Science
Columbia Southern University Unit II Finance of EMS Revenue Project

Columbia Southern University

Question Description

In Unit II, you were given several options of organizations to choose from, and you were asked to draft a response regarding

the organization’s goals. This is the basis for your rationale. Here is where you explain the organization and its financial

needs to the individuals tasked with approving your requested budget.

You should start on the spreadsheet template (linked below) and include the rationale, which you submitted for Unit II. Make

sure you reference and cite (in APA format) any demographic information you list, as well as any other information you have

used from your research. Even though it is a fictional organizational budget, you cannot make up the numbers.

This exercise is also an opportunity to determine the methods of obtaining revenue for the EMS organization serving as the

focus of your comprehensive budget project. Begin thinking critically about how your EMS organization will generate revenue

by listing the revenue line items on a budget sheet where you can calculate the total revenue for the budget. There are

several different methods of generating revenue, and the methods used can vary greatly for both non-profit organizations

and for-profit organizations.

Click here to download a template for the entire project, and insert details into the revenue section of your budget by

including each of the following:

Rationale for the budget in the Rationale section of the spreadsheet,

at least eight methods of generating revenue (insert the descriptions and reference citations),

the amount of each line item in the appropriate column,

the quantities for each line item, and

any references cited on the last page of the template.

Unformatted Attachment Preview

Budget Sheet | [insert the type of EMS service here] Rationale BUDGET SHEET | PAGE 1 Budget Sheet | [insert the type of EMS service here] Revenue (Income) DESCRIPTION (to include citations) Revenue (Income) Total: BUDGET SHEET | PAGE 2 Amount $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 Budget Sheet | [insert the type of EMS service here] Personnel DESCRIPTION (to include citations) Price/Rate Quantity Costs $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 Total Personnel Costs: BUDGET SHEET | PAGE 3 Budget Sheet | [insert the type of EMS service here] Administration DESCRIPTION (to include citations) Price/Rate Quantity Costs $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 Total Administration Costs: BUDGET SHEET | PAGE 4 Budget Sheet | [insert the type of EMS service here] Maintenance DESCRIPTION (to include citations) Price/Rate Quantity Costs $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 Total Maintenance Costs: BUDGET SHEET | PAGE 5 Budget Sheet | [insert the type of EMS service here] Capital Equipment DESCRIPTION (to include citations) Price/Rate Quantity Costs $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 Total Capital Equipment Costs: BUDGET SHEET | PAGE 6 Budget Sheet | [insert the type of EMS service here] Training DESCRIPTION (to include citations) Price/Rate Quantity Costs $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 Total Training Costs: BUDGET SHEET | PAGE 7 Budget Sheet | [insert the type of EMS service here] Supplies DESCRIPTION (to include citations) Price/Rate Quantity Costs $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 Total Supplies Costs: BUDGET SHEET | PAGE 8 Budget Sheet | [insert the type of EMS service here] Facilities DESCRIPTION (to include citations) Price/Rate Quantity Costs $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 Total Facilities Costs: BUDGET SHEET | PAGE 9 Budget Sheet | [insert the type of EMS service here] Overview of Operational Costs DESCRIPTION (to include citations) Personnel Costs Administration Costs Maintenance Costs Capital Equipment Costs Training Costs Supplies Costs Facilities Costs TOTAL OPERATIONAL COSTS: Costs $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 $0,00 BUDGET SHEET | PAGE 10 Budget Sheet | [insert the type of EMS service here] Budget Analysis DESCRIPTION Amount Total Operational Costs: $0,00 Revenue (Income) Total: $0,00 RESULTING BALANCE (TOTAL OPERATIONAL COSTS MINUS TOTAL REVENUE): $0,00 BUDGET SHEET | PAGE 11 Budget Sheet | [insert the type of EMS service here] References BUDGET SHEET | PAGE 12 Unit II Project Natasia Howell Columbia Southern University October 16, 2017 Part I Type of Organization Example Organization Web link, contact information, or address Fire Department (First Responders) Cincinnati Fire Department http://www.cincyfireapparatus.com/cincinnati.html Fire Department (EMS Transportation) City of Two Rivers Fire Department http://www.two-rivers.org/fire/emer-ser.php Hospital (EMS— Non-Profit) Community EMS http://www.communityems.org/ Hospital (EMS—ForProfit) Englewood Hospital and Medical Centre https://www.englewoodhealth.org/englewoodhospital-and-medical-center-one-of-four-hospitalsin-new-jersey-to-receive-prestigious-accreditationfor-emergency-medical-services 911 Communications and Dispatch Center TCOMM 911 http://tcomm911.org/ Ambulance Service (Non-Profit) Sierra Ambulance Service www.sierraambulance.org/ Ambulance Service (For-Profit) Richmond County Ambulance Services http://www.rcambulancenyc.com/ Public Utility Model Organization Emergency Medical Services Authority http://www.emsa.ca.gov/ Air Transportation (helicopter transport) REACH Air Medical Services https://reachair.com/ Part II The budgetary goal for the Rural ALS/BLS Ambulance Service is to generate about $2.4 million. This would be achieved by the establishment of better partnerships with the other EMS organizations. Therefore, other than the normal EMS organization expenses, a significant budgetary need is to organize for activities such as capacity building for the Rural ALS/BLS Ambulance Services with the other EMS organizations. Such activities will incur expenses which should be budgeted for, to allow efficiency. The budget should also include other plans or activities that are geared towards fostering better partnerships with other EMS organizations. The Rural ALS/BLS Ambulance Service expects to increase its spending towards fostering better partnerships. The investment will be worthwhile considering that collaborating with other EMS organizations will increase the business prospects for the Rural ALS/BLS Ambulance Services. As such, financial management is critical in the development of this budget so that to ensure the available scarce resources are allocated appropriately, and adequately to the purpose of establishing better partnerships. Poor financial management skills would lead to misappropriation of funds, as well as allocation of inadequate funds towards the goal, which would be retrogressive in nature (Tennent, 2014). Reference Tennent, J. (2014). Guide to financial management. New York: Public Affairs. ...
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Final Answer

Below is the response. I only had to do the revenue part as per t...

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