Business Finance Homework Help

Setting a Budget

All types of organizations offering human services—whether government, for-profit, nonprofit, or mixed (cross-sector)—are defined by their mission. Critical to implementing the mission is the financial or budgetary framework designed to match the goals, objectives, and tasks expected for achieving the mission.

A budget is the first major policy framework for an organization that determines what is functionally possible for the organization to operate. Budgets determine what types and numbers of personnel, travel, communications, and indirect activities (such as accounting, telecommunications, professional development, insurance, and other such organizational needs) will be possible and at what levels of magnitude. In other words, an organization is creatively energized by critical thinking and a strong mission, but it is only able to function if it has the financial resources to match the professional and technical capabilities needed to carry out the mission.

Instructions

For this assignment, create a sample line-item budget for your chosen human services organization. The budget must contain, at minimum, the following elements:

• Income.
• Personnel.
• Consultants.
• Costs of goods and services (such as telephone, software, insurance, and facilities).
• Services (such as client transportation and client meals).
• Miscellaneous support.

Write a narrative about the budget, including the following:

• Define the budget priorities in terms of a chosen organization’s mission.
• Explain the funding relationships between an organization and outside funders.
• State how the budget supports the key strengths and opportunities of a chosen organization.
• Explain how the budget reinforces the effectiveness of an organization.
• Use your readings and outside resources to justify your budget.

Submission Requirements

• Written Communication: Communicate in a manner that is scholarly, professional, respectful, and consistent with expectations for professional practice in human resources. Original work and critical thinking are required as well as scholarly writing. Your writing must be free of errors that detract from the overall message.
• Length: The narrative should be roughly 750 words in length.
• Budget: Present a budget with clear content and in a professional format.
• Number of Resources: Minimum of ten resources.
• APA Guidelines: Format resources and citations according to current APA style and formatting guidelines.
• Font: Times New Roman, 12 point.

Instructions:

Unit 8 Assignment

Posted on: Sunday, May 30, 2021 8:01:01 PM CDT

Hi all,

Reminder: Monday May 31 is a holiday, all due dates shift one day forward this week.

This week you will be creating the budget for your strategic plan. This will be a line-item budget (meaning you need entries for each item needing money, and a budgeted amount for that item). The budget must contain, at minimum, the following elements:

• Income.
• Personnel.
• Consultants.
• Costs of goods and services (such as telephone, software, insurance, and facilities).
• Services (such as client transportation and client meals).
• Miscellaneous support.

You can have more items if needed, but these 6 items must be present.

In addition to the line-item budget, you will also write a narrative about the budget citing at least 10 scholarly resources.

The narrative should include the following:

• Define the budget priorities in terms of a chosen organization’s mission.
• Explain the funding relationships between an organization and outside funders.
• State how the budget supports the key strengths and opportunities of a chosen organization.
• Explain how the budget reinforces the effectiveness of an organization.
• Use your readings and outside resources to justify your budget.

Your submission should be written in APA format (title page, headers, page numbers, citations and references). The narrative should be a minimum of 750 words, the budget should be as many words as necessary to cover the necessary line-items for your budget. A minimum of 10 scholarly resources should be cited within the narrative.

Here are a few sample line-item budgets. You can create your budget in whatever way best fits your strategic plan and organization:

Sample_Line_Item_Budget.xls (iwu.edu)

HANDOUT: Sample Budget (arbetterbeginnings.com)

Budget-Sheet-Artists.pdf (santa-ana.org)

As a reminder, while you may use a published budget for your organization as a resource, you may NOT copy/paste any part of a published budget and submit it as your own work. Your assignment is to create a budget.

As always, please let me know if you have any questions or concerns.

Dr. A

CRITERIA
Present a budget with clear content in a professional format for a chosen human services organization. 20%
Define budget priorities in terms of a chosen organization’s mission. 20%
Explain the funding relationships between an organization and outside funders. 20%
State how a budget supports key strengths and opportunities of a chosen organization. 20%
Explain how a budget reinforces the effectiveness of an organization. 20%

I have attached the paper from 3 weeks ago in unit 5 so you can see the mistakes that were made and how to fix the references part as well when you do this new paper for unit 8