Thus far, you have identified a health or healthcare problem and completed your needs assessment for this program. You decided to use the logic model for your program planning and have already started building the model.
Now, you must plan the budget for your program. Budgeting is the process of creating a plan that shows when the money will be spent, why it will be spent, and whether it will be covered by income from a funding source. No matter what the need for a program is, it requires a well-planned budget. Without a well-estimated, pre-approved budget, no program can move forward.
In this assignment, you will fill in the Proposed Program Budget Template provided for your program with appropriate figures and then give the rationale for your budget estimations. Before your program plan can be implemented, your senior management needs to know the costs associated with the in-house and acquired resources for the first 12 months of your program, the costs incurred once, and the ongoing expenses. They also need you to determine the expected sources of program income, which may include revenue from billing, savings, donations, or grant funding, along with the amount expected from each source. You will provide the estimated program budget to your senior management to help them make financial decisions related to your program.
Fill out your proposed first-year program budget, and write a reflection on the items you included in the budget, as well as their estimated costs or revenues.
Specifically, you must address the following rubric criteria:
Note that all the claims in your deliverable should be evidence based. Your citations should be from your independent search for evidence (not from the scenario, textbook, or module resources) of credible sources and be current within the last five years. You are required to cite a minimum of one source overall. Refer to the Shapiro Library Guide: Nursing—Graduate located in the Start Here section of the course for additional support. If you need writing support, access the Online Writing Center through the Academic Support module of your course.
Your submission should include both your completed Proposed Program Budget Template and a 2- to 3-page Word document with your reflection. Also include a title page. Use 12-point Times New Roman font, double spacing, and one-inch margins. Sources should be cited according to APA style.