Reference no: EM132277790

Public Budgeting and Financial Management Assignment -

Short answer Questions - (Choose 2 questions to answer)

1. Discuss two different roles of the federal budgets.

2. Discuss four main stages of the budget cycle. Compare the difference between executive and legislative budgets.

3. Discuss three different types of government funds.

4. What is a capital budget? How do we decide the priority of capital projects?

5. Discuss the principles of taxation, providing relevant examples where appropriate.

Excel exercise - (Choose 1 question to answer)

Chapter 7 question -

Q5. Trend Analysis on financial condition

Using one set of the factors (environmental or financial) used to determine financial solvency as discussed in the chapter (p.191), analyze the financial condition of a municipality or county in your local area (identify the factors that you are using as well as the city). Your analysis should focus on the condition of the city, not an agency within the city. Your trend analysis must use at least 5 years of data (3-5 years). Hence, you will need budgets for at least five years for the city that you have chosen and be familiar with financial or environmental trends in the city. It is not possible to examine each characteristic, so limit your table/graph, etc. construction to two key financial or economic factors.

First, create a table with each factor indicating the direction of the trend.

Second, create two graphs, tables, etc. examining the factors that require more analysis.

Third, write a brief evaluation of the factors and develop a policy statement based on your findings.

If you are not familiar with table or graph construction, review chapter 8 prior to completing this question. Use the example in the chapter as a template.

Financial Factors:

A. Revenues: growth, flexibility, elasticity, dependability, diversity, and administration.

B. Expenditures: growth, priorities, mandated costs, productivity, and effectiveness.

C. Operating Position: operating results, fund balances, reserves, and liquidity

D. Debt Structure: short term debt, long term debt, debt schedules, and overlapping debt.

E. Unfunded Liabilities: pension obligations, pension assets, and post- employment benefits.

F. Condition of Capital Plant: maintenance effort, capital outlay.

Environmental Factors:

A. Community Needs and Resources: population, density, age, income, property value and distribution, home ownership, vacancy rates, business activity, crime and employment rates.

B. Intergovernmental Constraints: intergovernmental mandates and restrictions on revenue.

C. Disaster Risk: potential for natural disasters and local preparedness.

D. Political Culture: attitudes toward taxes, services, and political processes.

E. External Economic Conditions: national and regional inflation, employment and market conditions.

Note - Need answers for two questions - Number 4 and number 5 the excel spread sheet was provided.

Attachment:- Assignment Files.rar