SITXFIN003

PROJECT ACTIVITY 2

The following budget on the next page is for the financial year 2016/2017 for the Wild Goose Family Restaurant.

In October 2017 you have confirmation that between the months of January and February 2018, major road works in the area around your business will take place. The road works will be for 3 weeks (the last two weeks of January and the first week of February). This will affect your customers and your business trade.

You need to adjust your planned budget for this period and adjust your figures accordingly. You forecast to lose 25% of revenue for those three weeks and 10% for the two weeks after the road works.

Develop and present a new budget using the template over the following pages for the January/February period and indicate what changes you will make to keep the budget on track as much as you can in the space provided.