how do I get next years budget total operating expenses and net…
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how do I get next years budget total operating expenses and net…
how do I get next years budget total operating expenses and net revenue or expense Med/Surg Department Budget Current YTD (Jul – Dec) Actuals Current Year’s Total Budget Current Year’s Variance YTDEstimate Current Total Year’s ActualsNext Year’s Budget OPERATING REVENUE: Inpatient Revenue $ 23,123,516 $ 50,000,000 $ (1,876,484) $ 48,559,384 $ 47,500,000 TOTAL PATIENT SERVICES REVENUE $ 23,123,516 $ 50,000,000 $ (1,876,484) $ 48,559,384 $ 47,500,000 OPERATING EXPENSES Salaries and Wages $ 12,157,632 $ 23,000,000 $ 657,632 $ 24,315,264 $ 21,850,000 Employee Benefits $ 3,040,408 $ 5,750,000 $ 165,408 $ 6,080,816 $ 5,462,500 Professional Fees $ 250,160 $ 400,000 $ 50,160 $ 500,320 $ 380,000 Supplies $ 5,883,497 $ 10,000,000 $ 883,497 $ 11,766,994 $ 9,500,000 Purchased Services – Utilities $ 27,456 $ 50,000 $ 2,456 $ 54,912 $ 47,500 Purchased Services – Other $ 23,484 $ 50,000 $ (1,516) $ 46,968 $ 47,500 Insurance $ 57,315 $ 105,000 $ 4,815 $ 114,630 $ 99,750 License and Taxes $ 21,456 $ 40,000 $ 1,456 $ 42,912 $ 38,000 Other Direct Expenses $ 972,157 $ 1,500,000 $ 222,157 $ 1,944,314 $ 1,425,000 TOTAL OPERATING EXPENSES $ 22,433,565 $ 40,895,000 $ 1,986,065 $ 44,867,130 NET REVENUE OR (EXPENSE) $ 689,951 $ 9,105,000 $ (3,862,549) $ 3,692,254
Accounting
Business
Managerial Accounting
FPX 4008
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