Develop the annual budgets (i.e. personnel, operational, and capital) for the newly created UHS HIM department. Utilizing the information in HIT 266 FINAL PROJECT INTRODUCTION document (bottom of Module 2 page), provide a brief written description of the combined budget. Be sure to include the rationale for additional expenses and/or reduction in expenses. Budgeting assumptions include:

o Fringe benefits are to be calculated at 30% of annual salary

o A 2% merit raise should be budgeted that will go into effect on July 1, 20XX.

o UHS has a “no overtime” policy. Therefore, overtime should not be budgeted.

o The additional space allotted to the UHS HIM Department on the University Hospital campus requires renovation at a cost of $27,000. Due to other priorities, the renovation will not be able to take place until after December 31, 20XX. Therefore, the cost of the renovation will need to be included in the capital budget.

o A completed capital expenditure approval form must be submitted for the renovation discussed above