Projected Expenses
Add to Parts 1 and 2 of your Organization Wide Operating Budget by identifying the Projected Expenses for Year 1. Personnel costs are often the most expensive portion of a budget for service based provision like mental health services. Typically a standard 15% can be added to an annual salary for a benefits package. However, facility related expenses may well exceed personnel expenses. Based on your proposed facility and staffing, determine what your annual expenses will be for your proposed practice. Make sure to use Worksheet B.6-8 page 151+ as a guide. Also make sure to prioritize your expenses from most to least important so you will know what can be cut from the expense column if needed. Make sure to provide rationale for your expense categories and amounts. The article by Chevarley et al. (2006) can help with some projections of expenses (see ProQuest). The recommended length of this assignment is 4 pages with reference support.
Resources
Readings
1.Textbook:
Dropkin, M., Halpin, J., & LaTouche, B. (2007). The budget-building book for nonprofits (2nd ed.). Jossey-Bass.
Chapter 14: Major Components of Operating Budgets
2. Article:
Chevarley, F., Owens, P.L., Zodet, M.W., Simpson, L., et al. (2006). Health care for children and youth in the United States: Annual report on patterns of coverage, utilization, quality, and expenditures by a county level of urban influence. Ambulatory Pediatrics, 6(5), 241-64.
3. Videos
McCarthy, J., [goldstarjimmccarthy]. (2010, September 1). Difference Between Fixed and Variable Costs – Quick Draw with Jim McCarthy, Goldstar CEO [Video File]. Retrieved from https://youtu.be/wBBfA9q8FSQ (Links to an external site.)
BPMSG, [BPMSG]. (2010, February 23). 06 Operating Expenses Fixed and Variable (Business Performance Management) [Video File]. Retrieved from https://youtu.be/Xc6F5rMCM40
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