Submitted by: Submitted by MissV1979
Views: 295
Words: 419
Pages: 2
Category: Business and Industry
Date Submitted: 07/01/2013 06:52 PM
| |Huffman Trucking |
Memo
To: Department Managers
From: Lavern Francis LF
CC: Mario Ramiro, Danelle Droze
Date: June 17, 2013
Re: Financial Budget
Team B has been instructed to provide the financial portion of Huffman Trucking’s strategic plan. This portion will contain a spreadsheet for each department manager to complete their budget including an area to list major assumptions.
Below is a list of the Financial Management team and their roles in creating a strategic plan.
• Mario Ramiro will be responsible for drafting the budget spreadsheet from information obtained from our accounting and finance department.
• Lavern Francis will be responsible for providing information on how to complete the budget spreadsheet and also providing information on how to prepare a cash flow budget, and how to time cash coming in and going out.
• Danelle Droze will be responsible for compiling both the budget spreadsheet and the instructions and presenting it to the Department Managers.
It is important that the budget is completed correctly on the spreadsheet in each department to determine whether external functions are needed. We are hoping to become a one stop shop and key logistics company.
The Marketing budget should show new incurred costs from working with ABC Marketing Agency who advises us on the type, frequency, and content of new messages. There will be some incremental expenses however, the existing budget is fixed.
The Sales budget is also 100% fixed as far as revenue is concerned, however we will be looking to add four managers with a base combined salary of 200K and 2% commission of generated revenues.
The Human resources budget will only change if someone is recruited and hired, on training, and fees for drug...