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xecution, , Ministry of finance of budget, , budget division, , Budget preparation, by, , estimating authority, , Scrutiny, , , , , , , departments, , , , , , , , , , , , , , , , , , , , , , = Discussions, Examination and, Concerned by a approval of, ministries 4 financial |_¢_| secy. min. of, advisers fin/finance, minister, , , , , , , , , , Finance Informal, minister 4 i, meetings with, Oe organisations, Pca [-—+——_|__ convened, , , , , , Debates: Voting, , , , , , , Presentation on demands for, ; to |_«——_|_ grants, passing, parliament of appropriation, , and finance bills, , , , , , , , , , Figure 63.8: Budget process, , Passing of Finance Bill, * Having authorized nditure Parliament must then approve, the raising of the ees revenue. This is done through the, , Bill., approval of the Finance :, * Budget is approved with the passing of finance bill., , NURSING BUDGET, Meaning _ sal *, { , at is . ion of resources based, , —- here cles Tories of programs t0 deliver, , , , , , , , , , , , , , OO, , expenses. Nursing budget projects how revenues will meet, expenses and it projects a return on equity that is profit., , Advantages of Nursing Budgeting, , Budgeting can be strong support for developing written, objectives for the nursing divisions and for each of its units., It provides motivation for effective planning and standard by, which to evaluate the performance of nurse managers., Managing the financial end of nursing through an operational, budget obviously can create a new sense of involvement for, nurses., , Effective planning provides for contingencies by indicating, which progress or activities can be reduced or eliminated if, budget goals are not met., , * Nursing budget plan ensure that clients receive the nursing, services from satisfied nursing staff., , Steps of Nursing Budgeting, , There are main 8 steps in nursing budgeting:, , 1. Determine the productivity goals. The director of nursing, service and the nurse manager determine the unit’s, productivity goal for the coming fiscal year., , 2. Forecast the workload the number of patient days expected, on each nursing unit for the coming fiscal year is calculated., , 3. Budget patient care hours the expected number of hours., devoted to patient care for the forecasted patient days is, calculated., , 4. Budget patient care hours and the staffing schedules. The, budgeted patient care hours. are reflected in recommended, staffing schedule by shift and by day of the week., , 5, Plan non productive hours and productive hours are, budgeted for the coming year., , 6. To aid in the planning process, a graph is used to show, nurses and the level of forecasted patient days and therefore, the staff requirement are expected to increase or decrease, during the year, considering educational activities., , 7. Estimate costs and supplies and services. The supplies and, services to be purchased for the year are budgeted., , 8. Anticipate capital expenses. The expected capital investment, for the coming year is included in the budget., , These 8 steps results in a proposed budget that goes to the, nursing administration for review:, , After preliminary acceptance, the budget is sent to the, accounting department, where the forecasted patient days are, translated into expected revenue. The budget productive and, non productive time are converted into money, as are the costs, for supplies, services and other operating expenses that will be, allocated to a given unit for the coming year., , A Performa operating statement is then returned to director of, nursing for review with the nurse managers. Once the director of, nursing and the nurse manager accept the budget then it is, returned to the accounting department and forwarded to the rest, of the agency manager's budgets to administration and the board, of director. ‘ :, , , , LINQ., , 6