The paper is an analysis of the financial report prepared by the County of Santa Barbara. The financial report contains all the details containing its financial activities for the year ended June 30 2015. The financial report has been prepared in accordance with the laws as established by the state of California which require counties to submit a financial report for each financial year. The current condition of the economy is further discussed using some tools that give additional details about the financial report. In the accounts are some of fiscal issues that may arise. However, for the sake of this essay, only three issues have been picked for further evaluation. The issues picked for evaluation are of concern to the public and governments at both national and regional levels. Santa Barbara County has witnessed economic growth in the last five years in sectors such as real estate and tourism. Per the financial report, the future looks bright of the county and its residents. The federal government is an interested party in the development agenda of the counties and the role it plays in these activities of the regions is also evaluated.
Fiscal Policy Analysis – Santa Barbara County
In the state of California, each county’s authorities required by sections 25250 & 25253 of the Government Code of the State of California to submit the Comprehensive Annual Financial Report (CAFR) after the end of their financial year (Stickney, Brown, & Wahlen, 2007).
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Comprehensive Annual Financial Report (CAFR) is a report used by cities, and local governments to provide the public with their financial records each year, while adhering to government accounting standards board (GASB) guidelines. The report presents a comprehensive picture of the reporting entity’s financial condition, it provides how funds are spent and allocated throughout the year.
Marketing. Because of the large number of suppliers selling similar products, apparel-retail firms must stimulate demand with attractive store layouts, colorful product offerings, and various sales promotions.
The future of California is pretty good, for the state is projected to see growth in almost every sector of the economy as well as the population, but there are many concerns that must be addressed first in order to see California’s growth come to fruition. International trade and business is one of California’s largest industries and it’s expected to continue increasing, for many emerging economies are also located off of the Pacific Ocean. Growth in the economy is good, but requires resources that California has a limited supply of. The main resource California always needs is water, since most of the state’s population resides in the southern regions, which are arid and receive minimal precipitation annually. The state is planning on improving efficiency and the aqueduct system to increase the water supply while decrease the environmental effects California’s aqueduct’s have on regions like the San Joaquin River Delta. For many years California has been considered a very liberal and left state, which is due to the fact that the state has the toughest environmental legislation in the country. With such strong legislation ensuring the protection of the environment California has become a model state in the fight against climate change, and must remain vigilant for there are numerous species endemic to the state that are found nowhere else on the planet. Though there are numerous other factors’ affecting California’s future these are some of the most interesting areas to
The first chapter of the book is an introduction to the economy, politics and people of California. It encompasses the economy, politics and demography of the state for the past, present and the future. The edition features updated demographic information of the state from the census that took place in 2010. The chapter explains the state’s transition from colonization to rebellion and statehood. It discusses California’s past, including the great depression, political turmoil, infrastructure, workingmen’s party and World War II. The growth, reform and progressive change of the state to what it is today is also highlighted in the book. California previously faced budget deficits
My Book Report on California Government and Politics Find out more about California Government and Politics by Larry N Gerston, Terry Christensen. Originally published: 1991 The main purpose of this book report to is to identify the objective of California's government, people, economy, and politics. Some of the learning objectives are to describe changes in California population 18th and 19th centuries. But let first look into California's Economy and the agriculture elements.
In the second half of this paper, I will analyze is the State of California’s Financial Report. The government is not a nonprofit, although they are quite similar; therefore, the government’s financial report will be evaluated using different methods and from different perspectives. To get a broad overview of this government, first, the financial position and economic condition of the State of California will be evaluated. Then, things with more depth, such as budget planning, funds, and infrastructure, will be discussed.
The Office of Financial Management provides vital information, fiscal services and policy support that the Governor, Legislature and state agencies need to serve the people of Washington State (Investopedia, 2010). Included in this briefing, a comparison of the governmental and for-profit financial accounting will be discussed, an understanding of the government reporting and reporting entity, and an overview of the Management Discussion & Analysis report for the state of Washington.
Enclosed is the Analytical Business Report of Ladera Ranch. This report details research into findings and analysis for the geographical and demographic composition of Ladera Ranch, and what facilities and amenities the city of Ladera Ranch has and lacks. The report also includes our group’s business proposal to resolve the community’s needs, and how such a business can prosper and profit in the region.
The city of Salinas has historically faced insufficient revenue to pay for the services the community needs. According to Councilwomen Craig, the city made an important decision to make the budget more efficient, use grant dollars wisely, and increase partnerships among private and non-profit organizations. The city’s total proposed FY 2014-2015 operating budget totals to $135,075,500, which is a .15% decrease primarily due to the rising cost of health insurance and workers compensation. Ninety three percent of the cities revenue comes from seven major revenue sources: property tax, sales tax, Measure V, utility users tax, franchise fees, business license tax, and building permits/plan check fees. In order to examine closely the changes that have caused continual decreases in the total city budget, it is important to not only examine the major revenue sources, but also examine some of the minor contributors. Revenues, such as recreational fees and vehicle fines that impact residents, are important to view in order to determine fluctuations from year to year. In order to gather the needed information to make a clear determination of the city’s budget, it is important to examine other similar cities such as Ontario, Corona and Escondido. All of these cities have an average population size of 153,000, which would help determine
The financial statements of the State of California convey valuable information to outside users about the State’s fiscal position and how it utilizes financial resources. The objective of this essay is to identify five things that I can ascertain about the State of California from these financial statements.
Landry’s Debt to Asset ratio also increased from year 2002 to 2003. In 2002 Landry had a debt to asset ratio of 0.39. In 2003 Landry’s debt to asset ratio increased to 0.45. While both numbers are acceptable and considerably low, the increase from 2002 to 2003 could influence potential investors to not invest in Landry’s stock. This increase also suggests that Landry’s debt also increased from 2002 to 2003. Overall, while there was a slight increase from 2002 to 2003 Landry’s still had a good debt to asset ratio. We think that a contributing factor to the debt
Financial Statements basically show the historical performance or record of the company at some previous point of time. By the time when financial statements are made public, changes are many economical areas such as market conditions, currency exchange rate and inflations can change the values of assets and liabilities. In this case there often exist discrepancies between book value of assets and their market values.
The project proposal will be critical analysed before it will established in South Korea. In the first assignment will looked in depth in political, country risk, FDI theories and motive for the project. In the second assignment, the cost of capital for the project was calculated, stating the risk for both the parent and subsidiaries.
Based on the financial ratios given, this section will compare and contrast the financial strengths of Company X and Company Y in order to suggest Tringale Ltd to take decision regarding which of the above companies to chose for investment. This section provides comments on financial performance areas based on the data given, and presents report to the Board of Directors of Tringale Ltd by recommending which of the two investment opportunities is better.