Budget Sample- Operating Budget
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Budget Sample- Operating Budget
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| BUDGET SAMPLE | |||
| Current Year | New Budget | % Difference | Comments |
| GROSS REVENUE | |||
| Outpatient Revenue | |||
| Office visits | 1,000,000 | ||
| immunizations | 500,000 | ||
| Well Child Exams | 500,000 | ||
| Pregnancy Care | 300,000 | ||
| Diabetes education | 150,000 | ||
| Mammography | 2,500,000 | ||
| MRI | 5,000,000 | ||
| Total Gross Patient Services Revenue | 9,950,000 | ||
| EXPENSES | |||
| Salaries | |||
| MD | $ 2,500,000 | MD salaries combined | |
| RN | $ 800,000 | RN salaries combined | |
| LPN | $ 350,000 | Nursing staff salaries combined | |
| Other Staff | $ 180,000 | Admin staff salaries combined | |
| Total Salary Expense | $ 3,830,000 | ||
SUPPLIES |
|||
| Medical Supplies | 485,000 | What is needed for the clinic to operate? | |
| Office Supplies | 265,000 | What is needed for the clinic to operate? | |
| Total Supplies | 750,000 | ||
| OTHER EXPENSES | |||
| Equipment | $ 250,000.00 | ||
| Author: Author: Equipment is ‘never’ and expense; Fixed assets are to be depreciated over a period of time. For example, a building is a fixed assets; a vehicle is a fixed asset; a plane is a fixed asset; all of which are to be depreciated (Note: Chapter4 in Principles of Accounting I) | Legal Fees | $ 108,786 | |
| Professional Fees | 152,288 | ||
| Utilities | 497,694 | ||
| Repairs and Maintenance | 506,984 | ||
| Equipment Lease | 183,509 | Is your capital budget item a lease? | |
| Insurance | 154,996 | What insurance is required for the practice? | |
| Bad Debt Expense | 80,000 | Uncollectable accounts | |
| TOTAL OTHER EXPENSES | $ 1,934,257 | ||
| Total All Expenses | $ 6,514,257 | ||
| Excess (Deficit) Revenues over Expenses | $ 3,435,743 |
Capital Budget
| Capital Budget SAMPLE | ||||||||
| Specific Department | ||||||||
| FY 20XX | ||||||||
| PROPOSED QUARTER OF PURCHASE | ||||||||
| ITEM REQUESTED | PURPOSE / USE | ITEM COST | INSTALLATION | TOTAL COST | 1st | 2nd | 3rd | 4th |
| Example: | ||||||||
| Floor Scrubber | Facilities | $ 6,000 | $ 1,000 Author: Author: This is funny. How do you install a floor scrubber? A floor Scrubber is not attached to real property; thus, the asset is not installed. Commercial floor scrubbers are just delivered with a set of instructions, just like one would buy a car. |
$ 7,000 | X | |||
| Floor tile in Entry | Facility upgrade | $ 7,000 | $ 3,000 | $ 10,000 | X | |||
| TOTALS | $ 13,000 | $ – 0 | $ 4,000 | $ – 0 | $ 17,000 | |||
| Submitted by: | Approved by: | |||||||
| Date : | Date : |
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