Budgeting basics

1

• Budgeting basics
• Operating budget
• Cash budget
• Non-manufacturing firms

2
Jan-04
Feb-04
Mar-04
500
Asst Living
500
500
1,750
Skilled Nursing
1,750
1,750
500
ST Rehab
550
600
2,750
Total
2,800
2,850
Revenue
42,000
Asst Living
42,000
42,000
204,800
Skilled Nursing
204,800
204,800
67,500
ST Rehab
74,300
81,000
314,300
Total
321,100
327,800
3
Jan-04
Feb-04
Mar-04
Dietary
25,000
Wages
25,000
25,000
34,100
Food
34,700
35,300
Nursing
15,900
RN Salaries
15,900
15,900
33,200
LPN Salaries
33,200
33,200
4
Fixed cost
Nurse Aide Salaries
112,914 - 34 x 2,821 17,000
4,216
124
Variable cost
34/pday
5
Jan-04
Feb-04
Mar-04
Dietary
25,000
Wages
25,000
25,000
34,100
Food
34,700
35,300
Nursing
15,900
RN Salaries
15,900
15,900
33,200
LPN Salaries
33,200
33,200
110,500
Nur Aide Sal
112,200
113,900
13,300
PT, OT, ST
14,600
15,900
6
AG Exp
45,000
Laundry, etc
45,000
45,000
16,800
Depreciation
16,800
16,800
293,800
Total Exp
297,400
301,000
20,500
Operating Inc
23,700
26,800
7
Jan-04
Feb-04
21,000
Beg Cash
34,700
246,800
Cust - Current
246,800
Receipts
64,200
Cust - Prior
67,500
311,000
Total
314,300
197,900
Accnt - Current
200,900
76,400
Accnt - Prior
79,100
Disbursmnt
48,000
Asset Purchase

322,300
Total
280,000
9,700
Subtotal
69,000
25,000
Financing

34,700
End Cash
69,000