Budgeting, particular during pressing economic periods, is critical to the overall solvency of public organizations. Budgeting and proper forecasting provides a means for organizations to remain viable irrespective of the economic circumstances prevailing. History has proven that businesses along with public enterprises must endure various economy cycles and environments. The past decade has provided substantial evidence as to the importance of proper budgeting. Organizations that have failed to budget properly have suffered immensely in regards to lost reputation, profit and productivity. The subsequent decade will be no different in that regard. Budgeting in the public domain, must provide adequate reassurance that the public organization can withstands a litany of economic and monetary circumstances (Parks, 1991)
A budget provides organizations financial priorities in dollar terms. Particular in recessions or depression, public budgets, when analyzed, provide an idea as to the organizations priorities. During periods of mass euphoria and over optimism, budgets tend to reflect the positive confidence about future performance. This optimism is all too often overdone. When periods such as 2008 arise, many public organization are forced to cut many of the more discretionary aspects of the budget. What remains if often the core focus of the public institute as it relates to the organizations mandate (Muir, 1953).
One budget of particular interest is that of Miami-Dade county. Miami-Dade county is unique for its location, weather, and overall attractions. As such, the government must facilitate the exchange of not only...
The department also received the nationally sought-after recognition of being accredited through the Commission on Accreditation for Law Enforcement Agencies (CALEA) standards. As the 1990s came to a close, Miami experienced a continuing crime rate decline. In 1997, the crime rate dropped by 5%, and in 1998, the drop was another 11% in major crimes, followed by the same percentage decline in 1999. At the same time, the department
According to the research, "About half of that reduction is because the federal government won't be sending the $873 million stimulus for education that it sent last year," (Kam 2011). Without any cuts, that money would have to be replaced entirely on the burden of the Floridian tax payers. Thus, Governor Scott is trying to avoid that situation with his budget cutting policies. Moreover, the plan also allocated greater
Revenues for the Miami Dade Police Department 2011 to 2012 Revenue Source Amount (in thousands of dollars) General Funds $488,535 911 Fees $13,249 Parking / Traffic Surcharges $4,190 Federal Grants $9,204 Carryover $15,738 Contract Services $63,262 Miscellaneous $4,172 ("FY 2011-2012 Budget," 2011) These numbers are showing how the Miami Dade Police Department receives additional forms of income from various fees, contract services, grants and other programs. The combination of these elements is used to provide the community with protective services. How are the revenue amounts expected to change in
economy changed in Miami Florida after the terrorist attacks on New York City after 9/11/01? According to a recent study conducted by the Florida International University College of Business Administration and the Greater Miami Chamber of Commerce, Florida, after the 9/11 terrorist attacks is paying a high price for security for almost two years now, compelling companies to re-evaluate whether to continue doing business in Miami Florida and if so,
Basically, the assessment stays the same from year to year, with only carefully documented changes. This allows NAEP to offer a clear snap shot of student academic progress over time. Just today, January 15, 2009, what was feared by many over the past several months would occur in Florida has come true. The biggest bite of budget cuts, $466 million, is to come from public school and pre-kindergarten programs. In
Drone Security during a large political setting is paramount to establishing a safe forum in which opinions can be expressed. As evidenced by the case, security, particularly during election years can become a very contentious issue. This is particularly true during the DRNC as the current political environment is notoriously quarrelsome. Aspects such as unprecedented government shutdowns, looming budget debates, rising inequality, and other issues are all very combative subjects. As
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