope - Teathing, Training and Research $20.820 $20,397 Total $23,711 $23,298 $493 E Sate Only Block Funded Services Total $61,70 $60,450 $1,279 Transition Grant (excluding Mental Health) and RSC Gross-Up (Private Patient Service Adjustments) $15.400 $18,090 $311 Provision for Specific Initiatives & TMF Adjustments (not included above) Data improvement Project $750 HAC Improvement Project $350 Leading Better Value Cure Program Support Transition $250 Purchasing Adjusters incl Hospital Acquired Complications) -3973 Health Share Accelerated Savings Program -3528 Election Commitment - Additional Nursing, Midwifery and Support positions $355 Electricity escalations ICT escalation (Intra Health $1,507 New parents and children initiatives 32.522 Restricted Financial Asset Expense 12.99 $2,949 Depreciation (General Funds only! $26,186 $25,156 K Total Expenses (=A++C+D+E+F+G.H ) $830,662 $791,390 939.272" LOther Gain Loss on disposal of assete MLHD Revenue -$41,399 N Not Result (N=k+L+M) $17.445 $19,572 -$2,127 General Note: ABF growth is funded at 90% of the State Price for all business as usual active and new builds of new capacity has continued to be funded at the full State Price Part of the Acute, ED and Subacute Admitted transition grant has been used to fund growth (see Schedule C glossary) Data Improvement Project $250k to be allocated to Intra Health for EDW Schedule C Part 1 2.1% 2.1% 2.1% 9577 5.0%
