Unit 5 Project Personnel Costs and Administration Costs

Personnel Costs and Administration Costs

This is the next step toward completing the budget project. This exercise is an opportunity to draft the personnel costs and

administration costs for the comprehensive budget project. Begin thinking critically about the personnel costs and

administration costs within an EMS organization by listing the costs on a budget sheet to calculate the total costs as they

contribute to the budget. Use the Excel spreadsheet template provided in Unit III and add to the next two sections: Personnel

Costs and Administration Costs.

Part I:

The first part of this assignment involves personnel costs. The purpose of the assignment is to allow you to examine the

expenses that accompany hiring and retaining an employee. List at least ten descriptions of personnel appropriate to the

type of organization you selected, along with the cost(s) of each personnel item. Personnel costs can include items such as

salaries and the benefits package.

For example, one personnel item could be dental insurance for 55 employees. On a budget sheet, the dental insurance

costs for the upcoming year might look like the following example:

Description Quantity Cost Total

Dental Insurance 55 $1,179.84 $64,891.20

Remember that personnel costs include more than salaries. Research the relevant costs that you would like to include in

your budget by using the Internet or the CSU Online Library.

Part II:

The second part of this assignment involves administration costs. The purpose of this part of the assignment is to allow you

to examine how the administration costs impact a budget. List at least ten descriptions of administration along with the

cost(s) of each administration item. Administration costs can include items such as legal fees and accounting fees as well

as the administrators’ salaries and benefits packages. On a budget sheet, legal fees might look like the following example:

Description Quantity Cost Total

Legal fees 1 $10,000 $10,000

Research the relevant costs that you would like to include in your budget by using the Internet or the CSU Online Library.

Be sure to include any references used on the last page of the template. Just as a reminder: Although this is for the most

part, an imaginary organization, you are still expected to do your research, and that requires APA formatted references and

citations.

Information about accessing the grading rubric for this assignment is provided below.