HCS 405 Week 2 Operating Budget Worksheet and Template\t\u00a0\tComplete the Operating Budget Worksheet and Template.\tFormat your assignment according to APA guidelines.\tClick the Assignment Files tab to submit your assignment.\tOperating Budget Worksheet\tConsider the following scenario:\tImagine you are a manager of a small health care facility and in charge of developing a projected annual operating budget.\tYour budgetary figures are as follows:\tFor fiscal year 2015 and 2016 your clinic received $3 million from the government as fee-for-services reimbursements, as well as $1.1 million from private payers. The clinic has an annual fund-raiser that historically brings in $180,000 and a grants department that brings in $1.2 million annually.\tYour chief financial officer (CFO) has provided you with the following annual expenses:\tABC Health Care Annual Expenses\tAnnual salaries \ufffd \ufffd\u00a0 $1.5 million\tAnnual benefits \ufffd \ufffd $\u00a0\u00a0 240,000\tAnnual rent\u00a0\u00a0\u00a0\u00a0 $\u00a0\u00a0 960,000\tAnnual insurance \ufffd\u00a0\u00a0 $\u00a0\u00a0 45,000\tAnnual depreciation\u00a0\u00a0\u00a0 $\u00a0\u00a0 780,000\tAnnual overhead \ufffd\u00a0\u00a0\u00a0 $\u00a0\u00a0 180,000\tAnnual supplies \ufffd \ufffd $\u00a0\u00a0 60,000\tUsing the ABC Health Care Operating Budget template, complete a 12-month operating budget in which you include the net profit (loss).\tWrite a 350- to 700-word executive summary that explains to the board of directors how you developed the budget and its importance.\tInclude the following in your summary:\tExplain the process for creating an operating budget and its importance.\tExplain how revenues and expenses are grouped for planning and control in the financial statements.\tExplain the differences between cash and accrual financial systems.\tCite at least 2 sources, including your textbook.\tFormat your assignment according to APA guidelines.\tClick the Assignment Files tab to submit your assignment.<\/p>\n","protected":false},"excerpt":{"rendered":"
HCS 405 Week 2 Operating Budget Worksheet and Template \u00a0 Complete the Operating Budget Worksheet and Template. Format your assignment according to APA guidelines. Click the Assignment Files tab to submit your assignment. Operating Budget Worksheet Consider the following scenario: Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-218731","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/218731","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=218731"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/218731\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=218731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=218731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=218731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}