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#Excel 2002 monthly home budget spreadsheet how to#
#Excel 2002 monthly home budget spreadsheet Pc#

Using a ‘capital cost adjustment factor’, proportional to the degree to which a home/room falls short of national minimum physical environment standards.A ‘good’ or ‘excellent’ rating for a home as a prerequisite for these ‘fair market fee’ levels.Basing ‘spot’ purchase fees on a benchmark rate of 12 per cent yearly return on capital, reflecting investors’ perception of care homes as a moderately risky business activity.Costs were higher in more affluent parts of England and in London. For the 2008/09 financial year, fair market fees for operating a modern, efficient care home outside London were £665 per week for nursing care (all categories of older people), £538 for the personal care of frail older people, and £566 for those with dementia.

Four principal care home cost categories are: staffing repairs and maintenance other current costs and capital costs (including investors’ and operators’ returns).

Using 2008 benchmarks, the study guides users through its associated spreadsheet and advises on modifications to reflect local market conditions Key points This study refines the formula published by the JRF in 2002 (revised 2004) for calculating reasonable fees, based on the operating costs of efficient care homes for older people in England. Read the second edition of Calculating the costs of efficient care homes, published in 2004.

#Excel 2002 monthly home budget spreadsheet how to#

Please refer to the full report for details of how to use the spreadsheet. Please note: Neither The Policy Press nor the Joseph Rowntree Foundation can deal with enquiries relating to the functionality of the spreadsheet. Note that the hyperlinks will no longer work if either of the file names are changed. All of the parameters set in the toolkit spreadsheet may be varied, if desired, to test the effect on calculated fee levels.

#Excel 2002 monthly home budget spreadsheet Pc#

In order to make use of this facility, the Word and Excel files should be saved in the same folder on a PC running a Windows operating system.

A downward revision in the target rate of return on capital from 13% to 12%.

New staff input and other cost benchmarks derived from a survey of major corporate operators of care homes in 2008.

A new and simplified approach to working out ‘floor’ and ‘ceiling’ fair fees.

Calculating a fair market price for care offers a transparent and evidence-based mechanism for working out what such fees should be, based on the costs borne by care homes in the financial year 2008/09. However, most public sector funding agencies do not currently offer fees that are sufficient to encourage care home operators to invest in new capacity for state-funded clients. The demands resulting from an ageing population means that more care homes will be needed in the future. The data we collect remains strictly anonymous. ON OFFĪnalytics Cookies enable us to use Google Analytics and Siteimprove to help us improve our website by collecting data on how you use it. We use some cookies that should allow you to share content from our website on your social media platforms and email.

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Calculating the costs of efficient care homes.