Posted by Sarah on Wednesday, September 15, 2010 at 9:02pm.
I am attempting to complete a budget matrix. Is a consultant listed as a functional budget item or a line-item budget? Are indirect costs listed as a functional budget item or a line-item budget? My understanding from the reading is that I have 1) Functional Budget to determine personnel costs; 2) Line-item Budget to determine non-salary costs; and 3) Total Program Budget. Right off hand, I know that any expense made (anything that is going to cost money, is going to come from the "Total Program Budget." This means that all expenses will be marked in this column. This brings it down to determining if the expense is a Functional budget item or a Line-item budget. An easier way to distinguish these two expenses is to ask, "Does this expense have to do with paying an employee's salary?" So, if I have something relating to an employee's salary (ie salary, benefits, etc), then it would be a Functional Budget item. If it doesn't (ie equipment, office rent, etc), then it would be a Line-item budget. The reading is a bit vague about outside consultants and indirect costs. I would appreciate some thoughts to understand this better please and thank you!
No one has answered this question yet.
Answer this Question
Related Questions
Human Resourses - The department of education has awarded an agency a grant for ...
social studies - Determine which of the budget items listed would be necessary ...
HSM 220 Week 6 Budget Matrix - I am having some help with this assignment. I ...
Hsm/220 - You are the executive director of a local government workforce agency ...
budject matrix - you are the medical clinic administrator for three physicians ...
HHS-human service administrator - This is my assignment for my HHS class. I have...
Creating a Budget -HSM 220 - Need help to complete assgnmnt for HSM 220 due ...
Hospital Administration - How to Prepare Budget Matrix that consists of line-...
human resources - I am preparing a line budget and a functional budget. I need ...
hsm/220 - could you tell me if i did this assignment right? Budget items ...
For Further Reading
