Caresafe Foster System Budget
CareSafe Foster Systems Budget Teresa Akers, Tara Bryant-Lowe, Charlene Carter, BSHS/373 October 10, 2011 O. Biu
CareSafe Foster Systems Budget The team reviewed the CareSafe Foster Systems Budget to see if changes needed to be completed. We asked questions that would assist in the company’s future budget to show stability and contribution gain. The company is learning what a workable budget is and the importance of it. We will give them four suggestions of how they can increase their surplus, and we will explain the pros and cons of each suggested method. We will give the company insight into issues that could occur if they do not put some programs into place. CareSafe is obtaining an education on how to structure their budget in the future for future growth.
Importance of a Workable Budget Dr. Drexel should know a workable budget should be a plan for the accomplishment of programs related to objectives and goals within a period or a fiscal year (Martin, 2001). A workable budget should indicate how much is being spent and when should the money be spent. The budget when allocated should indicate if the budget is unrestricted or restricted. Moreover, we would explain the three major budgeting systems: line-item budgeting systems, performance budgeting system, and program budgeting (Martin, 2001).
These functions help explain the budget and how CareSafe money is being spent in detail with more of an explanation in many cases the budget we prepare provided information; however, information could have been explained in more detail with the various expense from the agency. At the end of the year the budgets are audited for compliance to ensure money was spent as it should and the organization accounted for funds being spent from the budget within the agency.
Problems foreseen in CareSafe’s Financial Future
Caresafe’s future looks good. The contributions to the agency are steady as of
CareSafe Foster Systems Budget The team reviewed the CareSafe Foster Systems Budget to see if changes needed to be completed. We asked questions that would assist in the company’s future budget to show stability and contribution gain. The company is learning what a workable budget is and the importance of it. We will give them four suggestions of how they can increase their surplus, and we will explain the pros and cons of each suggested method. We will give the company insight into issues that could occur if they do not put some programs into place. CareSafe is obtaining an education on how to structure their budget in the future for future growth.
Importance of a Workable Budget Dr. Drexel should know a workable budget should be a plan for the accomplishment of programs related to objectives and goals within a period or a fiscal year (Martin, 2001). A workable budget should indicate how much is being spent and when should the money be spent. The budget when allocated should indicate if the budget is unrestricted or restricted. Moreover, we would explain the three major budgeting systems: line-item budgeting systems, performance budgeting system, and program budgeting (Martin, 2001).
These functions help explain the budget and how CareSafe money is being spent in detail with more of an explanation in many cases the budget we prepare provided information; however, information could have been explained in more detail with the various expense from the agency. At the end of the year the budgets are audited for compliance to ensure money was spent as it should and the organization accounted for funds being spent from the budget within the agency.
Problems foreseen in CareSafe’s Financial Future
Caresafe’s future looks good. The contributions to the agency are steady as of
References: Martin, L. (2001). Financial Management for Human Service Administrators. Published by: Allyn & Bacon.