Envisioning a new plan, program, or initiative that has the potential to benefit a community, city, state, or nation is relatively easy. The most difficult aspect of embarking on this journey is determining how to finance this inspired plan, program, or initiative. Locating appropriate funding sources is a large task made more difficult by each funding sources’ specific rules and regulations governing the use and distribution of funds. It is a tremendous challenge to be sure, but not an insurmountable one.
This week, you will explore the financial needs and possible funding sources associated with implementing your selected public health solution. You also consider funding challenges and strategies related to addressing those challenges.
Learning Objectives
Students will:
- Analyze budget line items, costs, sources of revenue, and deficits
- Analyze the fiscal soundness and long-term viability of a selected public health initiative
- Analyze the relationship between public health expenditures and public health outcomes
- Analyze expenditure and revenues associated with public health initiatives
Project: Scholar-Practitioner Project
Part 2: Financial Accounting AnalysisFor this part of your Scholar-Practitioner Project you will develop a financial accounting analysis of the public health initiative you selected in week 2. In your analysis be sure to incorporate return on investment, time-value of money, and inflation factors.The financial accounting analysis should include:
- A 5-year proposed budget including major line items. Please use PHS398 form page 4 and PHS 398 form page 5.
- See blank forms for proposed budget on NIH grants page located here:
Grant Application PHS 398 U.S. Department of Health and Human Services Manual
- An analysis of budget line items, costs, sources of revenue, and deficits
- An analysis of the fiscal soundness and long-term viability of the public health initiative
Be sure to review the example budget in the Resources area of Week 9Assignment length: 5–6 pages
Expert Solution Preview
The assigned task involves developing a financial accounting analysis of a public health initiative. The analysis requires a 5-year proposed budget, which includes major line items, an analysis of budget line items, costs, sources of revenue, and deficits, and an analysis of the long-term viability of the public health initiative. Additionally, students are expected to incorporate return on investment, time-value of money, and inflation factors in the proposed budget analysis. The analysis should be 5-6 pages long and follow the PHS398 form pages 4 and 5. The major challenge of the project is to identify appropriate funding sources for the proposed public health solution and determine whether it is financially viable and sustainable over the long term.
