Budgeting Flashcards
Systematic financial translation of a plan
Budgeting
Standing plans used repeatedly
Policies
More specific guide to action than policy
Procedures
The minimal level of achievement acceptable to meet the set
objectives
Standards
Developed and imposed by the controller, administrator and/or director of nursing with little to no consultation with lower level managers
Centralized Budget
Has the middle level manager involved in the planning and budgeting process with ARA placed on the practitioner level
Decentralized Budget
Summarizing the income
Revenue budget
Describing expected activity
Expense budget
Programmed acquisitions, disposals and improvements in
Capital budget
Consists of money received, cash receipts and disbursement expected during the planning period.
Cash budget
This budget includes wages, salaries, and compensations paid to permanent employees.
Manpower Budget
This budget requires long-range planning. It includes purchases of land, equipment, buildings or expansion of existing building or plant.
Capital Expenditure Budget
This budget includes purchase of minor equipment, repairs, supplies or overhead expenses.
Operating Budget
Single cost estimate for each program
Open-ended Budget
Spending limit is set
Fixed-ceiling Budget
Contains several financial plans for each level of activity.
Flexible Budget
Based on the functions and activities.
Performance Budget
Cost are computed for a program as a whole.
Program Budget
Cost of all programs, both old and new.
Zero-based Budget
“Self-destruct” within a prescribed period.
Sunset Budget
Designed to meet future service expectations, to provide quality patient care at mínimum cost.
Hospital Budget
Allocates resources for nursing programs and activities to deliver patient care during a fiscal year.
Nursing Budget
The nurse classifies the patient in the category that most closely describes the care received.
Descriptive
Divides descriptions of care routines into activity categories such as eating and bathing.
Checklist
Assign a value unit (usually a measure of time) to various activities of patient care.
Time Standard
Budgeting stimulates thinking in advance.
Planning
Budgeting also encourages coordination among different persons involved in the process, from the top to bottom.
Coordination
