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LP09.2 Financial Project Assignment: Developing a BudgetThis assignment will assess the competency 8. Characterize the financial analysis of increasing specialty health care organizations.Directions: This project is due the Final Week of the class. In order to complete this project, it’s important to begin now.The final project will require that you develop a yearly budget for a healthcare organization. You will be given the required elements to include, but you can also include additional elements as you see fit. Students can complete the final project in one of two methods. The first is to conduct an interview with someone in a healthcare organization that is responsible for developing a budget for approval, and the second method involves developing your annual budget from the information in Chapter 16 using the elements from table 16-6.Option 1If you plan to conduct an interview, plan ahead for contacting potential candidates. Develop a script ahead of time to help explain your purpose, time required for the interview, and interview questions. Make sure the individual knows you are a student completing a final project in a healthcare finance course and all their information will not be made public and/or figures and names slightly changed to assure privacy. The goals are to learn about their process, strategies and goals, and not so much exact figures. Numbers do not have much value if the manager does not provide meaning, purpose and goals to the financial process.Option 2If you choose to complete the final project by using the textbook examples and information in Chapter 16 you will need to include all the budget categories in table 16-6. You may not use the financial information in table 16-6. This would mean a zero on the project.Your project should be formatted according to APA standard with:1. Cover page, listing your name, instructor’s name, assignment name and date2. 12 point font3. Double spaced4. No running header required5. Reference page