Many times when a manager does a budget, they will take the budget for the previous year, and make adjustments to it as necessary for the following year. They also will need to include justification and/or explanations regarding the changes that they have made. That is what you will do in this assignment. You are given a budget for the previous year in the attached spreadsheets, and instructions on how you will adjust the budget for the following year in the attached Word document. You also will need to include a justification and explanation of the changes that you made. Assignment: Create a budget and justify all of your calculations and recommendations. Use the attached documents to complete the assignment. Travel is from CT to where ever the AHIMA Confernce location is Instructions: You will turn in three excel spreadsheet for your proposed budget (these should be completed as separate tabs within one spreadsheet document): Spreadsheet One: listing salaries Spreadsheet Two: a listing that is broken down by month Spreadsheet Three: an annual budget

You typically host lunch for your staff during HIM week in November. You have 12 employees in your department and you usually plan to spend $10.00 per person.

You need to budget for education. You know that you must provide education for your coders to include, at a minimum, FY coding updates (both ICD-10 and CPT). Additionally, your coders need a minimum of 10 CEs a year to maintain their coding certification and the hospital provides that education. (check AHIMAs web site, go to the book store, and check the price of audio seminars. Budget enough to cover the cost for approximately 10 hours)

You have also been advised to make any capital requests at this time. You need a new scanner to scan records needs to be professional model to take the workload. (check the internet, choose a model, see if you can find multiple sites with the same product and compare pricing, attach info to your budget.)

• Based on 2080 hours working a year, what is your departments average hourly rate?
• What is the total average monthly expense for your Department each month?

(total budget / 365 * days in month)

Assignment Instructions:

Create a budget for 2019 and justify all of your calculations and recommendations.

1. You will turn in three excel spreadsheet for your proposed budget (these should be completed as separate tabs within one spreadsheet document):

• Spreadsheet One: listing salaries

• Spreadsheet Two: a listing that is broken down by month

• Spreadsheet Three: an annual budget (see examples provided)

2. You will turn in a Word Document that justifies your expenses for every category in your budget.

3. You will turn in a Word Document that identifies the equipment you would like to purchase, and a justification for that equipment. Attach any product description pages about your selection.

A B 1 PUT THE NAME OF YOUR HOSPITAL HERE 2 HEALTH INFORMATION MANAGEMENT 3 4 ANNUAL BUDGET FOR 2019 5 6 SALARIES $471,040.00 7 EDUCATION $1,200.00 8 MAINTENANCE CONTRACTS $25,000.00 9 REPAIRS $3,500.00 10 FOOD $300.00 11 STORAGE $7,200.00 12 POSTAGE $1,200.00 13 OFFICE SUPPLIES $36,000.00 14 PROFESSIONAL DUES $250.00 15 TRAVEL $1,800.00 16 TOTAL $547,490.00 17 18 AVERAGE HOURLY RATE $18.8 19 20 REVENUE $78,000.00 21