Program Budgeting and Financial Analysis

Budget Focus specifically on applying budgeting concepts to an analysis of your program. A budget can be viewed as a financial plan for carrying out a program’s goals and objectives. It can also be a useful tool during planning for revealing potential adjustments that may need to be made immediately or in the future. As William Feather once humorously remarked, “A budget tells us what we can’t afford, but it doesn’t keep us from buying it”. Think about how the information convened for this assignment would guide your aims and strategies for implementation of your program. To prepare: • Review the budgeting-related concepts presented in the Learning Resources, particularly Chapter 11 of Designing and Managing Programs. • Conduct research as needed regarding budgeting. For example, see the information presented on the U.S. Small Business Administration website, which includes a section on preparing your finances. With this as a guide, develop a simple revenue and expense budget for 6 months from start-up of your program and develop a break-even analysis. • Complete a justification for the revenue and expenses indicating where the funds are coming from to support the project and what resources the expenses are related to. • Explain any variance from the budget that is not budget neutral. Application 3: Program Budget and Financial Analysis A 3- to 5-page paper* that addresses the following: Budget • Develop a simple revenue and expense budget for 6 months from start-up and develop a break-even analysis. • Articulate a justification for the revenue and expenses indicating where the funds are coming from to support the project and what resources the expenses are related to. • Explain any variance from the budget that is not budget neutral. Financial Analysis • Articulate whether the monies put into the program will result in positive health outcomes for the population (resulting from your application of the use of cost-effectiveness, cost-utility, or cost-benefit to the program design process). * INCLUDE TABLES OR GRAPHS IN YOUR PAPER TO ILLUSTRATE BUDGET INFORMATION. RESOURCES Kettner, P. M., Moroney, R. M., & Martin, L. L. (2017). Designing and managing programs: An effectiveness-based approach (5th ed.). Thousand Oaks, CA: Sage. • Chapter 10, “Performance Measurement, Monitoring, and Program Evaluation” Robbins, L.B., Pfeiffer, K.A., Weolek, S.M., & Lo, Y. (2014). Process evaluation for a school-based physical intervention for 6th and 7th grade boys: Reach, dose, and fidelity. Evaluation and Program Planning, 42, 21-31 doi.org/10.1016/j.evalprogplan.2013.09.002 Schalock, R.L., Lee, t., Verdugo, M., Swart, K., Claes, C., van Loon, J., & Lee, C. (2014). An evidence-based approach to organization evaluation and change in human service organizations evaluation and program planning. Evaluation and Program Planning, 45, 110-118. U.S. National Library of Medicine. (2008). HTA 101: IV. Cost analysis methods. Retrieved from http://www.nlm.nih.gov/nichsr/hta101/ta10106.html Published by the National Institutes of Health, this site offers an explanation of the types of cost analysis including comparison of cost-utility, cost-effectiveness, and cost-benefit.

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