Examine financial statements and budgets

Assignment Help Financial Management

Reference no: EM13215443

You have a $10 million dollar budget allocated to you by the city manager and can get up to 100 % matching federal funds if you meet the federal standards. You have been asked by the mayor to determine how to allocate the budget to best support the needs of the city. These could include, but are not limited to supporting capital requirements, operational requirements, and subsidizing non-profit organizations or economic incentives to bring new private concerns into the city.

Prepare a report for the mayor and city council on your proposed expenditure plan reflecting on the key course objectives. In this report, you should accomplish the following tasks:

Examine the differences between the public and private sector accounting principles.

Integrate fund accounting and financial controls.

Assess the approaches of control and management of public expenditures with a recommendation of the best approach.

Explain government financial reporting requirements

Analyze financial statements and budgets to make appropriate administrative decisions, and apply the budgets as a disciplinary process.

Reference no: EM13215443

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