Health Promotion Program

Creating a Budget/Allocation of Resources

Alexis Heard

SP22 Program Design in Kinesiology

Dr. G. Palevo

Columbus State University

March 29, 2022

Budget	april	Column2	Column3	may	Column4	Column5	June	Column6	Column7
REVENUE	Actual	projected	variance	Actual	projected	variance	Actual	projected	variance
sales	$30,000	$20,000	$10,000	$32,000	$30,000	$2,000	$31,000	$27,000	$4,000
sponsorship	$2,500	$2,000	$500	$2,800	$2,200	$600	$2,700	$2,500	$200
grants	$1,500	$1,500	$0	$1,700	$1,500	$200	$1,750	$1,600	$150
gifts	$1,200	$1,000	$200	$1,400	$1,400	$0	$1,550	$1,450	$100
participant fees	$1,100	$1,000	$100	$1,000	$950	$50	$1,300	$1,170	$130
TOTAL REVENUE	$36,300	$25,500	$10,800	$38,900	$36,050	$2,850	$38,300	$33,720	$4,580
Expenditures
personnel	$1,000	$600	$400	$1,230	$1,150	$80	$1,300	$1,200	$100
equipment	$1,250	$1,200	$50	$1,590	$1,520	$70	$1,200	$1,100	$100
supplies	$1,050	$950	$100	$1,400	$1,250	$150	$1,100	$900	$200
space	$2,000	$1,800	$200	$1,900	$1,700	$200	$1,590	$1,400	$190
subcontractors	$1,900	$1,750	$150	$1,850	$1,600	$250	$1,500	$1,300	$200
TOTAL EXPENDITURE	$7,200	$6,300	$900	$7,970	$7,220	$750	$6,690	$5,900	$790
PROFIT/LOSS	$29,100	$19,200	$9,900	$30,930	$28,830	$2,100	$31,610	$27,820	$3,790

While undertaking any project, a budget is essential. Budgets may be of different types: financial budget, cash budget, master budget, and operating budget. A budget helps in the control of expenditures. With a budget, one will keep on the truck of their financial goals. A budget aids someone to avoid getting out of debt. Emergency funds a catered for in a budget. In case of any emergency, one won’t strain where they will get funds (Juhana & Wasistiono & Tahir, 2020). They will get into their account and withdraw the emergency funds. With a well-organized budget, one will save money. Much money will be saved as expenses will be kept at a minimum, and the income sources will be maximized.

In our case, the budget will enable us to estimate our revenue and expenditure. For instance, our estimated revenue is $25500, $36050, and $33720 in April, May, and June, respectively. The total expenditures estimated are $6300 in April, $7220 in May, and $5900 in June. By projecting the revenues and expenditure, we will be able to calculate the forecasted net profit or loss (Ikramovich & Mirjalilovich, 2021, June). The projected net profit will be $19200, $28830, and $27820 in April, May, and June. To increase our anticipated profits generated from the project, we will be compelled to decrease the budget expenditure and increase the revenue items.

References

Juhana, J., Wasistiono, S., & Tahir, I. (2020). The Importance of Delegation of Authority, Budget Allocation and Leadership in Improving Performance. International Journal of Science and Society, 2(1), 221-228.

Ikramovich, R. Z., & Mirjalilovich, I. A. (2021, June). THE IMPORTANCE OF TAX POLICY IN THE FORMATION OF BUDGET REVENUES. In " ONLINE-CONFERENCES" PLATFORM (pp. 122-124).