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2017-2018 budget and 4 year plan analysis (Example)

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Name: Course: Instructor: Date: On the revenue side the adopted budget indicates much of its source to come from intergovernmental funding. In context approximately 80% if the city’s revenue in the adopted budget come from the State County and Federal institutions. From the recommended Budget for 2017-2018 the combined revenues resources and transfers; the state contributed 48.6 % of the city’s revenue and resources 21.1% from the County and 0.8% from the federal for the city general fund alone. Tax levies contribute to a significant percentage of the city’s revenue; standing at $57 327 006 and $46 989 586 for Homestead and Non-Homestead sources respectively. With property taxes at $ 150 758 994 and non-property taxes at $ 12 250 000 in the recommended budget it implies that $163 008 994 of the adopted budget would come directly from taxes; a positive index of institutional performance within the city. not have to delve into more public debt. From a different perspective the ability of the city to balance its 2017-2018 budget from the $12.1 Million City Fund Balance goes on to show that the city’s budgeting on revenue and appropriation follows solid and well-informed forecasting principles. In conclusion the mayor goes on to declare $41.89 Million as unassigned fund balance; indicating the city has balance to cater for short-term fiscal shocks and in the long-run the stability of the city by its ability to smoothly run its fiscal obligation showcases a balanced and sound budget. Works Cited Covaleski Mark et al. "Budgeting research: three theoretical perspectives and criteria for selective integration." Handbooks of management accounting research 2 (2014): 587-624.Raudla Ringa Randma-Liiv Tiina and Savi Riin. "Public Sector Financial and Personnel Management during Cutbacks: Looking back at the Literature of the 1970s and 1980s." Administrative Culture 16.2 (2015): 117-140. [...]

Order Description:

Review the 4 year plan Buffalo 2017-2018 budget and the respective Comptroller’s and Fiscal Stability Authority comments. -Attached documents 1) Identify major revenue and expense components and trends. 2) Discuss key revenue/expense issues both currently and the future. 3) Is the budget sound and balanced? Please support your answer.

Subject Area: Finance

Document Type: Reports

This project has already been completed by one of the Studybay experts. The client rated this project:

Project's rating is 5/5

Price $55

Words 1375

Pages 5

Completed in 7 days

Expert DrDennis

Client Review

Great and effecient writer. Provided work before deadline. Would highly recommend if looking for high quality work.

Positive
03.13.2018

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