Operating Budget

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 :

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