Are total revenues growing faster or slowly than expenditure

Reference no: EM131288916

Assignment 3: Presenting the Budget

Refer the Scenario for Assignments 1-5. Prepare the financial plan and budget justification proposal.

The agency is contracted to work with New York City on several capital projects. To proceed with negotiations, an analysis of the city's financial documents must be considered. Review the New York City Financial Plan, located athttps://www.nyc.gov/html/omb/downloads/pdf/fp6_12.pdf,to answer questions listed. (Title this section "New York City Financial Plan")

1. Answer Question 1 based on the review of the New York City Financial Plan: Are total revenues growing faster or more slowly than expenditures? Show the annual growth rates for revenues and expenditures in a table.

2. Answer Question 2 based on the review of the New York City Financial Plan: What is New York City's fastest-growing category of expenditures during the planning period? Justify the answer with examples.

3. Answer Question 3 based on the review of the New York City Financial Plan: What percentage of New York City revenue comes from the general property tax? How much is this tax growing in each year of the financial plan? Justify the answer with examples.

4. Prepare a budget to support the proposal to partner with New York City to offer a job training program housed within the NYC Department of Social Services. (Title this section "Budget Justification Proposal.") (Note: The agency has decided to partner with New York City.)

a) The agency proposes $500,000 over a three (3) year period beginning FY2013 to be included in the State Categorical Grants for the Department of Social Services to provide hands-on job training workshops in office administration, security, construction, and apartment maintenance.

b) Use Figure 7.2, Budget Justification, in Chapter 7 (pages 114-115) as an example.https://strayer.vitalsource.com/#/books/9781483304571/cfi/6/26!/4/196/6@0:56.1

5. Provide names and URLs of the Websites for the state's budget(s) analyzed and any other government Websites used to support the assignment's criteria.

Reference no: EM131288916

Questions Cloud

Why would a company want to use a reverse stock split : Why would a company want to use a reverse stock split? If a company splits its stock, what is the expected effect on the stock's share price?

Which is the company''s dividend payout ratio : If a company has a dividend payout ratio of 80%, what is the company's retention ratio? If a company has a dividend per share of $2 and earnings per share of $8, which is the company's dividend payout ratio?

What is the relationship between eva and economic profit : Fortune Magazine published a 1998 interview with Peter Drucker ("Peter Drucker Takes the Long View: The Original Management Guru shares his vision of the future with Fortune's Brent Schlender")

Write a page paper on how stress affects health : Write 2 page paper on "How stress affects health."

Are total revenues growing faster or slowly than expenditure : Answer Question 1 based on the review of the New York City Financial Plan: Are total revenues growing faster or more slowly than expenditures? Show the annual growth rates for revenues and expenditures in a table.

How do shifting consumer trends affect subarus products : How would you describe the product life cycle in relation to one Subaru product?- How do shifting consumer trends affect Subaru's products?

How does a strategic plan relate to a company’s objectives : That does not mean that your startup needs all the bells and whistles of the more complex plans. You can in a matter of hours sketch out a good working draft that will help keep you on course to becoming a solid competitor. a. How does a "strategi..

What can principals do to reduce agency costs : Faced with the possibility of reduced compensation, agents will not only agree to contractual terms that reassure principals, but will also develop mechanisms that tend to make principals more confident.

How many n box cars must honda sell to break even : If the unit variable cost for each N Box is $14,000 and Honda has fixed costs totaling $20 million for this car, how many N Box cars must Honda sell to break even? How many must it sell to realize a profit margin similar to that of the Smart car?

User Account

All Pages