20180224165245venice_family_clinic_proposal_milestone_three.docx

One such way is through hiring an outside

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One such way is through hiring an outside professional consultant to draft a budget for our clinic. We can also use electronic systems such as Excel. Budget: Statements The regular statements are an important aspect of budgeting. They allow for us to make sure we are upholding our budget properly and that the Venice Family Clinic is not losing a mass amount of money. I would recommend brief quarterly review statements and a comprehensive annual statement. Budget: Expenses I budgeted that many salaries would remain the same, though those for the RN and staffing decreased just slightly. This is only short-term, however, to allow for more medical supplies expenses. Since we will not be purchasing any new equipment in the upcoming year, equipment expenses have decreased by $100,000. We are allowing for some cushion room just in case of 3
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Milestone 3: The Venice Family Clinic an emergency purchase. Equipment leases also decreased just slightly to allow for more insurance coverage. Budget: Reasoning I budgeted for fewer expenses overall, which would lower the expenses of Venice Family Clinic by $55,591, thereby increasing overall profitability. This is more vital understanding that the clinic, unfortunately, suffered a loss of over $1.5 million in the year 2012. As a non-profit organization, it is important for the clinic to break even at best, hence why I budgeted conservatively. Budget: Ratios and Ratio Calculations Total Net Patient Revenue was calculated/budgeted to equal $19,340,000, and the Total Net Expenses was budgeted to equal $8,689,000. The Total Net Profit would then be calculated using
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  • Summer '15
  • Generally Accepted Accounting Principles, Venice Family Clinic

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