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Sitfxfin010 - prepare and monitor budgets - Assessment 3A - Budget project answers - TASK 1 As a department head in a five-star hotel one
Sitfxfin010 - prepare and monitor budgets - Assessment 3A - Budget project answers - TASK 1 As a department head in a five-star hotel one of your duties when preparing the budget for the next business year is to prepare a Capital Expenditure Budget. This is where you decide what plant and equipment you would like. This can be new equipment to make your department more efficient or to replace old equipment that may be broken or inefficient. Capital Expenditure is for expensive items that is not allowed for in your operational budget and may include things like equipment (fridges, dishwashers, industrial vacuum cleaners) through to furnishings such as restaurant chairs and tables. Go to the Scenario that is relevant to your Department Head Position these have been provided to you to give you ideas, but it is up to you to decide what you would like for the following year. Once you have decided what you would like (and how many) you need to research and put together a quote (amount of money you need) and a justification on why you should receive the money
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