¶ … budget analyst guided by control concerns takes a more conservative view of the budget, and is likely to put forward conservative guidelines for the budget. These create a stronger form of control, and provide a basis for management to beat the budget. This is because the financial control aspect of budgeting is based on setting realistic benchmarks, and setting budgets in a way that forces management to be efficient. Management is more likely to take an approach that sets budgets higher. Management likely has a preference for having more resources at their disposal, and less tight control on activities. This is not because management does not want to succeed, but management does have an interest in working with a greater amount of resources. Unit 3. There do not need to be opportunity costs associated with addressing control concerns…unless you specifically choose to blow off planning priorities or program management issues. The budgeting process should incorporate controls at all times, not just once in a while -- that defeats the purpose of the controls. A budgeting team worth its paycheck...
As for management concerns about expenditure policy, strategic planning goals and objectives…what about them? What about is not exactly a clear question. Without knowing what these concerns are, how can I comment about them?
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
According to Fickes, GASB 34 changes traditional government accounting to give the readers of government financial reports a more accurate reading of everything (2002). Private accounting firms do not follow these standards because they are not responsible for being accountable to the taxpayers. Budgeting and Financial Reporting in the Government The government cannot just act as it wishes when it comes to budgeting and financial reporting. For this reason, there is
The problems with the budget are said to arise from politicians who are unable to make difficult decisions. The problem with these laws is that they do not explicitly force politicians to make those decision. GRH provides targets for the politicians to work towards, creating motivation, and the BEA provides a framework for penalizing inaction, but neither truly forces politicians to make the tough choices. Real political solutions involve actually
This demographic understands how investment markets work and is likely to make the smart and responsible choices with these investment funds to ensure that they have a good retirement. The demographic that is least likely to benefit from such a plan is the demographic at the lower end of the income scale, blue collar workers with less education, minorities, new immigrants, and rural people. These demographics are generally less wealthy
Property tax relief is a subject that arises when the elderly or poor struggle to meet their property tax burdens. If they are long-term residents, they can be caught up when their neighborhood sees a dramatic increase in property values. There are sometimes mechanisms that governments use in order to provide relief. Both tax credits and rebates can be used to help return some of the money paid or that is
A sales tax is particularly regressive because low income people spend a greater percentage of their income. They might spend 100% of their income, which means they would pay a sales tax on all of that money. A wealthy person will spend more in terms of dollars on a sales tax, but will also not spend 100% of his or her income. Some of that income will be saved,
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