For 2011, develop a statistical budget; then develop a revenue budget (using a financial model, determine whether to increase rates and if so, how much) and an expense budget in Statement of Operations format including detailed footnotes explaining any changes in the numbers.
I would like to see at least four different expense scenarios:
i. maintain expenses at 2010 levels after adjusting for volumes and mandated expenditures identified in earlier steps;
ii. maintain expenses at 2010 levels after adjusting for volumes and mandated expenditures identified in earlier steps and honoring all requests (i.e., raises, additional personnel, etc.);
iii. cut expenses (from expense scenario #1) in order to break even in 2011; and
iv. cut expenses (from expense scenario #1) in order to break even in 2011 and recover FY 2010 losses.