If your organization makes frequent business transactions, one of the tasks you face as a manager is budget preparation. A budget is a tool used for planning and controlling financial resources. It guides your future plan of action in financial terms within a set period of time. A budget does not have to be complex; however, it should support the organization’s strategic plan. We will need resources to achieve our goals and objectives.
For this assignment, you will focus on the operating budget. An operating budget shows the company’s projected revenue and associated expenses for an upcoming period—usually the next year. An operating budget starts with revenue and then shows each expense type. This includes variable costs—or the costs that vary with sales—such as the cost of raw materials and production labor. The operating budget includes fixed costs, such as the monthly rent on office space or the monthly payment for a photocopier lease. The budget also includes operating expenses, such as interest on business loans, and the noncash expense of depreciation. These items enable the company to compute its projected net income and net profit percentage.
Instructions
Imagine you are the health care administrator for a nonprofit clinic, home health agency, or outpatient surgery center. Your first task is to locate the strategic plan for that organization or determine its strategic direction through the vision statement, mission or purpose statement, and strategic priorities or goals. You will also need the audited financial statements for the organization.
Using the information from your research, develop a one-year operating budget for the chosen entity, which will include operating revenues and expenses. Include a 1–2 page document to justify the approach you use in constructing the operating budget with the strategic plan or strategic direction.
Complete a strategic plan or strategic direction
Complete your operating budget using Excel.
Sample Solution
psychopathic fantasies, which lead to the killing of his victims. More than 74% of serial killers were subjected to continuous psychological torture as a child (Schechter and Everitt, 293). Bartsch’s mother screamed and threatened him numerous times of cutting off his penis, which lead him to his fear of his sexuality. FBI findings prove that over 42% of serial killers have suffered severe physical abuse (Schechter! and Everitt, 293). John Bartsch who was exposed to sexually and psychological abuse was also exposed to physical abuse. Bartsch tells psychologist Paul Moor, “She’s broken more than one wooden cloth’s hangar across my back.” Bartsch traumatic childhood experiences prove how abuse as a child leads to serial killer behavior later in life. The development of a serial killer comes directly from their childhood experiences. Most serial killers display at least one of the “Homicide Triads,” adolescent bed-wetting, arson or sadistic activity. This connection between serial killers as youngsters supports the theory that childhood experiences lead directly to psychopathic behavior of a serial killer (Horse, 2001, 2). Parents and other role models need to look out for these symptoms and get psychiatric help for their children. Crimes as youngsters should not only be punished, but also analyzed by a professional for the deeper reasoning behind their behavior. Too much daydreaming as a child, especially those of sexual or violent nature is used to escape the realities of life. Relatives, teachers, and friends should be more involved in the child’s life so that the child does not have as much time to daydream (Horse, 3). The adults should become more involved in the child’s life so that they could realize that their child has a problem and seek professional help before the problem progresses any further. Child abuse scars a child and causes hate towards others to develop. The pain afflicted upon serial killers as children sexually, emotionally, and physically, causes them to take vengeance out on others for their troubled childhood. If people in he community take action and report child abuse instead of not getting involved, the hatred developed from the abuse might stop, and allow the child a chance at regaining a normal life.>
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