Question

How to include three-year proposed financials (Budgetary) that includes consideration of fiscal, human, and information resources for the community center business plan that intended services is weight reduction in the form of physical activity and eating healthy, tobacco cessation, and stress management.

Answer 1

Fiscal resources

A budget is a financial plan for a defined period, often one year. It may also include planned sales volumes and revenues, resource quantities, costs and expenses, assets, liabilities and cash flows.

Fiscal year means financial year.

• Here the plan is prepared for three years. Hence the filing of tax forms, auditing and closing of books are planned for three years program.
• The financial year for the program is considered from July 1 to June 30.

Human resources

The HR budget will include funds allocated to hiring, salaries, benefits, talent management, training, succession planning, workforce engagement, and employee wellness planning. HR budgets use financial information, performance results and historical data from every department.

To prepare a human resource budget

• Know the budget calendar.
• Review prior budgets.
• Establish goals.
• Identify capital expenditures.
• Create the department budget.
• Know the area having flexibility.
• Look for budget support.
• Monitor the budget regularly.

Information Resources

The Budget field is used to view or change whether a work, material, or costs should be tracked in the project. Here plan the budget status of different resources such as physical activity, healthy diet cessation of tobacco and stress managemt. This can be helpful when one want to change the budget status of several resources at once.