Note. You will use this assignment as a basis for your Learning Team assignment due in Week Six.
Resources: Budgets under Chief Financial Officer in the Patton-Fuller Community Hospital Virtual Organization, University of Phoenix
Material: 2010 Operating Budget Projection, Health Care Budget Grading Criteria located on your student website
Review the 2009 Operating Budget Projections and the assumptions following the projected numbers in the Budgets tab under Chief
Financial Officers in the Patton-Fuller Community Hospital Virtual Organization on the student website.
Assume the 2009 projections were realized.
Use the University of Phoenix Material: 2010 Operating Budget Projections.
Develop a budget for Patton-Fuller Community Hospital based on the 2009 Operating Budget and the 2010 Operating Budget Assumptions.
Write a 700- to 1,050-word paper in which you do the following:
Discuss which financial management practices are most effective in creating and monitoring an operating budget.
Discuss which financial management practices are least effective in creating and monitoring an operating budget.