HIT238 Directed Clinical Practice BUDGETING PROCESS It is time for you to prepare the annual...
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Accounting
HIT238 Directed Clinical Practice BUDGETING PROCESS It is time for you to prepare the annual departmental salary and operating budget for fiscal year 2022-2023. The fiscal year in your organization runs the same as the calendar year from January 1st to December 31st . You are the supervisor in the HIM department and you are asked to prepare the budget for the next year. The employees will be receiving a 2% salary increase and plan on operations to go up by 5%. Please project the salary budget and the operating budget using the tables below:
Salary budget
| Position | 2022 Current Salaries | 2023 |
| Director | $82, 000.00 |
|
| Assistant Director | $74,000.00 |
|
| Analyst/coder/abstractor | $48,500.00 |
|
| Analyst/coder/abstractor | $46,000.00 |
|
| Transcriptionist | $47,000.00 |
|
| Transcriptionist | $45,000.00 |
|
| Receptionist/clerk | $31,000.00 |
|
| HIM Clerk | $30,000.00 |
|
| Part-time HIM clerk | $16, 500.00 |
|
|
| Total |
|
Operating budget
| Operation | 2022 | 2023 |
| Telephone | $2,000.00 |
|
| Supplies | $1,050.00 |
|
| Scanner | $10,000.00 |
|
| Equipment | $22,000.00 |
|
| Copy machine | $5,000.00 |
|
| Education | $5,000.00 |
|
|
| Total |
|
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