EnEd 4315 – Operations & Management
Assignment #3 – Budget
25 points
The purpose of this assignment is to learn how to read an annual-operational budget, how to design one, and how to analyze
a budget to guide management problem solving through the budget.
Steps for this assignment:
1.
Design two budgets (feel free to use the website budget template):
A. Annual budget that includes the past fiscal year, current year, and projected expenses for the next (future)
fiscal year.
B. Annual budget with a monthly breakdown showing projected expenses vs. revenues by month.
2.
The purpose of this piece is for you to learn trends of revenue generation vs. expenditures within a fiscal year. It
is common that revenues are higher at different
times of the year than when expenses occur.
3.
Be sure to include:
4.
Rationale for your planning when necessary. For example, you may have a big gap in when expenses occur
compared to when revenues are received. You would
briefly explain the reason why you have planned this way so
the reader understands your awareness of the discrepancy versus it being an oversight.
5.
Also, include on each budget page, title, FY, date, and author
* Click on the “budget example” to see how a monthly breakdown works.
**Click on “Monthly Budget Template” to download your monthly budget layout.
For your presentation, be sure to provide rationale for your approach (see past works as examples to this
approach).
ANNUAL OPERATIONAL BUDGET FORM: EnEd 4315: Operations & Management
AGENCY/DEPARTMENT:
Fiscal Year:
Author(s):
Date:
Revenues
A
B
C
D
Prev FY Actual
Funds
Current FY
Projected Funds
Current FY
Actual Funds
Next FY Actual
Funds
Carryforward Balance
Primary Source (hard
funds)
User fees,etc.
Other Income (soft funds)
Total Revenues
Expenses
Payroll - Full-time Staff
Fringe Benefits (30%)
Payroll - Parttime/Seasonal Staff
Fringe Benefits (10%)
Stipends
Total Payroll Expenses
SE&E: (supplies, expenses
& equipment)
Gen. Oper. Suppl. & Serv.
Printing/Photocopy
Postage
Telephone
Travel
Rents/Leases
Equipment
Total SE&E:
Programs (detail attached):
Total Expenses
Ending Balance
$1,000
$1,200
$1,500
$2,000
$10,000
$1,000
$2,000
$2,000
$500
$15,000
$2,400
$10,200
$1,200
$2,400
$2,000
$500
$20,000
$2,600
$10,500
$1,500
$2,600
$2,000
$600
$20,000