For your chosen service or health facility prepare a budget for this new service or project suitable to the NepeanBlue Mountains Local Health District. Prepare this in a report format as discussed in class and as outlined on thevUWS website. A template has been provided on the vUWS online learning platform to assist with this task.1. Remember that outputs as well as financial data are required.2. In preparing the budget, students should show the build-up of the budget from a zero base including allsignificant line items.3. A contingency plan must be included (what happens if desired funding is not available to the optimal leveldesired) with at 10% less than the optimal budget. Show deletions and cost cutting measures.4. Include a financial activity analysis and a break-even analysis chart to show at what level of activity theservice ’breaks even’. In the public sector this means to come in on budget rather than make a profit.You will be assessed on the following:– Rationale/justification for a new service.– Application of zero based budgeting principles.– Understanding of activity/output requirements.– Feasibility and accuracy of the break-even analysis.– Quality, feasibility and relevance of performance criteria.– Writing skills.
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