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Our assignment for week 5 is to create an operating budget (minus staffing cost) and a capital budget for your area of responsibility. Theres no

Our assignment for week 5 is to create an operating budget (minus staffing cost) and a capital budget for your area of responsibility. Theres no right or wrong way to prepare these budgets, but as a healthcare manager, how are you going to convey the budgets to your supervisors or CFO? Prepare both budgets and provide an explanation and summary of the various elements of the budgets. For example, is your operating budget static or flexible? Why? Likewise, what information is critical to possess when requesting capital expenditure items? Assume a reduction (for example, 15%) will be required after you submit your hypothetical budgets to your supervisor(s). Which lines of your budget would you reduce to meet the requirement, or how would you defend their necessity? Complete both budgets and provide an explanation and summary as to how you arrived at your figures, as well as how you would present this information to your supervisor or CFO. Format this assignment in MS Word for the narrative and include appropriate tables for numerical data.

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