Explain the role of key leadership in the budgeting process, from the chief executive officer down through to the staff level of a financial analyst.

As a member of the finance team, you have been asked to forecast the upcoming year’s operational budget for Krona Community Hospital. How do you think that revenue would increase in each of the areas? Think outside of the box, and perform research to determine current trends in those areas. Why would there be a forecasted need to increase payroll and benefits? Explain the role of key leadership in the budgeting process, from the chief executive officer down through to the staff level of a financial analyst.