Need help to complete assgnmnt for HSM 220 due Sunday 10/12 - will attach the Appendix C upon request, not enough room to post on site. Various budget approaches play an important role in resource allocation in human service org. The matrix budget consists of line-item, functional and program budgets. You are an executive director for a local gov't workforce agency that focuses on providing career-and-work related skills. The Dept. of Educ. has awarded your agency with grant funding of $1.6 million to provide training programs to high school dropouts. The funded programs are basic work skills training program and a vocational program. You are preparing a budget matrix to present to the awarding agency.
I have no idea what's in Appendix C, but after creating special programs' budgets for 7 years in a school district, I know that these are the items to be taken care of ... in this order:
1. all personnel costs (salaries, FICA, etc., including allowances for any overtime expected)
2. all building costs (rents, electricity, water, etc.)
3. all costs related to analyzing and reporting on the program's progress
4. all costs for instructional materials (including any taxes and shipping charges)
There are other items you'll think of along the way, but these are the main costs ... in order!
I need help with appendix c
Just cant think of this or get it together right now my mind is so far off. I just need help.
To complete your assignment, you need to prepare a budget matrix to present to the awarding agency for your local government workforce agency. The budget will outline how the grant funding of $1.6 million will be allocated to provide training programs to high school dropouts, specifically a basic work skills training program and a vocational program.
Here is a step-by-step guide on how to prepare the budget matrix:
1. Start by creating a spreadsheet or table to organize your budget information. Include columns for the budget categories and rows for the specific program components.
2. The first budget approach to include in the matrix is the line-item budget. This approach breaks down the budget into specific line items such as salaries, supplies, equipment, and other expenses. Allocate funds to each line item based on the estimated costs for the program components.
3. The second budget approach is the functional budget. This approach groups expenses based on the functions or activities they support. Identify the different functions related to your programs, such as training materials, instructor salaries, facility rental, and administrative overhead. Allocate funds to each function based on the estimated costs.
4. The third budget approach is the program budget. This approach focuses on the specific programs or services provided. In this case, you have two programs - the basic work skills training program and the vocational program. Break down the expenses for each program, including instructor salaries, instructional materials, equipment, and any other program-specific costs. Allocate funds to each program based on the estimated costs.
5. Include a separate row or column in the budget matrix to calculate the total allocation for each line item, function, and program.
6. Once you have completed the budget matrix, review and double-check your calculations to ensure accuracy.
7. Prepare a summary or narrative explaining the budget matrix and how the grant funding will be allocated to the different program components.
8. Finally, present the budget matrix and associated documentation to the awarding agency. Clearly articulate how the funds will be utilized to provide training programs to high school dropouts and how it aligns with the agency's goals and objectives.
Remember to include any necessary supporting documents, such as the Appendix C, when submitting your assignment.
Good luck with your assignment!