ATF Budget

Question 1

What is a budget?

Answer 1

a financial plan of operation that commits resources for projects, programs or activities that specifies to be provided and the resources that must be spent to achieve those specific resources

Question 2

Budget concerns

Answer 2

-size of budget
-different settings (different size budgets for space allocations)
-equipment needs and supplies for setting

Question 3

Types of budgets

Answer 3

-zero-based budgeting
-lump-sum budgeting
-line-item budgeting

Question 4

Zero-Based Budgeting

Answer 4

-Prioritizes services and goods provided (what is necessary to provide care/importance of item)
-New budget each year (based on program goals)
-Needs documentation
-ATC to evaluate and justify all expenses

Question 5

Line-Item Budgeting

Answer 5

-Expenses are broken down into classes and subclasses (expendable supplies, permanent equipment, salaries and benefits, maintenance and repair, professional organization memberships, physician involvement)

Question 6

Line-Item Budgeting

Answer 6

-allows parent organization greater monetary care
-advantage: breakdown of categories -> easy comprehension
-disadvantage: mid year financial crisis, funds cannot be interchanged between classes

Question 7

lump-sum budgeting

Answer 7

-gives a lump-sum of money to use where and when needed
-spending freedom
-AT held accountable tor spent money