Operating Budget
| 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 : |
