CAFR Project of Washington State, Fiscal Year 2008.
1.
The CAFR Project which I am assigned is Washington State. http://www.ofm.wa.gov/cafr/ The most recent fiscal year is 2008; the last date of the fiscal year is June 30, 2008.
The governor is Christine Gregoire.
2.
A. The date on the letter is December17, 2008.
B. This letter addressed to Governor Mrs. Christine Gregoire, Members of the legislature and Citizens of the state.
C. This letter is written by Mr. Victor A. Moore Director of office of Financial Management.
D. In the letter of Transmittal, Mr. Moore briefly introduces the Economy and revenues outlook of Washington State.
First of all, Mr. Moore uses hard date to let readers know the employment conditions of
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Because the workers’ compensation program that provides all expenditures of worker’s bill are deficit.
2. for statement of Activities
Governmental Activities
The overall result of Government Activities is positive with 565 million increasing, which is a bit lower than 2007’s increasing.
Sales and Use taxes are increased, but the excise taxes are decreased caused by the decline of the real estate market.
On the other side, the expenses increased greater than revenues. Most of them are related to Human Services, Education portion and a health car plan for an additional 80,000 children in the state.
Especially for the Education portion, K-12 education expenses grew by 605 million or 8.8 percent over the prior year. Higher education expenses grew by 466 million, because more freshman in the state college/universities.
Business-Type Activities
The loss portion of whole activities, which is 1.5 billion net loss. Inasmuch as workers’ compensation fund is 2 billion loss.
While the Unemployment Compensation Fund reported an increase in net assets, the increase was 211 million less than the increase in Fiscal Year 2007, since Washington State has low employment in recent years. However, the softening of the state’s unemployment rate at the end of Fiscal Year 2008 resulted in an increase in an increase in unemployment claims of $93 million compared to the prior
This letter describes
Employers are not hiring any new help right now until they are sure that the economy will stay strong and not fall back down again. Many employers will fight against giving an individual unemployment benefits to help save them money on their unemployment insurance rates. The insurance rates are based upon the amount of benefits the unemployed receive. People will find it surprising that their unemployment benefits are being challenged. Employers will try to deny a claim but if one is successful, the cost of the company will raise. Unemployment benefits are not only for the people who have lost their jobs due to company downsizing but to people who have resigned or who were discharged for a reason beyond their control. The benefits are given to people who are unemployed with the intension of seeking new employment. The benefits usually come in small amounts to cover basic needs. You may receive unemployment benefit extensions for an additional thirty-four to fifty-three weeks during high unemployment. While receiving unemployment benefits, you have the option to have taxes taken out of each check as you receive them or you will have to pay at the end of the year when you file
The budget for the city of San Clemente, California, fiscal year 2011 can be found at the following link:
In 2009, a great amount of the stimulus funds were designated for education spending. The 91 billion dollars that was supported by this fund did not cover the total federal spending on education of the years 2008 to 2009 which summed up to be 667 billion dollars. An estimation of 570 billion dollars was not supported by the total education bill of federal spending. It costs an estimated 35 billion dollars to cover kindergarten through twelfth grade on a yearly basis. (Voice,2011).
Since 1974, tuition has been on the rise and has reached new heights. One reason why tuition is increasing is because of “the state governments’ unwillingness or inability to raise per-student financing” (Davidson). The government is spending less on college and moving those funds into other categories, such as the military. Furthermore, colleges are spending less on each student than they did during pre-recession (Fox). Even after the recession, the government is continuously cutting more and more from education funds. As the government cuts more from education funds, tuition cost will steadily increase to compensate the loss. Tuition increased from 1994 to 2015 is depicted in the graph on the next page. Drawing a conclusion from the graph, it is possible that if this trend continues, public colleges will approximately reach the same price as private colleges one day. The amount of financial aid given is unable to meet the needs of lower income students,
“So far, more than $10 billion has gone out to help people afford their care.” (Ferris) This is astonishing to see that already millions of dollars have helped many citizens.”$7.4 billion decrease in uncompensated hospital costs.” (Ferris) The decreased uncompensated amount will allow those who have been injured or are sick to pay for more medical bills and not fall in debut.
I’m writing to Lisa Darger, Coordinator of Sustainability from the office of Sustainability. A coordinator is who organize events, activities and arrange people in order to make sure they work together effectively. Since Darger is Coordinator, she can make all the changes and add new facilities to the recycling and littering activities. I’m wanting to discuss her about providing more trashcans here and there and also proving more recycling activities on campus. I think she will be interested in my letter because it is responsibility if there is issues about litter or recycling is occurred, and I’m sure she will be happy to help me about my issues about littering on campus.
If you look at the CAF you already initiated (CAF#: QAFAP-2016-8P-W-UIC-CAF1) [attached], under “Problem/Finding Description in Section 1”, you pre-filled an “Opportunity for Improvement” that was reported in the Internal Audit Summary.
Our methodology is built to examine the correlation between the dependent variable, state public higher education appropriation and the three independent variables, healthcare spending, social services spending and spending on political determinants, which were identified in our conceptual framework as it explains factors that affect state public higher education appropriation on 2015. The study is focusing on cross-sectional, secondary data for all 50 U.S states on the fiscal year 2015. We aim to analyze the correlation between all variables in order to explore the affect of the three independent variables on the dependent variable. We specify a particular year to describe the
State contributions to the 2009-10 operating budget declined by $189 million at UCLA, $109 million at University of Florida, $99 million at University of Washington, and $63 million at Louisiana State University (LSU), according to a Nov.1, 2009, New York Times article by Paul Fain. The percentage decline was equally significant, ranging from 33 percent at UCLA to 27 percent at LSU. (24)
This has helped wipe out the unemployment challenge in the economy, the increased investment activities are boosting the economic growth and development which are critical factors for consideration in encouraging the negatively geared tax regime.
Unemployment claims increased by 13,000 to 277,000 in the week ended June 11, the Labor Department reported on Thursday. This is the first increase in claims since the week that ended May 7.
A 3.2 percent budget increase adds more than $1.66 million in costs and a 3.2 percent property tax increase will likely raise only roughly $1 million of additional revenue. This is because a large portion of our revenue comes from other sources like the State and Federal governments. Property taxes are the largest portion of our revenue, but it is significantly short the cost of the budget, So, expect to add an additional $600K deficit to the carried over deficit from last year.
Thank you for considering my mortgage loan application. I am writing this letter to explain why I was late on one payment at the Peoria Postal Credit Union. Meeting my financial obligations is very important to me, and has always been my number one priority. I regret that this negative situation ever occurred.
Does an increase in Medicaid expenditures, or other similar expenditures, affect how much money is diverted in the budget for higher education?