Budget preparation project | Applied Sciences homework help

  **There is uploaded Excel document for this project. Refer to the Project Budget Preparation.

Project: Budget Preparation

This project uses a Health Information Management Department as an example; however, for those students in a different discipline the process is exactly the same. You can take this experience and apply it after graduation to budgeting for a radiology, laboratory, physician/dental/ophthalmology office, registration, patient accounts, etc. Finding the details for membership dues, continuing education, conference costs etc. follows the same process.

You are submitting this budget with details and justifications to the facility Chief Financial Officer (CFO).


You have been assigned the task of completing the proposed budget for the next fiscal year for your Department. The fiscal year is from January – December. As a tool, you have the budget from the previous year, the salary worksheet and the monthly expenses report. You will be using the historical data provided as well as considering your projections for future costs. 

  • You      have been directed by the CFO’s office to project a maximum 5% salary      increase.
  • You      have been directed to project an increase in supplies of 7%.
  • You      have been directed to project a 5% increase in all other areas, except      those discussed below.

You must also evaluate travel expenses, membership and dues. It is the policy of your facility to pay for your American Health Information Management Association (AHIMA) dues, and to reimburse any coder who successfully passes certification examination. You know that two of your coders plan to take the Certified Coding Specialist exam next year. (Check AHIMA for these costs)

You need to budget to attend the AHIMA convention (use current year costs). Be sure to estimate airfare, hotels, food, and registration fees for a 4 day convention. Attach appropriate document that details estimated expenses. (Yes, check actual airfare from your home city to the actual location (this year, Atlanta, GA), and the cost of registration. Estimate $180.00 a night for hotel and $35.00 a day for food). For purposes of our project COVID has not cancelled in-person events.

You typically host lunch for your staff during Health Information Management week in March. You have 12 employees in your department and you usually plan to spend $10.00 per person.

You need to budget for education. You know that you must provide education for your coders to include, at a minimum, 10 CEU’s a year to maintain their coding certification and the hospital provides that education. (check https://my.ahima.org/store/ and check the price of Webinars. Budget enough to cover the cost for approximately 10 hours)

You have also been advised to make any capital requests at this time. You need a new scanner to scan some departmental records which are not fully electronic yet – needs to be professional model to take the workload. (check the internet, choose a model, see if you can find multiple sites with the same product and compare pricing, attach info to your budget.)

  • Based      on 2080 hours working a year, what is your department’s average hourly      rate?
  • What      is the total average monthly expense for your Department each month? 

(total budget / 365 * days in month)

Assignment Instructions:

Create a budget for the upcoming year and justify all of your calculations and recommendations. 

1. You will submit an excel spreadsheet for your proposed budget (you can use the previous year’s file as a template): 

Spreadsheet Tab One: listing salaries

Spreadsheet Tab Two: a listing that is broken down by month

Spreadsheet Tab Three: an annual monthly budget (see example of previous year)

2. You will submit a Word Document which:

  • justifies your expenses for every category in your budget.
  • identifies the equipment you would like to purchase, and a      justification for that equipment. Attach any product description which would help support your      recommendation.
Semester Papers
Calculate your paper price
Pages (550 words)
Approximate price: -

Why Work with Us

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional and Experienced Academic Writers

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Prompt Delivery and 100% Money-Back-Guarantee

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.


Essay Writing Service

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.


Admission Essays & Business Writing Help

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.


Editing Support

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.


Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.