| Sample Practice |
| OPERATING BUDGET FOR 2001 |
| | | | | | | JAN | FEB | MAR | APR | MAY | JUNE | JULY | AUG | SEPT | OCT | NOV | DEC | TOTAL | % |
| INCOME |
| Professional Fees | | | | $ 3,958,456.20 | | 329,871.35 | 329,871.35 | 329,871.35 | 329,871.35 | 329,871.35 | 329,871.35 | 329,871.35 | 329,871.35 | 329,871.35 | 329,871.35 | 329,871.35 | 329,871.35 | $ 3,958,456.20 | 100.19% |
| Other Revenue | | | | 24,000.00 | | 2,000.00 | 2,000.00 | 2,000.00 | 2,000.00 | 2,000.00 | 2,000.00 | 2,000.00 | 2,000.00 | 2,000.00 | 2,000.00 | 2,000.00 | 2,000.00 | 24,000.00 | 0.61% |
| Patient Refunds | | | | (23,252.00) | | (1,937.67) | (1,937.67) | (1,937.67) | (1,937.67) | (1,937.67) | (1,937.67) | (1,937.67) | (1,937.67) | (1,937.67) | (1,937.67) | (1,937.67) | (1,937.67) | (23,252.00) | -0.59% |
| Refund Insurance Companies | | | | (8,088.00) | | (674.00) | (674.00) | (674.00) | (674.00) | (674.00) | (674.00) | (674.00) | (674.00) | (674.00) | (674.00) | (674.00) | (674.00) | (8,088.00) | -0.20% |
| | | | | | | 329,259.68 | 329,259.68 | 329,259.68 | 329,259.68 | 329,259.68 | 329,259.68 | 329,259.68 | 329,259.68 | 329,259.68 | 329,259.68 | 329,259.68 | 329,259.68 | 3,951,116.20 | 100.00% |
| EXPENSES |
| Salaries-Physician Owners | | | | | | 218,692.31 | 57,692.31 | 57,692.31 | 57,692.31 | 57,692.31 | 86,538.46 | 57,692.31 | 57,692.31 | 57,692.31 | 57,692.31 | 86,538.46 | 57,692.31 | 911,000.00 | 23.06% |
| Payroll Taxes-FICA Physician | | | | | | 13,140.64 | 836.54 | 836.54 | 836.54 | 836.54 | 1,254.81 | 836.54 | 836.54 | 836.54 | 836.54 | 1,254.81 | 836.54 | 23,179.12 | 0.59% |
| Payroll Taxes-FUTA Physcian | | | | | | 112.00 | | | | | | | | | | | | 112.00 | 0.00% |
| Payroll Taxes-SUTA Physician | | | | | | 235.20 | | | | | | | | | | | | 235.20 | 0.01% |
| Insurance-Physician | | | | | | 2,860.24 | 1,350.52 | 1,863.07 | 2,234.54 | 1,350.52 | 3,599.19 | 2,234.54 | 1,350.52 | 1,863.07 | 2,234.54 | 1,350.52 | 7,849.19 | 30,140.46 | 0.76% |
| Dues, Memberships, License Fees | | | | | | 900.00 | 584.00 | 485.00 | 600.00 | 408.00 | 953.50 | 535.00 | 580.00 | 225.00 | 1,695.00 | 1,135.00 | 1,085.00 | 9,185.50 | 0.23% |
| Meetings & Travel-Physician | | | | 20,040.00 | | 1,670.00 | 1,670.00 | 1,670.00 | 1,670.00 | 1,670.00 | 1,670.00 | 1,670.00 | 1,670.00 | 1,670.00 | 1,670.00 | 1,670.00 | 1,670.00 | 20,040.00 | 0.51% |
| Meals & Entertainment-Physician | | | | 8,940.00 | | 745.00 | 745.00 | 745.00 | 745.00 | 745.00 | 745.00 | 745.00 | 745.00 | 745.00 | 745.00 | 745.00 | 745.00 | 8,940.00 | 0.23% |
| Salaries-Primary Care Providers | | | | | | 5,007.69 | 5,007.69 | 5,007.69 | 5,007.69 | 5,007.69 | 7,511.54 | 5,007.69 | 5,007.69 | 5,007.69 | 5,258.08 | 7,887.12 | 10,258.08 | 70,976.35 | 1.80% |
| Salaries-Medical Support | | | | | | 33,228.15 | 33,228.15 | 33,352.55 | 33,352.55 | 33,609.53 | 50,580.79 | 33,720.53 | 33,720.53 | 33,834.53 | 34,066.30 | 51,707.37 | 59,077.32 | 463,478.28 | 11.73% |
| Salaries-Administrative | | | | | | 21,106.22 | 21,106.22 | 21,248.22 | 21,332.25 | 21,341.13 | 32,011.70 | 21,341.13 | 21,420.63 | 21,562.12 | 21,886.17 | 32,829.26 | 35,378.92 | 292,563.97 | 7.40% |
| Payroll Taxes-FICA Staff | | | | | | 4,539.67 | 4,539.67 | 4,560.05 | 4,566.48 | 4,586.81 | 6,892.96 | 4,595.31 | 4,601.39 | 4,620.93 | 4,682.61 | 7,070.42 | 8,010.64 | 63,266.92 | 1.60% |
| Payroll Taxes-FUTA Staff | | | | | | 474.74 | 435.82 | 257.47 | 123.23 | 49.83 | 33.70 | 22.47 | 8.08 | 8.08 | 8.08 | 12.12 | 9.68 | 1,443.28 | 0.04% |
| Payroll Taxes-SUTA Staff | | | | | | 598.17 | 598.17 | 600.85 | 456.32 | 421.15 | 296.73 | 76.99 | 43.35 | 28.66 | 28.66 | 43.00 | 39.16 | 3,231.20 | 0.08% |
| Insurance Staff | | | | | | 4,024.41 | 4,134.51 | 4,134.51 | 4,134.51 | 4,134.51 | 3,385.88 | 4,134.51 | 4,134.51 | 4,134.51 | 4,134.51 | 3,385.88 | 4,134.51 | 48,006.76 | 1.22% |
| Pension & Retirement Benefits | | | | | | 8,242.70 | 1,767.70 | 1,778.36 | 1,780.65 | 1,786.73 | 2,680.09 | 2,048.39 | 2,051.57 | 2,055.83 | 2,088.08 | 3,156.43 | 82,839.04 | 112,275.56 | 2.84% |
| Meetings & Travel-Staff | | | | | | 500.00 | 3,000.00 | 500.00 | 500.00 | 500.00 | 500.00 | 500.00 | 500.00 | 500.00 | 500.00 | 500.00 | 500.00 | 8,500.00 | 0.22% |
| Supplies-Drugs & Medications | | | | 48,768.00 | | 4,064.00 | 4,064.00 | 4,064.00 | 4,064.00 | 4,064.00 | 4,064.00 | 4,064.00 | 4,064.00 | 4,064.00 | 4,064.00 | 4,064.00 | 4,064.00 | 48,768.00 | 1.23% |
| Supplies-Medical | | | | 149,508.54 | | 12,459.04 | 12,459.04 | 12,459.04 | 12,459.04 | 12,459.04 | 12,459.04 | 12,459.04 | 12,459.04 | 12,459.04 | 12,459.04 | 12,459.04 | 12,459.04 | 149,508.54 | 3.78% |
| Supplies-Administrative | | | | 18,960.00 | | 1,580.00 | 1,580.00 | 1,580.00 | 1,580.00 | 1,580.00 | 1,580.00 | 1,580.00 | 1,580.00 | 1,580.00 | 1,580.00 | 1,580.00 | 1,580.00 | 18,960.00 | 0.48% |
| Supplies-Medical Forms | | | | 7,908.00 | | 659.00 | 659.00 | 659.00 | 659.00 | 659.00 | 659.00 | 659.00 | 659.00 | 659.00 | 659.00 | 659.00 | 659.00 | 7,908.00 | 0.20% |
| Supplies-Housekeeping/Maintenance | | | | 948.00 | | 79.00 | 79.00 | 79.00 | 79.00 | 79.00 | 79.00 | 79.00 | 79.00 | 79.00 | 79.00 | 79.00 | 79.00 | 948.00 | 0.02% |
| Supplies-Computer | | | | 5,172.00 | | 431.00 | 431.00 | 431.00 | 431.00 | 431.00 | 431.00 | 431.00 | 431.00 | 431.00 | 431.00 | 431.00 | 431.00 | 5,172.00 | 0.13% |
| Laboratory Services | | | | 10,020.00 | | 835.00 | 835.00 | 835.00 | 835.00 | 835.00 | 835.00 | 835.00 | 835.00 | 835.00 | 835.00 | 835.00 | 835.00 | 10,020.00 | 0.25% |
| Rent-Buildings | | | | 245,220.00 | | 20,435.00 | 20,435.00 | 20,435.00 | 20,435.00 | 20,435.00 | 20,435.00 | 20,435.00 | 20,435.00 | 20,435.00 | 20,435.00 | 20,435.00 | 20,435.00 | 245,220.00 | 6.21% |
| Utilities | | | | 1,656.00 | | 138.00 | 138.00 | 138.00 | 138.00 | 138.00 | 138.00 | 138.00 | 138.00 | 138.00 | 138.00 | 138.00 | 138.00 | 1,656.00 | 0.04% |
| Rent/Lease-Furniture & Equipment | | | | 137,309.52 | | 11,442.46 | 11,442.46 | 11,442.46 | 11,442.46 | 11,442.46 | 11,442.46 | 11,442.46 | 11,442.46 | 11,442.46 | 11,442.46 | 11,442.46 | 11,442.46 | 137,309.52 | 3.48% |
| Depreciation-Medical Equipment | | | | | | 3,170.63 | 3,170.63 | 3,170.63 | 3,170.63 | 3,170.63 | 3,170.63 | 3,170.63 | 3,170.63 | 3,170.63 | 3,170.63 | 3,170.63 | 3,170.63 | 38,047.56 | 0.96% |
| Depreciation-Laser Equipment | | | | | | 2,627.47 | 2,627.47 | 2,627.47 | 2,627.47 | 2,627.47 | 2,627.47 | 2,627.47 | 2,627.47 | 2,627.47 | 2,627.47 | 2,627.47 | 2,627.47 | 31,529.64 | 0.80% |
| Depreciation-Office Equipment | | | | | | 2,974.75 | 2,974.75 | 2,974.75 | 2,974.75 | 2,974.75 | 2,974.75 | 2,974.75 | 2,974.75 | 2,974.75 | 2,974.75 | 2,974.75 | 2,974.75 | 35,697.00 | 0.90% |
| Depreciation-Computer Equipment | | | | | | 3,563.72 | 3,563.72 | 3,563.72 | 3,563.72 | 3,563.72 | 3,563.72 | 3,563.72 | 3,563.72 | 3,563.72 | 3,563.72 | 3,563.72 | 3,563.72 | 42,764.64 | 1.08% |
| Franchise Tax | | | | | | | | | 750.00 | | | | | | | | | 750.00 | 0.02% |
| Property Taxes | | | | | | | | | | | 3,100.00 | | | | | | 8,132.00 | 11,232.00 | 0.28% |
| Maint/Repair-Furniture & Equipment | | | | 21,204.00 | | 1,767.00 | 1,767.00 | 1,767.00 | 1,767.00 | 1,767.00 | 1,767.00 | 1,767.00 | 1,767.00 | 1,767.00 | 17,417.00 | 3,272.00 | 1,767.00 | 38,359.00 | 0.97% |
| Accounting Services | | | | | | 800.00 | 6,000.00 | 9,200.00 | 4,700.00 | 700.00 | 1,325.00 | 700.00 | 700.00 | 700.00 | 700.00 | 700.00 | 1,450.00 | 27,675.00 | 0.70% |
| Legal Services | | | | 12,912.00 | | 1,076.00 | 1,076.00 | 1,076.00 | 1,076.00 | 1,076.00 | 1,076.00 | 1,076.00 | 1,076.00 | 1,076.00 | 1,076.00 | 1,076.00 | 1,076.00 | 12,912.00 | 0.33% |
| Recruitment | | | | 5,400.00 | | 450.00 | 450.00 | 450.00 | 450.00 | 450.00 | 450.00 | 450.00 | 450.00 | 450.00 | 450.00 | 450.00 | 450.00 | 5,400.00 | 0.14% |
| Employee Development & Training | | | | 2,580.00 | | 215.00 | 215.00 | 215.00 | 215.00 | 215.00 | 215.00 | 215.00 | 215.00 | 215.00 | 215.00 | 215.00 | 215.00 | 2,580.00 | 0.07% |
| Employee Relations | | | | 10,380.00 | | 865.00 | 865.00 | 865.00 | 865.00 | 865.00 | 865.00 | 865.00 | 865.00 | 865.00 | 1,365.00 | 865.00 | 9,865.00 | 19,880.00 | 0.50% |
| Uniforms & Laundry | | | | 2,436.00 | | 203.00 | 203.00 | 203.00 | 203.00 | 203.00 | 203.00 | 203.00 | 203.00 | 203.00 | 203.00 | 203.00 | 203.00 | 2,436.00 | 0.06% |
| General Liability Insurance-G&A | | | | | | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | 8,000.00 | - 0 | - 0 | 8,000.00 | 0.20% |
| Professional Liability Insurance | | | | | | | | | | | | | | | 16,039.00 | | | 16,039.00 | 0.41% |
| Telephone/Internet Access | | | | 59,616.00 | | 4,968.00 | 4,968.00 | 4,968.00 | 4,968.00 | 4,968.00 | 4,968.00 | 4,968.00 | 4,968.00 | 4,968.00 | 4,968.00 | 4,968.00 | 4,968.00 | 59,616.00 | 1.51% |
| Postage & Freight | | | | 13,380.00 | | 1,115.00 | 1,115.00 | 1,115.00 | 1,115.00 | 1,115.00 | 1,115.00 | 1,115.00 | 1,115.00 | 1,115.00 | 1,115.00 | 1,115.00 | 1,115.00 | 13,380.00 | 0.34% |
| Printing | | | | 28,500.00 | | 2,375.00 | 2,375.00 | 2,375.00 | 2,375.00 | 2,375.00 | 2,375.00 | 2,375.00 | 2,375.00 | 2,375.00 | 2,375.00 | 2,375.00 | 2,375.00 | 28,500.00 | 0.72% |
| Books & Subscriptions | | | | 9,300.00 | | 775.00 | 775.00 | 775.00 | 775.00 | 775.00 | 775.00 | 775.00 | 775.00 | 775.00 | 775.00 | 775.00 | 775.00 | 9,300.00 | 0.24% |
| Marketing | | | | | | 4,778.00 | 2,420.00 | 4,778.00 | 16,070.00 | 4,778.00 | 2,420.00 | 4,778.00 | 2,420.00 | 4,778.00 | 2,420.00 | 4,778.00 | 6,420.00 | 60,838.00 | 1.54% |
| Amortization | | | | 31,560.00 | | 2,630.00 | 2,630.00 | 2,630.00 | 2,630.00 | 2,630.00 | 2,630.00 | 2,630.00 | 2,630.00 | 2,630.00 | 2,630.00 | 2,630.00 | 2,630.00 | 31,560.00 | 0.80% |
| Bank Fees | | | | 13,620.00 | | 1,135.00 | 1,135.00 | 1,135.00 | 1,135.00 | 1,135.00 | 1,135.00 | 1,135.00 | 1,135.00 | 1,135.00 | 1,135.00 | 1,135.00 | 1,135.00 | 13,620.00 | 0.34% |
| Interest Expense | | | | 73,656.00 | | 6,138.00 | 6,138.00 | 6,138.00 | 6,138.00 | 6,138.00 | 6,138.00 | 6,138.00 | 6,138.00 | 6,138.00 | 6,138.00 | 6,138.00 | 6,138.00 | 73,656.00 | 1.86% |
| | | | | | | 409,826.20 | 233,287.36 | 236,880.68 | 244,723.13 | 227,788.83 | 293,670.42 | 228,809.48 | 225,653.19 | 228,433.34 | 269,005.95 | 294,439.45 | 383,298.45 | 3,275,816.48 | 82.91% |
| NET INCOME | | | | | | $ (80,566.52) | $ 95,972.32 | $ 92,379.00 | $ 84,536.55 | $ 101,470.86 | $ 35,589.26 | $ 100,450.21 | $ 103,606.50 | $ 100,826.34 | $ 60,253.74 | $ 34,820.24 | $ (54,038.77) | $ 675,299.72 | 17.09% |
| Dividends | | | | | | | | $36,000.00 | | | $36,000.00 | | | $36,000.00 | | | $36,000.00 | $ 144,000.00 |
| Net Cash after Dividends | | | | | | $ (80,566.52) | $ 95,972.32 | $ 56,379.00 | $ 84,536.55 | $ 101,470.86 | $ (410.74) | $ 100,450.21 | $ 103,606.50 | $ 64,826.34 | $ 60,253.74 | $ 34,820.24 | $ (90,038.77) | $ 531,299.72 |
QueenofQuestion
sample_operating_budget_1.xls
