Page 1 : Principles and Practice of Nursing Management and Administration, Forecast or Statistical Budget, , Non financial budget, , * Direct labour budget, , ¢ Material budget, , Production budget, , * Advertising budget, , Fixed Vs variable/flexible budget, open ended budget, |. Historical Vs Forecast/statistical budget, Trended budget, . On the basis of period of their coverage, , Annual budget, , Long term budget, , Current budget, , Rolling budget, , On the basis of financial position, , * Balance budget, , ° Deficit budget, , ¢ Surplus budget, , Let us discuss the important types of budgets:, , as, , Capital Expenditure Budget, , This type of budget includes the purchases of land, buildings, a, major equipment of considerable expense and life long., Operating Budget, , It includes the cost of supplies, minor equipment repairs, and, overhead expenses, Manpower or Direct Labour House, , The wages and salaries paid to regular institutional employees, are included under this type of budget., , Fixed Budget, , This refers to those components of budgets that will not vary, regardless of changes in patient census or number of procedures., , , , , , , , , Variable or Flexible Budget, fers to those components of budget that will determine how, the budget should fluctuate, based on those changes in the, , ber of procedures or unit of activity., , , , ich each ‘operating manager presents a, , , , , , , This type of budget is developed by establishing a je,, anticipated activity based on historical or other data such a,, , or gain of specific program., , el of, iS logs, , Trended Budget, Trended budget is one that is developed based on the Previous, , year's expenditure pattern. If a specific percentage of expenses, occurs in a particular months, the budget will be developed, , using those trends to spread expenses., , Zero based Budgets, udgets that do not utilize any historical data, , xpenses anticipated. All the expenses, ctation or desires for the upcoming, , It is one of the bi, determine activity level or e, are justified based on expe, , year., Revenue and Expense Budget, , Itis expressed in financial terms and takes the nature of proforma, income statement for the future. It shows items of profit and loss, , under classified headings., , Roll over Budget, , It is one that forecast programme, revenue and expenses for a, period greater than a year, to accommodate programme that are, , larger than annual budget cycle., , Cash Budget, , This is prepared by way projecting possible cash receipts and, payments over budget period, , Program Budget, , It is one where costs are computed for a total programme., , Performance Budget, , It is based on functions such as direct nursing care, supervision,, in service education, nursing audit and so on., , Time, Space, Material and Product Budgets, , These budgets are expressed in quantities rather than in monetaty, terms. These budgets are translated into monetary terms., , BUDGETING :, Definitions :, is the heart of administrative management, serves, , powerful tool of coordination and negatively, a", eliminating duplication and wastage.