Tuesday, February 4, 2020
Budget for Foster Adoption Center Assignment Example | Topics and Well Written Essays - 750 words
Budget for Foster Adoption Center - Assignment Example The assignment "Budget for Foster Adoption Center" is based on the tabulated budget. Justification of the funds allocated in each budget section can be summarized as follows; direct costs, which represent, costs incurred in the performance of the project and for this intention be granted reasonable and allowable amount. With the sole responsibility of ensuring the smooth daily running of the program, direct cost is justified to attract an allocation of 144,300$ of the total monthly allocation of 209,600$. Direct costs comprise of expenditure groups such as salaries, consultantsââ¬â¢ fees, and employeesââ¬â¢ benefits. For example, under salaries, the executive had the biggest share of 25,000$ because of the nature of the job in terms of responsibilities to be undertaken. For the case of social workers, their salaries amount to 50,000$ with an explanation based on the calculation rate of 5 workers with a salary of 5,000$ each. Based on this, they are justified to attractive packa ges or salaries to boost their morale and make them reach the set target as per the program objectives and aims of the organization. Consultation fees attracted 8,000$. This is paid to individuals not employed by the organization and therefore the number days will be put in consideration. This amount supported by the fact that, there are always additional costs such as travel and per diem included. According to Nice (2002), indirect cost or administrative costs are not usually specific but will still be considered as costs in the long run.
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