OPERATING BUDGET

owerPoint presentation of 10slides + speaker notes of 150 words per slide

As a member of the finance team, you have been asked to forecast the upcoming year’s operational budget for Krona Community Hospital. Look below for last year’s budget. After reviewing specific data, internal input, and external input from various sources, you find that the executive management team would like the budget to reflect the following:

KRONA HOSPITAL                             OPERATING BUDGET FOR 20XX
Revenues
Inpatient	$      25,000,000
Outpatient	15,000,000
Emergency Room	10,000,000
Laboratory	5,000,000
Pharmacy	1,500,000
Home Health and Hospice	1,500,000
Ambulance Services	950,000
Substance Abuse	250,000
Other	850,000
Subtotal	$      60,050,000
Less Chartiy Care	18,000,000
Net Revenues	$      42,050,000
Expenses
Payroll (including nursing salaries)	$      12,500,000
Benefits	3,000,000
Contract Labor	100,000
Insurance	300,000
General Services (laundary, security, etc)	3,000,000
Depreciation	1,500,000
Interest Expense	300,000
Professional Services	10,000,000
Total Operating Expenses	$      30,700,000
Net Income	$      11,350,000

 

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