Assignment Exercise 151: Budgeting Select an organization; either Metropolis Health System from the Chapter 25 Case Study or one of the organizations presented in the Mini-Case Studies in Chapters 2628. Required 1. 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. 2. Use the Checklist for Building a Budget (Exhibit 15-2) and critique your own budget. Assignment Exercise 152: Budgeting Find an existing budget from a published source. Detail should be extensive enough to present a challenge Assignment Exercise 153: Transactions outside the Operating Budget Review Figure 15-2 and the accompanying text. Metropolis Health System has received a wellness grant from the charitable arm of an area electronics company. The grant will run for twenty-four months, beginning at the first of the next fiscal year. Two therapists and two registered nurses will each be spending half of their time working on the wellness grant. All four individuals are full-time employees of MHS. The electronics company has only recently begun to operate the charitable organi- zation that awarded the grant. While they have gained all the legal approvals necessary, they have not yet provided the manuals and instructions for grant transactions that MHS usually receives when grants are awarded. Consequently, guidance about separate accounting is not yet forthcoming from the grantor. Required How would you handle this issue on the MHS operating budget for next year? Assignment Exercise 154: Identified versus Allocated Costs in Budgeting Review Figure 15-3 and the accompanying text. Metropolis Health System is preparing for a significant upgrade in both hardware and software for its information systems. As part of the project, the Chief of Information Oper- ations (CIO) has indicated that the Information Systems (IS) department can change the format of the MHS operating budgets and related reports before the operating budget is constructed for the coming fiscal year. The Chief Financial Officer (CFO) has long wanted to modify what costs are identified and what costs are allocated (along with the method of allocation). This is a golden opportunity to do so. To gain ammunition for the change, the CFO is preparing to conduct a survey. The survey will obtain a variety of suggestions for po- tential changes in allocation methods for the new operating budget report formats. You have been selected as one of the employees who will be surveyed Assignment Exercise 161: Capital Expenditure Proposals Ted Jones, the Surgery Unit Director, is about to choose his strategy for creating a capital expenditure funding proposal for the coming year. Teds unit needs more room. The Surgery Unit is running at over 90% capacity. In addition, a prominent cardiology surgeon on staff at the hospital wants to create a new cardiac surgery program that would require extensive funding for more space and for new state-of-the-art equipment. The surgeon has been campaigning with the hospital board members. What should Ted decide to ask for? How should he go about crafting a strategy to justify his request, given the hospitals new scoring system?
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