Problem 1
Prepare a salary budget for the Fiscal year 7/1/XI to 6/30/X2. Staffing levels are based on the need for six hours of handson work per patient day. Volume in the budget year is to be 3.600 patient days. Productive time is 80 percent of total paid time. For purposes of this solution, staff can be hired only in half FTE increments; thus if there is a need for 7.4 FTEs. 7.5 must be budgeted. The following are the current staff with FTE values and hourly rates of pay as of 4/10(1:
|
King
|
1.0
|
514.03
|
|
Law
|
1.0
|
1310
|
|
Rogers
|
1.0
|
13.50
|
|
Ruby
|
1.0
|
14.03
|
|
Skate
|
0.5
|
1275
|
A pay raise will be given to all staff on May 1 01 oath year at a rate Of 6 percent. The starting rate of pay for new hires is 313.00 regardless of hire date.
Problem 2
Using the information pros ided. prepare a salary budget for FYX3 (7/I/X2 to 6/30/X3). Volume in the budget year will be 3.000 units of service, and staff needs are for five houn of hands-on work per unit of service. Deductive time is 85 percent of total paid time. For purposes of this solution, the assumption is that staff can be hired only in half FTE increments. A pay raise will be given to all staff (and 19 the starting rate of pay) on lune I and December I of each year at a rate or 6 percent.
The following are the current staff with FTE values and hourly nits of pay as of March 8. 19X2:
|
Critz
|
1.0
|
$14.50
|
|
Zeri
|
0.4
|
13.50
|
|
Goel
|
1.0
|
15.00
|
|
Taft
|
0.5
|
13.75
|
|
Freeman
|
0.6
|
14.60
|
|
Starting Rate
|
|
13.00
|