CH31 Forecast Service Related Workload & Budget for Next Fiscal Year Paper

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Complete Assignment Exercise 16-1: Budgeting on page 559 in your course text

Case Study appearing in Chapters 31

Required

Using the organization selected, create a budget for the next fiscal year. Set out the details of all assumptions you needed in order to build this budget.

Use the “Checklist for Building a Budget” (Exhibit 16–2) and critique your own budget.

Exhibit 16–2 Checklist for Building a Budget

  • What is the proposed volume for the new budget period?
  • What is the appropriate inflow (revenues) and outflow (cost of services delivered) relationship?
  • What will the appropriate dollar cost be?

(Note: this question requires a series of assumptions about the nature of the operation for the new budget period.)

  • 3a. Forecast service-related workload.
  • 3b. Forecast non-service-related workload.
  • 3c. Forecast special project workload if applicable.
  • 3d. Coordinate assumptions for proportionate share of interdepartmental projects.
  • Will additional resources be available?
  • Will this budget accomplish the appropriate managerial objectives for the organization?