Problem 4 You must prepare a budget for fiscal year 19X2 for your 75 -bed nursing unit. Target occupancy rate is 80 percent. You have determined that the staffing pat- tern needed to support this level of occupancy is 50 FTEs of RNs managed by a single head nurse. The fiscal year begins on July 1, 19X1. The existing rates of pay as of November 30, 19X0, are $15/hour for RNs and $20/hour for the head nurse. These rates will be increased on January I, 19X1 by 10 percent and on January I, 19X2, by 8 percent. Benefits are 20 percent of salaries for all employees. Inflation on nonsalary items is 10 percent for the budget year. The bud- get you are to prepare should include patient days, salaries, benefits, and supplies. The following data are available for consumable supplies. Departmental Expense Report July 1 -- November 30, 19X0 Description Amount Office Supplies (F) $500 Med/Surg Supplies (V) 18,000 Stock Drugs (V) 13,500 Books & Periodicals (F) 50 Miscellaneous (F) 1,000 Total $33,050 Partient Days 9,000 (V) = variable expense items (F) =fixed expense items Problem 4 You must prepare a budget for fiscal year 19X2 for your 75 -bed nursing unit. Target occupancy rate is 80 percent. You have determined that the staffing pat- tern needed to support this level of occupancy is 50 FTEs of RNs managed by a single head nurse. The fiscal year begins on July 1, 19X1. The existing rates of pay as of November 30, 19X0, are $15/hour for RNs and $20/hour for the head nurse. These rates will be increased on January I, 19X1 by 10 percent and on January I, 19X2, by 8 percent. Benefits are 20 percent of salaries for all employees. Inflation on nonsalary items is 10 percent for the budget year. The bud- get you are to prepare should include patient days, salaries, benefits, and supplies. The following data are available for consumable supplies. Departmental Expense Report July 1 -- November 30, 19X0 Description Amount Office Supplies (F) $500 Med/Surg Supplies (V) 18,000 Stock Drugs (V) 13,500 Books & Periodicals (F) 50 Miscellaneous (F) 1,000 Total $33,050 Partient Days 9,000 (V) = variable expense items (F) =fixed expense items