HSM 220 Week 6 Appendix C - Creating a Budget (All Questions Answered) | A+ work - 25355

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Various budget approaches play an important role in resource allocation in human service organizations. You are the executive director for a local government workforce agency that focuses on providing career- and work-related skills. The Department of Education has awarded your agency with grant funding of $1.6 million to provide training programs to high school dropouts. The funded programs are a basic work skills training program and a vocational program. You are preparing a budget matrix to present to the awarding agency. The matrix budget consists of line-item, functional, and program budgets.

 

Operating Expenses:

Per Year

Rent

 

$125,000

 

Utilities

 

$100,000

 

Office supplies

 

$25,000

 

Equipment/lease

 

$50,000

 

Transportation and travel

 

$100,000

 

Outside consultants

 

$100,000

 

Overhead costs

 

$100,000

 

 

Personnel expenses:

Annual Salary

Number of FTEs

Executive director

 

$100,000

 

1

Training supervisor

 

$80,000

 

1

Trainers

 

$50,000

10

Administrative coordinator

 

$45,000

1

Administrative staff

 

$25,000

3

Employee-related benefit expenses @ 25%

 

$200,000

 

 

All costs excluding the salary of the executive director and training supervisor will be allocated according to this formula:

 

60% to basic skills program

40% to vocational program

 

Number of eligible students: 1,000

 

Use the information above to create each of the following:

 

1.   A line-item budget table showing all associated costs implementing the training programs.

2.   A combined functional and program budget to calculate all costs per enrolled student.

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HSM 220 Week 6 Appendix C - Creating a Budget (All Questions Answered).doc
HSM 220 Week 6 ...