Rapha Budget Summary

Key Budget Elements to Support the Implementation of a Strategic Plan
(Part III: Financial Plan)

This budget is established to accomplish the underlying vision and goals driving and directing the Rapha Assisted Living. The goals and objectives determined in the three year strategic plan indicate the long and short term needs of Rapha and updates the capital facility strategies that are indispensable to the annual operating budget process. Hence, Rapha is relying on the sound and measured revenue and resources for qualitative and quantitative forecasting and strategic operation and management (City of Langley, 2014). Furthermore, the budget enabled Rapha to effectively clarify and prioritize the goals and objectives delineated during the strategic planning process. Measured revenue resources were carefully linked to the budget calendar, noting how resources are being generated and used to meet the goals and objectives of the AL, and that those objectives are effectively balanced with the resources available to provide the required level of service excellence.

Generally, our budget is easily balanced as resources are allocated and funded through residents’ payments for the competent care and services. Rapha forecasts include 17 Assisted Living Main Residents that are charged $3,500 and 2
Moreover, Rapha ensures that the AL is effectively staffed to provide care and services excellence for the residents. The staff, including a consultant pharmacist, manager, alternate manager, dietician cook, and medication technician are included and reflected in the financial plan