A Brief Note On Annual And Multi Year Budget

Budget preparation is the principal mechanism for achieving items (1) and (2); item (3) typically features as an element of budget preparation only in industrial countries, while item (4) is essentially an issue in budget execution and cash management (see Sections 4 and 5). Moreover, no system of budget execution or cash planning (the subjects of Sections 4 and 5) can do more than mitigate the problems caused by poor quality or unrealistic budget preparation.

15. What are your thoughts of the importance of understanding the per patient day (PPD)

I am choosing the City of Downey, California and the City of West Covina, California as my two cities for my Budget Analysis Assignment paper. I am going to utilize their budgets from Fiscal Year 2013-2014. As I was viewing their budgets from Fiscal Year 2013-2014, I found out that both cities have their first two pages of the report named, "Adopted Budget."

The conflict is the annual budget is being finalized soon, and yet two projects are competing for roughly the same amount of money. However, only one of them can be done this year. As the CEO, Ms. New shall write a position paper describing her recommendation(s), based on ethical principles. Please use at least two (2) moral terms and support your position with at least two (2) outside resources. Please follow MLA formatting.

In this summary I’m going to discuss my findings while creating my budget worksheet. I’m working on my degree in Criminal Justice and perusing a career as a Probation Officer. In 2012, the median pay for Probation Officers was $48,190 yearly and $23.17 an hour. Monthly, my gross pay would be $4,015 before taxes. After using the pay check calculator for Virginia, I found that my net pay would be around $2,990 monthly. When creating my budget worksheet I used my current bills as well as made an estimate on some bills I would possibly have in the next couple of years. If I work just one job as a Probation Officer I will have enough income to support my needs, this is without children. I have made the decision to not have any children until I’m married and no longer have to survive off of one income. I was raise by a single mother that was making about poverty level income. She did the best she could to provide me with what I needed. I just wasn’t fortunate enough to have anything extra like new shoes and clothes every year. Seeing

When you write the paper, please don’t use a excel spreadsheet, only use analysis of the data in Microsoft word sheet. I mean explain everything in words. Thanks!

The budget project helped me mainly to budget my money, and to help me get a job, that pays good money in the future. I want a good paying job so I can help my family with what they need. That’s the budget project helps me. It also helps me with my money and my finances. I really like this project.

“The Budget Project” helped me mainly to budget my money in the future, also get a good job. The career I choose is a football career. It is something I can enjoy doing. If I play I will make enough money to pay all my bills. I will make 62,500 per game. I will have money for unexpected bills.

A budget is a projection/estimation of the financial requirements and burdens that an individual/business drafts to understand their spending and financial boundaries. A budget generally outlines the situation a person will be in financially and can be created using estimates of future incomes and expenses.

The central challenge that budget developers encounter is predicting what the future holds for the internal business and external factors. Reading the future is something that can never be done with perfect precision. The fast pace of technological change, the complexities of global competition and world events make developing effective budgets both more difficult and more important.

Another expense results with budget expectations is capital purchases. Capital purchases are those that cost an organization more than $5,000. Such purchases include radiology equipment, lab equipment, computer systems. Unexpected expenses occur when equipment failure occurs and a need for new or repaired equipment arises or when unexpected volumes of patients require additional capital purchases of equipment to be made. “Working capital management is the role of the manager, in ensuring that there is adequate cash on hand to meet the organization’s needs and minimizing the cost of those resources” (Finkler et al., 2007, p. 360). Variances occur when multiple unexpected costs arise and that reserved cash is expended and needs to assume short-term loans or take away from other departments is necessary. This type of unexpected spending may be categorized as an unfavorable variance. Unfavorable variances are “variances in which more is spent than the budgeted amount” (Finkler et al., 2007, p. 501).

When we compare the static budget with the actual results, there has been a decrease of 2000 cart rentals, which cause $50,000 unfavorable variance. Moreover, there is an unfavorable variance of $200 from the static budget and this is due to the increase in the Labor cost. But when it comes to the gas and oil there has been a decrease, which cause $1100 favorable variance. So the difference between the actual operating profits and the static budgeting for April is $49100 ($50,000U + $200U - $1100F). In my opinion almost of all the differences between the actual operating profits and the static budgeting for April is due to the reduced cart rentals from 6000 to 4000.

Creating a budget is relatively simple, but sticking to one is a much more arduous task. There is a great deal of self-discipline that goes into solidifying a concrete spending plan.Unfortunately, not all possess this trait, and there are many reasons a budget may not be working the way it was intended to.

Budget is the major financial and economic statement. The role of the budget is to keep track of the money coming in and the money going out. It is essential part of running any business effectively. It can help make a short and long term projections about financial situation, avert a financial crisis and plan for major financial changes.

For this piece of assignment, a cash budget will be made for Doomy Corporation for the second quarter of the year. For this budget, all the sales figures for the second quarter and some of the expenditure have been given. Hence, to prepare a cash budget, the sales figure given will be used and some calculations will be worked out in order to fully prepare an outstanding budget for Doomy Corporation the following information will be used efficiently.