CRITERIA for preparing the WRITTEN REPORT:

To develop a operating budget for a Revenue Producing Department.

Requirements:

1. Briefly describe the Objectives or Function for the Department you selected

2. Select and describe two different Revenue sources that are important services from the department selected

3. Project the expected volume for these services

4. Develop a expense budget for these two services inclusive of variable and fixed costs

5. List and describe the key assumptions used for both the revenue and expense portion of the financial plan

6. Identify the key references utilized

7. Briefly describe the method you may have used in preparing the financial plan, for example a conventional or zero based budgeting approach.

The written report is worth 220 points and will be due on Friday of Unit 7.

This assignment will require between 3 and 5 pages to complete.

Information from Chapter 6 will help in preparing your report.