Home > Free Essays > Health & Medicine > Healthcare Financing > Oakland Family Wellness Center’s Budget Allocation
Cite this

Oakland Family Wellness Center’s Budget Allocation Essay


The annual budget determined for Oakland Family Wellness Center (OFWC) is $5 million. In order to address expenses associated with opening a new healthcare facility and providing mental health services, as well as offering training for families, it is necessary to plan an annual budget with reference to the forecasted expenses and unpredicted costs. These costs include staff salaries and benefits, the rent and inventories, and childcare services among other expenses. Table 1 provides the summary budget for OFWC for one year.

Table 1. Budget for Oakland Family Wellness Center..

Expenses # $/year
Salaries and Benefits
Psychiatrists 2 $420,000
Social Workers 15 $675,000
Childcare Staff 12 $240,000
Administration staff 3 $138,000
Technicians and assistants (part-time) 2 $40,000
Rent and Maintenance
Rent 1 $164,000
Repairs and Maintenance $12,000
Equipment and Supplies
Equipment $200,000
Utilities $60,000
Other Supplies $20,000
Technologies and Internet $2,500
Therapy Costs for Undocumented Persons $100,000
Childcare Services
Food, clothing, other supplies $80,000
Services $50,000
Additional Operating Expenses $450,000
Non-allocated budget $2,348,500
Total $5,000,000

Salaries and benefits for the staff represent the largest portion of the planned budget. Psychiatrists’ annual salaries will be $210,000 for each person ($420,000 in total). Fifteen social workers will receive $45,000 per year ($675,000 in total for this staff group). The number of childcare assistants is planned to be 10-15 persons, depending on the number of families and children served at OFWC, as well as on the work schedule which includes two shifts (Finkler, Smith, Calabrese, & Purtell, 2016). Therefore, the paid salaries will vary between $200,000 and $300,000. The budget for childcare services is planned to include food and clothing ($130,000 in total). Furthermore, the focus is on serving 100-150 adults and children on a regular basis. The number of technicians and assistants can vary depending on the number of volunteers, and these specialists should be hired as part-time workers (Baker & Baker, 2014).

To rent a medical facility with several rooms for patients, halls, and offices that is located in West Oakland, California, it is necessary to refer to the budget in $150,000-$175,000, including repairs and maintenance. One more category of costs includes equipment, different types of supplies and utilities, and technologies in order to guarantee the provision of high-quality services (Zelman, McCue, Glick, & Thomas, 2013). It is also important to note that Medi-Cal covers all costs associated with the proposed therapies, training programs, and holistic health care plans followed in OFWC. As a result, these costs are not included in the developed budget. Still, OFWC specializes in providing services to vulnerable categories of the population in West Oakland. Therefore, those patients who are undocumented to participate in Medi-Cal or whose situation is related to the sliding scale will be provided with necessary services sponsored by OFWC. The determined budget for this population group and provided treatments is $100,000.

The non-allocated budget at this stage of the project development is $2,348,500. This money will be used to propose alternate programs and services in order to address the project goals and the OFWC’s mission as well as to expand the number of staff to serve more patients from the neighborhood. It is possible to state that the proposed budget in $5,000,000 covers the identified expenses, and it is important to focus on providing more services in the context of the organization’s strategy.

References

Baker, J. J., & Baker, R. W. (2014). Health care finance: Basic tools for nonfinancial managers (4th ed.). Burlington, MA: Jones & Bartlett Publishers.

Finkler, S. A., Smith, D. L., Calabrese, T. D., & Purtell, R. M. (2016). Financial management for public, health, and not-for-profit organizations (5th ed.). Washington, DC: CQ Press.

Zelman, W. N., McCue, M. J., Glick, N. D., & Thomas, M. S. (2013). Financial management of health care organizations: An introduction to fundamental tools, concepts and applications (4th ed.). New York, NY: John Wiley & Sons.

This essay on Oakland Family Wellness Center’s Budget Allocation was written and submitted by your fellow student. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly.
Removal Request
If you are the copyright owner of this paper and no longer wish to have your work published on IvyPanda.
Request the removal

Need a custom Essay sample written from scratch by
professional specifically for you?

Writer online avatar
Writer online avatar
Writer online avatar
Writer online avatar
Writer online avatar
Writer online avatar
Writer online avatar
Writer online avatar
Writer online avatar
Writer online avatar
Writer online avatar
Writer online avatar

301 certified writers online

GET WRITING HELP
Cite This paper

Select a referencing style:

Reference

IvyPanda. (2020, November 11). Oakland Family Wellness Center's Budget Allocation. Retrieved from https://ivypanda.com/essays/oakland-family-wellness-centers-budget-allocation/

Work Cited

"Oakland Family Wellness Center's Budget Allocation." IvyPanda, 11 Nov. 2020, ivypanda.com/essays/oakland-family-wellness-centers-budget-allocation/.

1. IvyPanda. "Oakland Family Wellness Center's Budget Allocation." November 11, 2020. https://ivypanda.com/essays/oakland-family-wellness-centers-budget-allocation/.


Bibliography


IvyPanda. "Oakland Family Wellness Center's Budget Allocation." November 11, 2020. https://ivypanda.com/essays/oakland-family-wellness-centers-budget-allocation/.

References

IvyPanda. 2020. "Oakland Family Wellness Center's Budget Allocation." November 11, 2020. https://ivypanda.com/essays/oakland-family-wellness-centers-budget-allocation/.

References

IvyPanda. (2020) 'Oakland Family Wellness Center's Budget Allocation'. 11 November.

More related papers