Question

Need help with how to start this assignment, as I am not sure how to begin making my budgets (ex: line-item, functional and program budgets). Any assistance would be most appreciated. This is due Oct 12th.

Creating a Budget

Various budget approaches play an important role in resource allocation in human service organizations. You are the executive director for a local government workforce agency that focuses on providing career- and work-related skills. The Department of Education has awarded your agency with grant funding of $1.6 million to provide training programs to high school dropouts. The funded programs are a basic work skills training program and a vocational program. You are preparing a budget matrix to present to the awarding agency. The matrix budget consists of line-item, functional, and program budgets.

Operating Expenses: Per Year
Rent
$125,000

Utilities
$100,000

Office supplies
$25,000

Equipment/lease
$50,000

Transportation and travel
$100,000

Outside consultants
$100,000

Overhead costs
$100,000


Personnel expenses: Annual Salary Number of FTEs
Executive director
$100,000
1
Training supervisor
$80,000
1
Trainers
$50,000 10
Administrative coordinator
$45,000 1
Administrative staff
$25,000 3
Employee-related benefit expenses @ 25%
$200,000

All costs excluding the salary of the executive director and training supervisor will be allocated according to this formula:

60% to basic skills program
40% to vocational program

Number of eligible students: 1,000

Use the information above to create each of the following:

1. A line-item budget table showing all associated costs implementing the training programs.
2. A combined functional and program budget to calculate all costs per enrolled student.

Answer 1

I NEED HELP

Answer 2

I had problems too, but somehow figured it out. Take the first amount, such as the rent at $125,000. Multiply 60% times the 125,000 for the basic skills and multiply 40% times the 125,000 for the vocational. Therefore 75,000 for basic, and 50,000 for vocational. Do this for all the totals and write up on an excell spreadsheet and you'll be good to go. Good luck!!!