The base budget is the amount of money that is funded for the current year. However, thisamount may not be the correct amount for future years for many reasons, such as one-time ordeferred expenses in the current year. Typically, the base budget is converted to a baseline bud-get by adjusting for special conditions. This primarily consists of removing funds for one-timeexpenditures and expired programs; annualizing partial-year funding; updating salary and bene-fits; and, in some jurisdictions, adjusting for inflation. It may also be necessary to estimate non-discretionary increases or decreases in service levels on the basis of factors such as increases inpopulation to be served or changes in federal or state mandates.Assignments1. Nonpersonnel expenses: You have been tasked with computing baseline budget targetsfor the upcoming budget cycle. Using Table 12.2 as your starting point, make the followingadjustments:(a) Solar panels have been installed with an expected 5% decrease in utility cost, for a savingsof about $7,611.120TM FOR THE USE OF GRAND CANYON UNIVERSITY STUDENTS AND FACULTY ONLYNOT FOR DISTRIBUTION SALE OR REPRINTING.ANY AND ALL UNAUTHORIZED USE IS STRICTLY PROHIBITED.Copynght © 2015 by SAGE PETERMINING THE BASELINE BudGeT(b) The inspection program was started in FY 2014 andhad funding for three fourths of the year. All of the Nonpersonnel Expensesstart-up costs were incurred in EY 2014. The annual-ized value of the inspection supplies for the remain-ing one fourth of the year is $81,899.(c) Inflation is expected to be 2% except for utilities,which will see no increase, and for leased space,which by contract will have a 3% inflationary increase.(d) The number of service units will not change.(e) All departments are expected to achieve a 1%improvement in efficiency on all lines of cost and inall programs.() Budget baselines are not given out with cents, soround to the nearest dollar.TABLE 12.2Expense TypeFY 20General SuppliesUtilitiesLeased SpaceFuelInspection SuppliesInspection Start-upTotal Nonpersonnel$ 6915272050327y 125$ 1,444TABLE 12.3Personnel Expenses2. Personnel expenses: You have been tasked with com-puting baseline budget targets for the upcoming budgetcycle. Using Table 12.3 as your starting point, make the fol-lowing adjustments:Expense TypeFYSalariesFixed BenefitsVariable Benefits$1,500534262$ 2,297(a) All employees are expected to receive a 3% cost-of-living increase in the next year.Total NonpersonnelFTE5.(b) The fixed benefit rate will increase by $12.50 per full-time equivalent (FTE) employee. There are 50 FTES.(c) The variable benefit rate will increase by 1.25% for allemployees in the next year.TABLE 12.4Syracuse Mobile Health Unit BudgCurrent-Y(d) Budget baselines are not given out with cents, soround to the nearest dollar.Expense TypeBudgetNurse Practitioner SalaryDriver and Health Aide SalaryBenefitsVan Costs (Gas/Maintenance/Insurance) $12,000Medical Supplies$65,000$45,00020% of sa3. What is the total computed baseline for thisdepartment?4. The Syracuse Mobile Health Unit has the budgetshown in Table 12.4:$9,000(a) What is the base budget?(b) What is the baseline budget for next year, assuming a 3% increase in NPS and a 4%increase in salaries?(c) Now assume that there is another part-time nurse practitioner who earns $30,000 in thecurrent fiscal year and that starting in the new fiscal year, this individual will be a full-timenurse practitioner with a starting salary of $60,000. What is the base budget? What is thebaseline budget?Additional ReadingsBland, R. L. (2007). A budgeting guide for local government (2nd ed.). Washington, DC: ICMAPress.Hildreth W B& Miller G (100G)Rebin I

Below is adjustment made in expense s mentioned :- Non Personal Expenses - Expense Type FY 14…

The Dase budget is the amount may not be the deferred expenses in th get by adjusting for sp- expenditures and expir fits; and, in some jurisc discretionary increases population to be servec Assignments 1. Nonpersonnel e for the upcoming bud adjustments: (a) Solar panels ha of about $7,611 120

The Dase budget is the amount may not be the deferred expenses in th get by adjusting for sp- expenditures and expir fits; and, in some jurisc discretionary increases population to be servec Assignments 1. Nonpersonnel e for the upcoming bud adjustments: (a) Solar panels ha of about $7,611 120

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Please dont provide solution image based thanx
at the end of the 2023 fiscal year the general fund had $500 in encumbrances that remained opened into fiscal year 2024. In 2024 the encumbered goods were received at an invoiced cost of $520. How much would be recorded as the 2024 expenditure?
A Record the gross charges for patient services, all charged to Patient Accounts Receivable, amounting $1,675,000. B Record the estimated contractual adjustments for patient services with third-party payors amounting $405,000. C Record the hospital estimated implicit price concessions would total $35,000. D Charity services, not included in transaction 1, would amount to $66,000 had billings been made at gross amounts. E Other revenues received in cash were parking lot, $20,000; cafeteria, $35,000; gift shop, $5,000. F Record the cash gifts restricted by the donor for programs amounting $32,000 for the year. G Record the $50,000 technician salaries supporting the program. H Record the reclassification of assets in satisfaction of program restrictions. I Mortgage bond payments amounted to $50,000 for principal and $28,000 for interest. Assume unrestricted resources are used. J During the year, the hospital received, in cash, unrestricted…
Font Paragraph Styles 6. Assume you are the chief administrator of a small healthcare facility and are comparing the actual cost to the budgeted cost. Prepare a Comparative Analysis of Actual to Budget and write a brief paragraph on how you believe this unit performed during the year. 2021 Actual Difference 2020 Budget Dollars Dollars Dollars Maintenance Expense $300,000.00 $450,000.00 Dietary Expense $615,000.00 $645,000.00 General Services $21,500,000.00 ? $21,200,000.00 ? Supply Expense Total $5,500,000.00 $6,150,000.00
Please Explain Proper Step by Step and Do Not Give Solution In Image Format And Fast Answering Please Thanks In Advance ?
accounting question
Please do not give image format