¶ … budget document you selected.
The organization that was selected is the city of Los Angeles, California. This is because the government has been facing challenges from the lingering effects of the recession and there is a projected budget deficit of $1 billion for the 2013 to 2014 period. The documented that was selected is the Mayor's 2012 to 2013 Budget Proposal. This will provide specific insights, as to how officials are addressing these challenges and their long-term impact on various programs. ("2012 -- 2103 Budget Proposal," 2012)
Identify the specific type of budget document you selected.
The basic type of budgeting that is utilized is the zero based approach. This is when there is a focus on using the events and budget from the previous year to make determinations about the current situation. When this happens, the budget is adjusted upward or downward to address these realities and provide a certain...
Budget plan is a quantitative expression of planned income and expenses for a given financial year. A budget contains an estimated projected expenses and revenue for a financial year. A budget also reveals the estimated costs, expenses, liabilities and assets and the cash flows for a fiscal year. Syracuse is an historic city based in Sicily, and the city budget for 2011-2012 fiscal years is to achieve a balanced between
Budget Airlines: The Destruction of Australia's Domestic Tourism Industry or Convenient Way to Travel Internationally? With such a beautiful and exotic national landscape, one can immediately garner why Australia is a travel destination for many tourists. However, it is easy to overlook the fact that many of these tourists, whose travel is crucial to the Australian economy, are in fact native Australians looking to explore their vast and varied national landscape. One
Budgeting as an Adequate Tool for Planning and Control in Organizations: A budget apart from being a coordinated and comprehensive financial plan for the resources and operations of a given future period is also intended to promote the managerial functions of control and planning. Over the years a budget has been perceived as a tool for forced planning as it constitutes the most important and basic management functions since other managerial
Municipal Budget Analysis The objective of this work in writing is to assess the budget of the Municipality of Chicago, Illinois in terms of how well budget documents and auxiliary information address each of these functions. The assessment will be substantiated with examples and information from documents studied. This work will examine a variety of sources including the most recent approved budget of Chicago, Illinois. The City of Chicago 2011 budget includes
Public Administration Budgeting PA Budgeting Budgeting for Public Administration Budgets are used in addressing various purposes including management and control as well as communication of goals, successes, the public entity's philosophy and explain the various departmental functions. Public administration professionals must be able to analyze the financial health of an entity by examining the budget. This work will assess how well available budget documents and auxiliary information address each of these functions on
GFOA (Government Financial Officers Association) publishes criteria for awards that it uses as a means of enticing government agencies and their financial officers to improve the caliber of financial reports. In the private sector, consistency and usefulness in financial statements is enforced through different accounting standards that are set by a body and to which all publicly-traded companies must adhere. There is no government equivalent with respect to financial reporting.
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