2009 Budget Challenge

Alhamdulillah.. at last. I've completed the 2009 budget planning for my department, at least for today. My new job scope should be a simulator specialist, not finance. But who cares, as long as I could learn s0mething new. Today was my first time in a budget challenge session... I did not expect that the session was that tense. But the outcome was good. Budget challenge makes we think twice before we spend.

By the way, basically budgeting for a department in my company works this way: we would have Operational Expenditure (OPEX) and Capital Expenditure (CAPEX).

OPEX is any rutine or daily expenditures such as salaries, computer leasing and rental cost, and utility bills.
In the other hand, CAPEX is divided into two (2), operational and development.
Operational CAPEX is expenditures related with operational matter. For example: Changing of deteriorated conveyor belt and its roller or something like resurfacing of runway.
Development CAPEX refers to any budget allocated for any new development works such building up new terminal building.
Then there is also CAPEX budgeting for Fixed Asset to be procured. For example: purchase of new file cabinet, computers etc.

It sounds simple. But when the numbers started to spin in your mind, the dizziness will pay you a visit... heh heh.. by the way, I had put 12Mil for my OPEX, and 87K for my CAPEX... :-)