This document outlines the key considerations for budgeting at a hotel management institution. It lists the various operational costs that require budgeting, such as conducting practical training, scheduled maintenance, departmental activities, conferences, refurbishments, new equipment purchases, and outsourcing. The budget decisions are made based on factors like department size, semester, menu items, and planned activities. Overbudgeting can lead to issues like overstocking, under skilled staff not using funds properly, pilferage, food/drink waste, and selecting the wrong vendor quotes.

1. Hotel Management- Institutional
Budget

2. Budget requires for
• Conducting practical's of each
departments/operational cost.
• For scheduled maintenance
• For departmental activity
• For conference/ symposium
• For refurbishment and construction
• For purchasing new equipment/uniform
• For outsource learning partners.
• For liaisoning

3. Decision of Departmental Budget
1. Based on strength of section
2. Based on semester
3. Based on menu/practical/manual
4. Based on departmental activity

4. Consequences of over budgeting
• Overstocking of an ingredients
• Under skilled staff does not know how to
utilise the budget
• Pilferage.
• Food and drinks wastage
• Wrong selection of quotations.