Finances

Financing Plan
Expenditures: Heating, Cooling, Insurance, Electricity, Maintenance and Taxes.

At the full capacity of 40 patients the average daily expenditure would be $27,397.26 a day. This would be broken down into salaries, utilities, food, supplies,medications and maintenance costs. Each meal would cost about $35 a day, plus snacks and supplements an additional $7, multiplied by 3 meals and 3 snacks a day for 40 patients would come to

Food Total= $1,680 per day.

What is a day without some profit and feeding the economy? I will take you through the normal business day for “Passions” and my financial plan. Any successful business requires one thing, energy. “Passions” requires around $50 a day of electricity for the facility or $1500 a month. Next, a vital part of the “Passions” stay is comfort and that comfort comes at a cost. Passions requires around $30 a day of heating and $70 of cooling also around $1350 a month for heating and $1200 for cooling. Water, now who doesn’t like water? “Passions” is an eco-friendly buyer and supporter of water and intermixes reclaimed water as well as fresh water. The water bill adds up to around $60 a day or $1800 a month. As you can see, expenses just pile up on a daily basis. Following, the largest expenditure is the salaries of the staff.

Total Utilities= $195/day







Staff:
Nurses (8) $70,000/year Total= $560,000/year

Psychiatrist (3) = $325,000 /year Total= $975,000/year
Physician (2) = $350,000/year Total = $700,000/year
Sports Physician (1) = $300,000/year Total= $300,000/year
Accountants (2) = $100,000/year Total= $200,000/year

Consultants (4) = $60,000 Total= $240,000/year

Eating Disorder Psychologist (8) $120,000/year Total= $960,000/year
Sports Clinical Therapist (1) $90,000/year Total= $90,000/year
Family Therapist (1) $100,000/year Total= $100,000/year

Cooking Staff (5)= $35,000/year Total= $175,000/year

Nutritionist (2)= $90,000/year Total= $180,000/year

Trainer (1) = $75,000/year Total= $75,000/year
Pharmacologist (1)= $180,000/year Total $180,000/year

Maintenance (6)= 20,000/year Total= $120,000/year

Special Services (1)= $15,000/year Total= $15,000/year
Recreation Help (2) = $15,000/year Total=$30,000/year

Medical Biller (1) = $20,000 Total= $20,000
Medical Center (3) = $30,000 Total = $90,000

Medical Director (1) = $370,000 Total= $370,000


$14,739.72/day


Advertising: $100/day

Supplies: $5,000/year



Medications: $182,500/year

Taxes: (Income and Property Tax) = $1,000,000/year (income tax) Based of the $3,100,00 profit, but $2,500,000 after tax deductions.

Income Tax = $2739.00/day


Property Tax: (10 acre property) $480,000
=$1,315.06/day



Property Insurance: $5,000/month
Mal-Practice Insurance; $25,000/month

Total= $5654.79