Operating Budget

Description Preparation You are the nurse manager of a 35-bed hospital unit with 20 full-time equivalent (FTE) staff. You have been given the task of getting the budget under control. Several people have recently left the unit, and you have been working to fill those open positions. Your staff work scheduled overtime and many sign up to work extra shifts. Your unit serves an older population, as well, and has incurred expenses associated with this group of patients. Requirements Note: The following requirements correspond to the grading criteria in the assessment scoring guide. Be sure that your budget addresses each point, at a minimum. You may also want to read the Guiding Questions: Preparing and Managing an Operating Budget , linked in the Resources under the Suggested Resources heading, to better understand how each criterion will be assessed. Prepare and submit an operating budget for your hospital unit. -Prepare the operating budget. Note: Assemble your budget figures in a table, using a format of your choice. You may use either Microsoft Word or Excel to create your budget table. -Explain how the budget was designed and created. -Develop a strategic plan. -Develop an approach to ongoing budget management. -Present budget data and information clearly and accurately. -Integrate relevant and credible sources of evidence to support your budget data and information, correctly formatting citations and references using current APA style.

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