Capitol Budget Proposal Venice Family Clinic
Specifically, the following critical elements must be addressed; however, the following order is not necessarily the order in which you will present:
A. Financial Condition: Describe the overall financial condition of the organization based on financial statements and explain your reasoning.
B. Healthcare Trends: Describe what current healthcare trends influenced your proposal. Could any of these trends impact the organization financially?
C. Proposal Items: List your proposal items and indicate how each one is linked to the organizational mission, vision, and values. You might need to infer the vision or values based on the information provided in the organization’s annual reports, website, etc.
D. Organizational Strategic Goals:
How will your proposal further the strategic goals of your department and/or organization as a whole? You
might need to infer the strategic goals based on the information provided in the organization’s annual reports, website, etc.
A. Options: What options are available for each item in your budget proposal? You will want to have various options ready that will meet your needs because one option may not be approved by your supervisor or board, but another option may better fit their needs.
B. Financial Research: Describe the cost-benefit of each option based on relevant information and research. Information and research can include research on the items or vendors, organizational numbers, price quotes, and more. Be sure to provide relevant documentation in an appendix or reference slide (e.g., sources for the cost of the items in your proposal, company resources, and financial calculations) to show the depth of your
research and the various options available.
C. Organizational Resources: Identify what resources would be needed to implement one of the options in your proposal (e.g., support from information technology, accounting, janitorial, volunteers).
D. Communication: What method of communication would be used to notify departments across the organization, and what methods would be used throughout proposal implementation? Justify the appropriateness of your suggestions.
A. Statements: What statements were utilized for formulating your proposal? Why? Select the appropriate statements for analysis and defend your choices.
B. Expenses: What major expenses are associated with your proposal items, and what budgetary accounts are impacted?
C. Reasoning: Based on the previous year’s budget data, why did you select these budget items for adjustment over other options?
D. Ratios: Research the various ratio options (including ROI) used for reviewing financial statements. Determine what ratios you will use for your
proposal items and explain why.
E. Ratio Calculations: Using budget statements, formulate calculations that support each recommendation.
F. Projected Departmental Budget: Create a projected departmental budget for the upcoming year that incorporates the costs of the proposed changes.
IV. Impacts and Justification
A. Short-Term Impact: What short-term impact will this request have on the overall financial statements used for decision making and on financial planning?
B. Long-Term Impact: What long-term impact will this request have on the overall financial statements used for decision making and on financial planning?
C. Cost-Benefit: What is the percentage increase in financial need? How does this balance with the potential value added by your requests? What is the cost-benefit of these requests?
D. Strategic Planning: Provide an explanation for each budget request in your proposal, taking into consideration strategic plans. How do your budget requests show strategic planning and forethought?
E. Conflicts: Describe the strategic impact and any potential ways in which your recommendations might conflict with the overall strategic vision.