Budget proposal

Home>Homework Answsers>Nursing homework helpprogrambudgetPlease follow all direct2 years ago14.08.202315Report issuefiles (2)ModuleFiveProjectPreparationGuidelinesandRubric-IHP-670-Q5576ProgDesig.pdfIHP670ProposedProgramBudgetTemplate.xlsxModuleFiveProjectPreparationGuidelinesandRubric-IHP-670-Q5576ProgDesig.pdfIHP 670 Module Five Project Preparation Guidelines and RubricOverviewThus far, you have identified a health or healthcare problem and completed your needs assessment for this program. You decided to use the logic model for your program planning and havealready started building the model.Now, you must plan the budget for your program. Budgeting is the process of creating a plan that shows when the money will be spent, why it will be spent, and whether it will be covered byincome from a funding source. No matter what the need for a program is, it requires a well-planned budget. Without a well-estimated, pre-approved budget, no program can move forward.In this assignment, you will fill in the Proposed Program Budget Template provided for your program with appropriate figures and then give the rationale for your budget estimations. Beforeyour program plan can be implemented, your senior management needs to know the costs associated with the in-house and acquired resources for the first 12 months of your program, thecosts incurred once, and the ongoing expenses. They also need you to determine the expected sources of program income, which may include revenue from billing, savings, donations, or grantfunding, along with the amount expected from each source. You will provide the estimated program budget to your senior management to help them make financial decisions related to yourprogram.PromptFill out your proposed first-year program budget, and write a reflection on the items you included in the budget, as well as their estimated costs or revenues.Specifically, you must address the following rubric criteria:1. Purpose of the Budget: Purpose of the Budget: Describe the purpose of your program budget, along with your approach toward budgeting.2. Resource Costs: Resource Costs: Estimate the resource costs for your program, including the in-house and acquired resources for 12 months, and explain why these resources are essential for theprogram. Consider the following questions to guide your response:How would you differentiate between in-house and acquired resources?Which calculations would you use to estimate resource costs for 12 months?3. One-Time Costs:One-Time Costs: Determine the one-time costs for your program, and describe why this calculation is important for estimating the program budget. Consider the following question toguide your response:Which resources would you include under the one-time costs? Provide a rationale for each inclusion.4. Ongoing Costs: Ongoing Costs: Determine the components of ongoing costs you would list under this category. Consider the following questions to guide your response:Which resources would you include under ongoing (continuing) costs? Provide a rationale for each inclusion.5. Expected Sources of Income, Savings, and Funding: Expected Sources of Income, Savings, and Funding: Determine the expected income, savings, and/or funding sources for your program, and describe how they meet yourexpense needs. Consider the following questions to guide your response:Which types of funding would you prefer for your program and why?Would the program’s income sustain your program into the second year?Note that all the claims in your deliverable should be evidence based. Your citations should be from your independent search for evidence (not from the scenario, textbook, or moduleresources) of credible sources and be current within the last five years. You are required to cite a minimum of one source overall. Refer to the Shapiro Library Guide: Nursing—Graduatelocated in the Start Here section of the course for additional support. If you need writing support, access the Online Writing Center through the Academic Support module of your course.What to SubmitYour submission should include both your completed Proposed Program Budget Template Excel and a 2- to 3-page Word document with your reflection. Also include a title page. Use 12-pointTimes New Roman font, double spacing, and one-inch margins. Sources should be cited according to APA style.Module Five Project Preparation RubricCriteriaCriteria Exemplary (100%)Exemplary (100%) Proficient (90%)Proficient (90%) Needs Improvement (70%)Needs Improvement (70%) Not Evident (0%)Not Evident (0%) ValueValuePurpose of BudgetPurpose of Budget Exceeds proficiency in anexceptionally clear andinsightful manner, usingindustry-specific languageDescribes the purpose of thebudget for the program andshares a brief description of theapproach toward budgetingShows progress towardproficiency, but with errors oromissionsDoes not attempt criterion 15Resource CostsResource Costs Exceeds proficiency in anexceptionally clear andinsightful manner, usingindustry-specific languageEstimates resource costs forthe program, including in-houseand acquired resources for 12months, and explains why theseShows progress towardproficiency, but with errors oromissionsDoes not attempt criterion 158/14/23, 1:12 PM
Page 1 of 2resources are essential for theprogramOne-Time CostsOne-Time Costs Exceeds proficiency in anexceptionally clear andinsightful manner, usingindustry-specific languageDetermines one-time costs forthe program and describes theirimportance in program budgetestimationShows progress towardproficiency, but with errors oromissionsDoes not attempt criterion 15Ongoing CostsOngoing Costs Exceeds proficiency in anexceptionally clear andinsightful manner, usingindustry-specific languageDetermines components ofongoing costs that need to belisted under this categoryShows progress towardproficiency, but with errors oromissionsDoes not attempt criterion 15Expected Sources ofExpected Sources ofIncome, Savings, andIncome, Savings, andFundingFundingExceeds proficiency in anexceptionally clear andinsightful manner, usingindustry-specific languageDetermines expected income,savings, and/or funding sourcesfor the program and describeshow they meet expense needsShows progress towardproficiency, but with errors oromissionsDoes not attempt criterion 15Articulation of ResponseArticulation of Response Exceeds proficiency in anexceptionally clear andinsightful mannerClearly conveys meaning withcorrect grammar, sentencestructure, and spelling,demonstrating anunderstanding of audience andpurposeShows progress towardproficiency, but with errors ingrammar, sentence structure,and spelling, negativelyimpacting readabilitySubmission has critical errors ingrammar, sentence structure,and spelling, preventingunderstanding of ideas10Professional SourcesProfessional Sources Incorporates more than oneprofessional, current (withinthe last five years) source, oruse of source is exceptionallyinsightfulIncorporates one professional,current (within the last fiveyears) source that supportsclaimsIncorporates one source that isnot professional, not current(within the last five years), ordoes not fully support claimsDoes not incorporate sources 10APA StyleAPA Style Formats in-text citations andreference list according to APAstyle with no errorsFormats in-text citations andreference list according to APAstyle with fewer than fiveerrorsFormats in-text citations andreference list according to APAstyle with five or more errorsDoes not format in-textcitations and reference listaccording to APA style5Total:Total: 100%8/14/23, 1:12 PM
Page 2 of 2IHP670ProposedProgramBudgetTemplate.xlsxIHP 670 Proposed Program BudgetIHP 670 Proposed Program Budget TemplateComplete this template by replacing the bracketed text with the relevant information.Course[Insert text.]Program Name[Insert text.]Program Planner[Insert text.]Volume ProjectionsYearTotal visitsIncreaseAverage increase/year[Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.]Projected Total Visits for 2021[Insert text.]Projected total is Total visits for prior year (2020) increased by Average increase/yearExpensesPeopleStaff by position (RN, Biller, Coder, etc.)Cost/hourHours/dayHours/yearTotal annual costBenefitsBenefit costTotal Cost For One PositionNumber of Positions NeededTotal Cost[Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.]$0.00[Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.]$0.00[Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.]$0.00[Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.]$0.00[Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.]$0.00[Insert text.][Insert text.]EquipmentEquipmentCost per itemOne-time cost (Yes/No)Annual cost to operate/maintain equipment[Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.]Total Cost$0.00SpaceRental cost per yearRenovation cost[Insert text.][Insert text.]SuppliesItemAnnual cost[Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.]Program ExpensesTotal one-time expenses for equipmentTotal annual operating expenses (people, space, annual equipment costs, supplies)[Insert text.][Insert text.]RevenueAnnual earned revenue from billingAnnual saved revenueExpected donations for equipment, space renovationExpected grant income (please note available grants and sponsoring organizations)[Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.]ProfitabilityNote revenue and income total not including donationsSubtract all operating expensesIs this program sustainable?[Insert text.][Insert text.][Insert text.]Note: Donations are money or gifts of things, donated by an individual, family, or trust, that are intended to be used for a charitable purpose. Per the donation regulations applied to healthcare organizations, only 5% of a donation may be used to fund operating expenses on an annual basis. For example, if the Smith family donated $100,000 to a nonprofit healthcare organization, only $5,000 of that donation could be spent annually on whatever purpose the Smith family designated for the gift. However, the full amount of a donation can be used to purchase equipment or to purchase or renovate space, with the donor’s consent. Equipment maintenance is an ongoing cost and cannot be funded by donations, except via the 5% rule. People, staff, supplies, and rental costs cannot be funded by donations except through the 5% rule. The rules regarding the use of donations are much more limiting for for-profit organizations vs. nonprofit organizations.

Grants are very specific about what will and will not be covered. They require a written grant request or proposal that specifically states how the money will be used. Once a grant is awarded, the receiving organization must show proof that the money was used as directed by the grantor and as stated in the grant application. Grants are usually time sensitive and often nonrenewable. Most are designed to help initiate a program, not to sustain a program.ModuleFiveProjectPreparationGuidelinesandRubric-IHP-670-Q5576ProgDesig.pdfIHP 670 Module Five Project Preparation Guidelines and RubricOverviewThus far, you have identified a health or healthcare problem and completed your needs assessment for this program. You decided to use the logic model for your program planning and havealready started building the model.Now, you must plan the budget for your program. Budgeting is the process of creating a plan that shows when the money will be spent, why it will be spent, and whether it will be covered byincome from a funding source. No matter what the need for a program is, it requires a well-planned budget. Without a well-estimated, pre-approved budget, no program can move forward.In this assignment, you will fill in the Proposed Program Budget Template provided for your program with appropriate figures and then give the rationale for your budget estimations. Beforeyour program plan can be implemented, your senior management needs to know the costs associated with the in-house and acquired resources for the first 12 months of your program, thecosts incurred once, and the ongoing expenses. They also need you to determine the expected sources of program income, which may include revenue from billing, savings, donations, or grantfunding, along with the amount expected from each source. You will provide the estimated program budget to your senior management to help them make financial decisions related to yourprogram.PromptFill out your proposed first-year program budget, and write a reflection on the items you included in the budget, as well as their estimated costs or revenues.Specifically, you must address the following rubric criteria:1. Purpose of the Budget: Purpose of the Budget: Describe the purpose of your program budget, along with your approach toward budgeting.2. Resource Costs: Resource Costs: Estimate the resource costs for your program, including the in-house and acquired resources for 12 months, and explain why these resources are essential for theprogram. Consider the following questions to guide your response:How would you differentiate between in-house and acquired resources?Which calculations would you use to estimate resource costs for 12 months?3. One-Time Costs:One-Time Costs: Determine the one-time costs for your program, and describe why this calculation is important for estimating the program budget. Consider the following question toguide your response:Which resources would you include under the one-time costs? Provide a rationale for each inclusion.4. Ongoing Costs: Ongoing Costs: Determine the components of ongoing costs you would list under this category. Consider the following questions to guide your response:Which resources would you include under ongoing (continuing) costs? Provide a rationale for each inclusion.5. Expected Sources of Income, Savings, and Funding: Expected Sources of Income, Savings, and Funding: Determine the expected income, savings, and/or funding sources for your program, and describe how they meet yourexpense needs. Consider the following questions to guide your response:Which types of funding would you prefer for your program and why?Would the program’s income sustain your program into the second year?Note that all the claims in your deliverable should be evidence based. Your citations should be from your independent search for evidence (not from the scenario, textbook, or moduleresources) of credible sources and be current within the last five years. You are required to cite a minimum of one source overall. Refer to the Shapiro Library Guide: Nursing—Graduatelocated in the Start Here section of the course for additional support. If you need writing support, access the Online Writing Center through the Academic Support module of your course.What to SubmitYour submission should include both your completed Proposed Program Budget Template Excel and a 2- to 3-page Word document with your reflection. Also include a title page. Use 12-pointTimes New Roman font, double spacing, and one-inch margins. Sources should be cited according to APA style.Module Five Project Preparation RubricCriteriaCriteria Exemplary (100%)Exemplary (100%) Proficient (90%)Proficient (90%) Needs Improvement (70%)Needs Improvement (70%) Not Evident (0%)Not Evident (0%) ValueValuePurpose of BudgetPurpose of Budget Exceeds proficiency in anexceptionally clear andinsightful manner, usingindustry-specific languageDescribes the purpose of thebudget for the program andshares a brief description of theapproach toward budgetingShows progress towardproficiency, but with errors oromissionsDoes not attempt criterion 15Resource CostsResource Costs Exceeds proficiency in anexceptionally clear andinsightful manner, usingindustry-specific languageEstimates resource costs forthe program, including in-houseand acquired resources for 12months, and explains why theseShows progress towardproficiency, but with errors oromissionsDoes not attempt criterion 158/14/23, 1:12 PM
Page 1 of 2resources are essential for theprogramOne-Time CostsOne-Time Costs Exceeds proficiency in anexceptionally clear andinsightful manner, usingindustry-specific languageDetermines one-time costs forthe program and describes theirimportance in program budgetestimationShows progress towardproficiency, but with errors oromissionsDoes not attempt criterion 15Ongoing CostsOngoing Costs Exceeds proficiency in anexceptionally clear andinsightful manner, usingindustry-specific languageDetermines components ofongoing costs that need to belisted under this categoryShows progress towardproficiency, but with errors oromissionsDoes not attempt criterion 15Expected Sources ofExpected Sources ofIncome, Savings, andIncome, Savings, andFundingFundingExceeds proficiency in anexceptionally clear andinsightful manner, usingindustry-specific languageDetermines expected income,savings, and/or funding sourcesfor the program and describeshow they meet expense needsShows progress towardproficiency, but with errors oromissionsDoes not attempt criterion 15Articulation of ResponseArticulation of Response Exceeds proficiency in anexceptionally clear andinsightful mannerClearly conveys meaning withcorrect grammar, sentencestructure, and spelling,demonstrating anunderstanding of audience andpurposeShows progress towardproficiency, but with errors ingrammar, sentence structure,and spelling, negativelyimpacting readabilitySubmission has critical errors ingrammar, sentence structure,and spelling, preventingunderstanding of ideas10Professional SourcesProfessional Sources Incorporates more than oneprofessional, current (withinthe last five years) source, oruse of source is exceptionallyinsightfulIncorporates one professional,current (within the last fiveyears) source that supportsclaimsIncorporates one source that isnot professional, not current(within the last five years), ordoes not fully support claimsDoes not incorporate sources 10APA StyleAPA Style Formats in-text citations andreference list according to APAstyle with no errorsFormats in-text citations andreference list according to APAstyle with fewer than fiveerrorsFormats in-text citations andreference list according to APAstyle with five or more errorsDoes not format in-textcitations and reference listaccording to APA style5Total:Total: 100%8/14/23, 1:12 PM
Page 2 of 2IHP670ProposedProgramBudgetTemplate.xlsxIHP 670 Proposed Program BudgetIHP 670 Proposed Program Budget TemplateComplete this template by replacing the bracketed text with the relevant information.Course[Insert text.]Program Name[Insert text.]Program Planner[Insert text.]Volume ProjectionsYearTotal visitsIncreaseAverage increase/year[Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.]Projected Total Visits for 2021[Insert text.]Projected total is Total visits for prior year (2020) increased by Average increase/yearExpensesPeopleStaff by position (RN, Biller, Coder, etc.)Cost/hourHours/dayHours/yearTotal annual costBenefitsBenefit costTotal Cost For One PositionNumber of Positions NeededTotal Cost[Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.]$0.00[Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.]$0.00[Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.]$0.00[Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.]$0.00[Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.]$0.00[Insert text.][Insert text.]EquipmentEquipmentCost per itemOne-time cost (Yes/No)Annual cost to operate/maintain equipment[Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.]Total Cost$0.00SpaceRental cost per yearRenovation cost[Insert text.][Insert text.]SuppliesItemAnnual cost[Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.]Program ExpensesTotal one-time expenses for equipmentTotal annual operating expenses (people, space, annual equipment costs, supplies)[Insert text.][Insert text.]RevenueAnnual earned revenue from billingAnnual saved revenueExpected donations for equipment, space renovationExpected grant income (please note available grants and sponsoring organizations)[Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.][Insert text.]ProfitabilityNote revenue and income total not including donationsSubtract all operating expensesIs this program sustainable?[Insert text.][Insert text.][Insert text.]Note: Donations are money or gifts of things, donated by an individual, family, or trust, that are intended to be used for a charitable purpose. Per the donation regulations applied to healthcare organizations, only 5% of a donation may be used to fund operating expenses on an annual basis. For example, if the Smith family donated $100,000 to a nonprofit healthcare organization, only $5,000 of that donation could be spent annually on whatever purpose the Smith family designated for the gift. However, the full amount of a donation can be used to purchase equipment or to purchase or renovate space, with the donor’s consent. Equipment maintenance is an ongoing cost and cannot be funded by donations, except via the 5% rule. People, staff, supplies, and rental costs cannot be funded by donations except through the 5% rule. The rules regarding the use of donations are much more limiting for for-profit organizations vs. nonprofit organizations.

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