See: Penner, Susan J. (2013). Economics and Financial Management for Nurses and Nurse Leaders, 2nd ed. New York: Springer Publishing Company. http://www.springerpub.com/product/9780826110497#.UOtV2axCrTo
2. Why think about the rows?
• The rows or “lines” of a budget show what
the budget reports.
• Budgets are often divided into sections
• Our focus is on operating expense
budgets
– Personnel: staffing expenses
– Non-personnel: supplies and other expenses
4. Table 1. Nursing Unit Expense Budget
Variance
20 staffed beds, June 2013 ($ thousands).
The title of the budget report:
• Where?
– The setting for the nursing microsystem
• What?
– The purpose of the budget report
• When?
– The time period and date
• Any other relevant notes
• APA formatting for academic work
10. Key Points to Remember
• The title contains valuable information
• The rows or “lines” of a budget show what
the budget reports
• Greater detail in reporting allows for closer
review and control
• Budgets are often divided into sections
with sub-totals for each section
• Budget totals provide a quick overview of
performance