Evaluate fiscal management strategies

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Reference no: EM134008511

Case: A financial specialist for a criminal justice or security agency oversees fiscal management, conducts audits, and maintains compliance. Imagine you are a criminal justice or security professional specializing in finance at an agency. This fiscal year, your agency has $1,000,000 available for its capital budget. Based on departmental needs, you must determine the best plan to spend these capital dollars and evaluate financial management strategies.

Assessment Preparation

Read "Capital Budget Presentation" from the Government Finance Officers Association (GFOA) for guidelines and best practices to incorporate when presenting a capital budget. Use the agency you selected in your Week 1 assignment.

Assessment Deliverable

Write an 875- to 1,050-word capital plan in which you evaluate fiscal management strategies and outline how the agency should allocate its capital budget. In your capital plan:

Include a table with the following columns to present your recommendations:

Capital item
Quantity
Cost
Type of purchase (ongoing, one-time, or part of a larger project)
Rank by importance to agency

Identify the fiscal policy and fiscal management strategies the agency should consider when developing the capital plan.

Assess how the proposed capital items and budget and budget controls strategies contribute to operational efficiency, long-term sustainability, and the agency's overall performance.

Provide a narrative summary that explains the capital plan in a format suitable for the CFO to incorporate into a larger presentation.

Cite at least 2 peer-reviewed, scholarly, or similar sources to support your capital plan. Format all citations and references according to APA guidelines. Submit your assessment.

Assessment Support

Review the grading rubric for guidance on deliverable expectations. Review the following resources for writing guidelines and APA information:

Center for Writing Excellence
Reference and Citation Generator
Grammar Assistance

Reference no: EM134008511

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