Overall Plan, Annual Operating Budget, and Capital Expenditure Plan
Requires the Agency, under the direction of the governing body, to prepare an overall plan and an annual operating budget, a three-year capital expenditure plan whenever capital expenditures are anticipated, and to review and update the plan, budget, and capital plan at least annually, supported by an effective budgeting and accounting system.
About this policy
- Policy number
- GA-HH-BUS-01
- Version
- 1.0
- Main rule
- Ga. Comp. R. & Regs. 111-8-31-.07(7)
- Library
- Georgia home health · 56 policies
- Category
- Business
- Sections
- 16
In short
- Every year the governing body approves a plan and a budget so we can staff every visit we accept and pay everyone on time.
- If we plan to buy major items such as vehicles or equipment, we keep a three-year plan for them.
- Managers watch spending against the budget each month.
- If you see waste or misuse of Agency money or supplies, tell the Administrator.
What's inside
16 sections. The full text comes with the One-time Policy Pack.
- Terms of Reference
- 1. Purpose
- 2. Scope
- 3. Definitions
- 4. Policy Statement (Ga. Comp. R. & Regs. 111-8-31-.07(7))
- 5. Preparing the Plan and Budget
- 6. Content
- 7. Monitoring and Annual Update
- 8. Accounting System
- 9. Responsibilities
- 10. Records and Compliance Monitoring
- 11. Staff Training
- 12. References
- 13. Related Policies and Forms
- 14. Approval
- 15. Revision History
An inspector may ask
- Show me your overall plan and this year’s operating budget, and the minutes where the governing body reviewed them.
- Do you anticipate any capital expenditures? Show me the three-year capital expenditure plan.
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