Reference no: EM133556234

Imagine that you are a criminal justice employee responsible for managing a budget at LAPD. You have been asked to present to the budget planning team errors made in the Minneapolis incident in budgeting so that your agency can avoid making these errors in your next budget proposal.

8- to 10-slide presentation summarizing the errors made in the planning and implementation of the capital budget related to the Minneapolis bridge collapse. Include the following headings and topics in your presentation:

Capital Budget

Describe key steps that should be followed when developing and managing a capital budget.

Minneapolis Bridge Collapse

Describe 2-3 budgetary issues that led to the bridge collapsing.

Explain how these budgetary issues could have been prevented.

Capital Budget Processes in Criminal Justice

Explain the cost-benefit analysis process that should be followed when determining whether to fund a capital improvement or expenditure.

Explain how the time value of money concept should be applied to the capital budget process.