Budget Reporting Paper

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Budget Report As a prerequisite to writing my budget reporting paper, I interviewed Mrs. Dalina McGee, R.N., who’s a nurse manager of the medical unit at McAlester Regional Health Center. Mrs. McGee has been a manager for the unit for two corresponding year while also managing two the manager for two other units in the hospital, which are rehab and geriatric psych. As a nurse manager for the three units in this hospital, Mrs. McGee has assumed to train and educate her staff nurses, recruit and hire, coordinate patient care and manage department budgets. As her role in budgeting, she prepares a budget, collect data, plan activities and services, implement the plan and evaluate the outcomes. She also responsible to ensure that expenses stay …show more content…

McGee, includes tracking monthly performance relative to plans and targets. In terms of steps, it is the most important thing to develop a plan that forecast the cost needed to run the department. The budgeting process is planned for each fiscal year. Each department manager looks at last year expenses, needs, and wants. In this facility, a nurse manager in each department plans for a three year plan regarding priority of requested items. The chief financial officer then takes each department planned expenses and prepares a budget. In budgeting, a nurse manager is responsible for staffing needs and salaries, education needs expense, equipment that needs replaces or will need to be replaced, patient care needs and supplies, as well as any staffing needs. A nurse manager reviews expenses each month to ensure the budgets are on track, and that charges are correct. Types of Budgets There are mainly two types of budgets that a nurse manager deals with in this facility, a capital budget and an operating budget. The capital budget includes all long term acquisitions. It is continuing and multi-year. It is used when assets, equipment such as vital signs machines, are purchased or invested to the departments. The operating budget includes department daily needs, personnel, and supplies. It is for a period of a year. It is used when expenses are spend in staff, activities, and supplies in the

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