Essay Capital Budgeting

The budget for the city of San Clemente, California, fiscal year 2011 can be found at the following link:

Capital Budgeting encourages managers to accurately manage and control their capital expenditure. By providing powerful reporting and analysis, managers can take control of their budgets.

As quoted from Benjamin Franklin, “Investment in knowledge pays the best interest.” The government of the state of Illinois has been unable to pass a budget, leaving many school districts in a financial crisis. These school districts depend on state funding to provide their students with educational opportunities, many of which are now in jeopardy.

In this summary I’m going to discuss my findings while creating my budget worksheet. I’m working on my degree in Criminal Justice and perusing a career as a Probation Officer. In 2012, the median pay for Probation Officers was $48,190 yearly and $23.17 an hour. Monthly, my gross pay would be $4,015 before taxes. After using the pay check calculator for Virginia, I found that my net pay would be around $2,990 monthly. When creating my budget worksheet I used my current bills as well as made an estimate on some bills I would possibly have in the next couple of years. If I work just one job as a Probation Officer I will have enough income to support my needs, this is without children. I have made the decision to not have any children until I’m married and no longer have to survive off of one income. I was raise by a single mother that was making about poverty level income. She did the best she could to provide me with what I needed. I just wasn’t fortunate enough to have anything extra like new shoes and clothes every year. Seeing

A company's budget serves as a guideline in planning and committing costs in order to meet tactical and strategic goals. Tactical goals such as providing budgetary costs for daily operations, and strategic objectives that include R&D, production, marketing, and distribution are all part of the budgeting process. Serving as a guideline rather than being set in stone, the budget is a snapshot of manager's "best thinking at the time it is prepared." (Marshall, 2003, p.496) The budget is a method in which to reign-in discretionary spending, and will likely show variances between what costs have been anticipated and what costs are actually incurred.

The calculation would indicate Rate (x) initial investment (6% x $42,900) = $2,574.00 and minus the initial investment ($2,574.00 - $42,900.00) totaling -$40,326.00. All in all, this can be compared to the second payment option presented by the EMR Company, which allows $2,784.00 payments over 5 years with the same discount rate of 6%. As a result, this generates an NPV of -$43,616.00 using the same calculation. It is beneficial to show the NPV calculation that showed two options of financing alternatives presented by the EMR Company and proved it was financially healthier to purchase the EMR with a larger initial investment of $42,900.00 which generated a greater NPV, (Wang et al., 2003).

Based on the master budget, there have something wrong and unclear. All the numbers are the same, evenly quarter two have more sale than other quarter, at least less 30% than quarter two. We can easy to recognize with a few changes and we can achieve a goal $1.000.000

Budgeting is the systematic method of allocating financial, physical, and human resources to achieve an organization’s strategic goals. Budgets are utilized by for-profit and non-profit organizations to monitor the progress towards the goals, assist in the control of spending, and help predict cash flow for the organization.

When we compare the static budget with the actual results, there has been a decrease of 2000 cart rentals, which cause $50,000 unfavorable variance. Moreover, there is an unfavorable variance of $200 from the static budget and this is due to the increase in the Labor cost. But when it comes to the gas and oil there has been a decrease, which cause $1100 favorable variance. So the difference between the actual operating profits and the static budgeting for April is $49100 ($50,000U + $200U - $1100F). In my opinion almost of all the differences between the actual operating profits and the static budgeting for April is due to the reduced cart rentals from 6000 to 4000.

The Budget: The 2015-16 budget presents Albertans with a record of $9.7-billion in new debt. Albertans don’t like the budget and many don’t believe the $1.5 billion tax grab was necessary. They don’t like the increase in gasoline taxes, therefore, opposition parties are trying to balance the budget on the backs of Alberta families.

In reviewing my budget worksheet, I discovered that approximately $200 of my budget every month is for eating food from somewhere other than my kitchen when I am also paying approximately $240 every month for groceries. I’d like to use the information that I have learned so far about budgeting to cut that amount in half. The reason that number is so high is convenience; I tend to eat out more often when I have a busy schedule because it is easier and faster to go through the drive thru at McDonald’s than it is to make dinner. Unfortunately, I can’t make my schedule any lighter, so I need change how easy and quick it is for me to make my own dinners in order to change this part of my budget. I think the best way to do this would be to use my

From the past year's utility expenses, estimate additional costs due to changes in facility usage and/or rate increases.

Budget is the major financial and economic statement. The role of the budget is to keep track of the money coming in and the money going out. It is essential part of running any business effectively. It can help make a short and long term projections about financial situation, avert a financial crisis and plan for major financial changes.

Creating a budget in clinical research is very detailed, organized and specific towards each individual clinical research trial. When coming up with a budget you need to know what your limit is and stick to it. Negotiating a budget can be difficult, both sides need to collaborate and discuss the necessary and reasonable funds for the trial. There are limits to a budget which include no construction, travel is limited, and overall cost can’t exceed a set limit. (1, 3)

Growing up as a Kansas City, MO resident, I attended schools in the Kansas City school district. I attended J.S Chick African Centered school in elementary and I could always remember having two teachers to even out the student teacher ratio, so therefore we all were able to get individualized attention. Nowadays elementary school students aren't able to have this benefit. With all of the school shutdowns in the Kansas City, MO school district our children are being effected tremendously.