Allocation of financial resources to the different department can be done based on the past experience of the expenses and other available relevant information. Looking at the requirement of the organization, I find that the budget should be allocated for Payroll Payment and other employee payments, for purchase of food and beverages, for housekeeping and related purchases and utilities (operating expenses) for the rooms, restaurants and banquets and other general and administrative expenses. The allocated budget is as below:-
|
2012 E
|
2011
|
2010
|
Remark
|
|
Revenue
|
|
|
|
|
|
Rooms, Restaurants and Other services
|
1312
|
1093
|
920
|
Increase by 20%
|
|
Food & Beverages
|
667
|
580
|
489
|
Increase by 15%
|
|
Other Income
|
50
|
51
|
111
|
In line with 2011
|
|
Total Income
|
2029
|
1724
|
1520
|
|
|
Expenses
|
|
|
|
|
|
Food and Beverages Cost
|
156
|
136
|
113
|
23.45% of sales value
|
|
Employee Payment
|
478
|
416
|
360
|
Increase by 15%
|
|
Other Operating Expenses
|
374
|
325
|
269
|
Increase by 15%
|
|
General Expenses
|
406
|
387
|
361
|
Increase by 5%
|
|
Total Expenses
|
1415
|
1264
|
1103
|
|