Budget Comparison of Two Budget Types or Approaches

Budget Comparison of Two Budget Types or Approaches

There are multiple different types of budgets. Compare and contrast at least two (2) different types budgets highlighting organizational benefits. Which of the two types do you think is most beneficial or advantageous to organizations, and why or how? 

Your initial post should be at least 300 words credibly supported with one current (no more than 7 years old) scholarly source that you briefly cited and referenced in keeping with ethical scholarship.

Introduction

The most common six types of budgets for mental health organizations are compared and contrasted in Week 1. Sources of income for a mental health facility budget are also identified and evaluated in context to the organizational goals, mission, and vision. You will also begin creating a real or hypothetical organization-wide budget for a mental health facility of your choice. You will find the assigned readings helpful in understanding how to write your budget introduction as well as responding to the budget comparison question. The websites listed will help you with the Practice Identification/Evaluation discussion and the videos provided will increase your understanding of the Board’s role in budgeting and financial management of the organization.

Resources

Readings 1. Textbook:   Dropkin, M., Halpin, J., & LaTouche, B. (2007).  The budget-building book for nonprofits  (2nd ed.). Jossey-Bass.           Chapter 1: Why Budgets and Budgeting are Important to Nonprofits          Chapter 2: Understanding Basic Types of Nonprofit Budgets: Overview          Chapter 3: Key Board and Staff Roles and Responsibilities in Nonprofit Budgeting          Chapter 4: Establishing Budget Guidelines. Priorities, and Goals          Chapter 5: How different Sources and Types of Income can Affect Budgeting          Chapter 6: Strategies for Developing Organization-Wide Operating Budgets 2. Websites:

 Sperling (2015, February 20). President Obama’s 2016 budget: What does it mean for mental health?  https://www.nami.org/About-NAMI/NAMI-News/2015/President-Obama-s-2016-Budget-What-Does-It-Mean-f (Links to an external site.)

The Substance Abuse and Mental Health Services Administration (2015). The Substance Abuse and Mental Health Services Administration operating plan for FY2016.  https://www.samhsa.gov/sites/default/files/fy2016-samhsa-operating-plan.pdf (Links to an external site.)

Health Services Administration (SAMHSA). Retrieved from  https://www.samhsa.gov/health-financing/implementation-mental-health-parity-addiction-equity-act (Links to an external site.)     Office of Budget (OB), (2017). HHS FY 2017 Budget in Brief. U.S. Department of Health & Human Services. Retrieved from  https://www.hhs.gov/about/budget/fy2017/budget-in-brief/index.html (Links to an external site.)

    Office of Budget (OB), (2017). HHS FY 2018 Budget in Brief. U.S. Department of Health & Human Services. Retrieved from  https://www.hhs.gov/about/budget/fy2018/budget-in-brief/index.html (Links to an external site.) Recommended Multimedia BoardSource, [BoardSource]. (2012, April 3). Responsibilities of Nonprofit Boards – 6 of 10 – Ensure Adequate Financial Resources [Video File]. Retrieved from  https://youtu.be/9w9myx-5xok (Links to an external site.) BoardSource, [BoardSource]. (2012, April 5). Responsibilities of Nonprofit Boards – 7 of 10 – Protect Assets and Provide Financial Oversight [Video File]. Retrieved from  https://youtu.be/7NhRLNo6AEU

Week 1 – Discussion 2

Practice Identification/Evaluation

You will choose a real or hypothetical mental health related practice for your Budget Assignments in this class. Whether this is a non-profit or for-profit sole proprietorship, limited liability corporation, sub-s corporation, or other, you will need to identify the sources of income based on your prospective clientele.

After reviewing the  current 2021 SAMHSA budget (Links to an external site.) , discuss at least two(2) different types of mental health clientele payer sources (e.g., private pay, traditional health insurance, Medicare/Medicaid, managed care, grants). Then, differentiate between them by explaining at least one strength and one weakness from a budgetary perspective.

Your initial post should be at least 300 words and credibly supported by at least one brief cited and referenced current scholarly source no more than 7 years old. The post should focus on current realities.

Resources

Readings 1. Textbook:   Dropkin, M., Halpin, J., & LaTouche, B. (2007).  The budget-building book for nonprofits  (2nd ed.). Jossey-Bass.           Chapter 1: Why Budgets and Budgeting are Important to Nonprofits          Chapter 2: Understanding Basic Types of Nonprofit Budgets: Overview          Chapter 3: Key Board and Staff Roles and Responsibilities in Nonprofit Budgeting          Chapter 4: Establishing Budget Guidelines. Priorities, and Goals          Chapter 5: How different Sources and Types of Income can Affect Budgeting          Chapter 6: Strategies for Developing Organization-Wide Operating Budgets 2. Websites:

 Sperling (2015, February 20). President Obama’s 2016 budget: What does it mean for mental health?  https://www.nami.org/About-NAMI/NAMI-News/2015/President-Obama-s-2016-Budget-What-Does-It-Mean-f (Links to an external site.)

The Substance Abuse and Mental Health Services Administration (2015). The Substance Abuse and Mental Health Services Administration operating plan for FY2016.  https://www.samhsa.gov/sites/default/files/fy2016-samhsa-operating-plan.pdf (Links to an external site.)

Health Services Administration (SAMHSA). Retrieved from  https://www.samhsa.gov/health-financing/implementation-mental-health-parity-addiction-equity-act (Links to an external site.)     Office of Budget (OB), (2017). HHS FY 2017 Budget in Brief. U.S. Department of Health & Human Services. Retrieved from  https://www.hhs.gov/about/budget/fy2017/budget-in-brief/index.html (Links to an external site.)

    Office of Budget (OB), (2017). HHS FY 2018 Budget in Brief. U.S. Department of Health & Human Services. Retrieved from  https://www.hhs.gov/about/budget/fy2018/budget-in-brief/index.html (Links to an external site.) Recommended Multimedia BoardSource, [BoardSource]. (2012, April 3). Responsibilities of Nonprofit Boards – 6 of 10 – Ensure Adequate Financial Resources [Video File]. Retrieved from  https://youtu.be/9w9myx-5xok (Links to an external site.) BoardSource, [BoardSource]. (2012, April 5). Responsibilities of Nonprofit Boards – 7 of 10 – Protect Assets and Provide Financial Oversight [Video File]. Retrieved from  https://youtu.be/7NhRLNo6AEU

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