You have met with the department heads of Hotel Futura and the following details have been discussed to prepare your draft budget for 2015/16:

Rooms Division:

Due to renovations the rooms available have been reduced to 90%.?

The forecasted occupancy rate has been adjusted to 78%.?

The revenue per available room needs to be increased to $178.00?

The COGS will decrease to 13%?

Staff costs need to be increased to 22% to allow for increases in superannuation and awards.?

Other Expenses need to increase to 9% to cover electricity price rises.?

Hotel Futura Budget Forecast 2015/16
Total Revenue 2015/16	$ 11,213,138.73		$ -	Forecasted 2015/16
Room Budget			Forecast $	Forecast %	Expenses Analysis
Rooms Available	63875	100%			COGS
Rooms Occupied	51548				Staff costs
Total Occupancy %	80.70	80.7%			Other Expenses
Revenue Per Available Room	$ 134.80				Total Expenses
Total Room Revenue	$ 6,948,897.21