Budgeting Procedures for Housing Managers. Participant's Workbook

摘要

The workbook on budgeting procedures for housing managers was developed by HUD to upgrade management skills in HUD-related housing. Many of the principles presented should be applicable to multifamily housing management practices in the private sector. The overall goal of the workshop is to enable managers to implement a comprehensive budgeting system. The workbook defines the budget as a plan expressed in quantitative terms whose end product is improved planning and coordination and more effective organizational control. Furthermore the budget is useful as a communications device that can motivate managerial staff at all levels; at the end of the fiscal year, it functions as an evaluation standard. The workbook discusses types of budgets (operating budgets, cash budgets, and capital expenditure budgets) and how to use a budget. Sample forms include the manager's monthly budget, the annual budget request, the annual budget summary, and the manpower budget. The workbook also describes budget projections and ratio analyses. Typical ratios (vacancy rate, current ratio, resident turnover ratio, expense ratio) and what they attempt to reflect are presented. A posttest, skill test, and a bibliography are included.