Budget Making : Big Country Regional - Report Writing

Internal Code : MAs6071

Report Writing

Budget Making Big Country Regional (BCR) Hospital provides a diverse range of acute, rehabilitation and related health services in a modern and well equipped and well positioned hospital in regional Victoria.  BCR has a professional team including doctors, nurses, allied health and administrators providing progressive and professional health care allowing patients the best care possible whilst remaining close to home. As a regional health care provider, BCR provides as many services as possible including surgery, rehabilitation, radiology, pharmacy, allied health services and administration which includes human resources and a finance department. This regional health care provider is wishing to maintain as many services as possible and consider new initiatives which will assist BCR remaining financially responsible with forthcoming budget cuts.  In addition to these expected budget costs, BCR will need to make a number of changes to staff due to the current Enterprise Bargaining Agreement (EBA) and further expected cost changes. BCR’s board of management has agreed that through the updating of some key pieces of furniture and fitting items they will be able to record costs or increase income in the long term.  The funding for these furniture and fittings update will be provided from current retained earnings rather than being funded from current operations. Questions : 1.negotiate with other members of your group in this module's discussion forum on how you would revise your departmental budget that results in a net BCR result which meets the requirements of the BCR's board of management. 2.update your department's budget in the appropriate sheet based on the negotiation outcomes with other group members. Upon revising your departmental budget in the group excel spreadsheet, copy your budget across to a separate excel spreadsheet for submission; 3.prepare 300-500 word report individually to discuss your proposed budget amendments which may impact revenues, expenses and assets so that the overall result of your department and BCR meet the BCR's Board of Management Guidelines.