PAD 505 ASSIGNMENT 2 THE CAPITAL BUDGET
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PAD 505 ASSIGNMENT 2 THE CAPITAL BUDGET
Due Week 6 and worth 280 points
Refer the Scenario for Assignments 1–5. Forecast salaries, revenue estimating, and prepare the capital budget.
Using the budget from the selected agency, write a five to six (5-6) page paper in which you:
1. Analyze the agency’s compensation for employees. Provide a rationale on what the costs and benefits would be for a 2 percent, 4 percent, or 5 percent pay increase for the fiscal year 2014. In your forecast, (a) discuss the effects of the increase on benefits for the
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Check with your professor for any additional instructions.
Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
The specific course learning outcomes associated with this assignment are:
Analyze the basic skills and tools needed for budgeting for public sector agencies and / or departments.
Recommend appropriate policy actions based on the evaluation.
Evaluate a budgeting system at any governmental level.
Analyze the scope and sequence of budgeting in terms of sources of revenues, purpose of government expenditures, budget cycles, budget preparation, and debt administration.
Analyze the steps required for budgeting, such as preparing a budget, making a financial plan, conducting a cost-benefit analysis, and making budget decisions.
Prepare a preliminary budgeting system for presentation before Congress, state / local government, or other organization.
Develop various budget charts that represent segments of the budgeting process.
Use technology and information resources to research issues in public budgeting and finance.
Write clearly and concisely about public budgeting and finance using proper writing mechanics.
Grading for this assignment will be based on answer quality, logic/organization of the paper, and language and writing
3. Explain two methods that can be used in order to identify realistic estimations when developing a budget. [2.2]
• The first thing you need to do is save a copy of this document, either onto your computer or a USB drive
The budget process is a powerful planning tool for government to make important resource decisions. According the Carney and Schoenfeld‘s article on How to read a Budget, an operating budget is a reflection of government’s financial plans. When a budget is
Budget preparation is a process with designated groups and individuals having defined responsibilities. According to Irene S. Rubin “ The public budget process mediates between organizations and individuals who want different things and determines who gets what out of the budget.”1The Government set up an annual budget that includes people perspectives, opinions , accountability and than determine how the budget will get divided based on protected interests. Moreover, Public budgeting determines how government spend money, provide necessary resources , and limit government expenditures to prevent overspending.
Budgeting is perhaps the most essential process involved in the United States government. While this process seems to exist only in the background, it is, in reality, what allows all other processes of government to function as they do. In order to satisfy the most necessities of modern society, changes must be made to each of the three major categories of the budget: the big five, the middle five, and the little guys.
3. Explain two methods that can be used in order to identify realistic estimations when developing a budget. [2.2]
This research paper is a brief discussion of budget management analysis. Budgeting is the key to financial management, and is the key to translates an organization goals or plan into money. Budgeting is a rough estimate of how much a company will need to get their work done, and provides the basis for evaluating performance, a source of motivation, coordinating business activities, a tool for management communication and instructions to employees. Without a budget an organization would be like a driver, driving blinded without instructions or any sense of direction, that’s how important a budget is to every organization and individual likewise (Clark, 2005).
Capital planning and budgeting is a very vital piece in the Public Budgeting System process. It is an essential implement in the financial management practice and is effective in both public and private organizations. It is the method which consists of the determination and the evaluation of the investments and the possible expenses by an organization. As explicate by Lee, Johnson, & Joyce (2008), capital budgets help in determining how much of each form of investment is needed, and it supports an organization in assessing the available revenue which includes loans is required to finance those investments (p. 475). Capital budgeting is a central part of the universal
Describe the budget process and how staff members at the unit level impact the budget.
By creating a budget this facility will be better prepared in knowing how much money they spend and
The budgeted income statement, cash flows, and balance sheet follow in order. The income budget relies on the revenue and expense forecast from the operating budget, while the budget cash flows are planned for financial and investment activities. A final component of the budget process, the projected balance statement, can be used to tie in all the budgeting dependencies. Once a budget has been prepared, evaluation can be expected before approval. Budgetary components may require several iterations before finalizing the organizational budget.
This assessment is about the requirements to undertake budgeting and forecasting the finances of an organization. After reviewing the case study I have prepared a budget statement.
Budgeting is crucial in the well-being of a company especially the financial health status of a company. In fact, no professionally managed firm would fail to budget, since the budget establishes what is authorized, how to plan for purchasing contracts and hiring, and indicates how much financing is needed to support planned activity. It is routine for a company to budget for its expenses. Expense budgets act as a guideline of how much revenue a company would require keeping the activities running. It is used to set the company’s targets for a certain period.
Budget is the expenditure plan that based on the revenue and priorities that had been stated beforehand. It is a planning for government expenditure within a period of time and used to plan and monitored the responsibility center operations and its profit (Shim & Siegel, 1994). It is basically a government plan in using and raises the resources in the budget year. Based on the Ulbrich (2003), it stated that
long did you use it? Many people answer yes to the first question, but the