Please assist with Operating Budget Sheet, health & medical homework help

Hello I really don’t understand this stuff, need help with this assignment.

Operating Budget Worksheet

Consider the following scenario:

Imagine you are a manager of a small health care facility and in charge of developing a projected annual operating budget.

Your budgetary figures are as follows:

For fiscal year 2015 and 2016 your clinic received $3 million from the government as fee-for-services reimbursements, as well as $1.1 million from private payers. The clinic has an annual fund-raiser that historically brings in $180,000 and a grants department that brings in $1.2 million annually.

Your chief financial officer (CFO) has provided you with the following annual expenses:

ABC Health Care Annual Expenses

Annual salaries

$1.5 million

Annual benefits

$ 240,000

Annual rent

$ 960,000

Annual insurance

$ 45,000

Annual depreciation

$ 780,000

Annual overhead

$ 180,000

Annual supplies

$ 60,000

Using the ABC Health Care Operating Budget template, complete a 12-month operating budget in which you include the net profit (loss).

Write a 350- to 700-word executive summary that explains to the board of directors how you developed the budget and its importance.

Include the following in your summary:

  • Explain the process for creating an operating budget and its importance.
  • Explain how revenues and expenses are grouped for planning and control in the financial statements.
  • Explain the differences between cash and accrual financial systems.

Cite at least 2 sources, including your textbook.

Format your assignment according to APA guidelines.

Here is the template that goes with this assignment. This is an excel worksheet but I do not know how to attach it.

ABC Health Care
January February March April May June July August September October Novedmber December Total
Private Pay
Total Revenues
Total Expenses
Net Income (Loss)
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