Reference no: EM133729235

Assignment:

Government & Nonprofit Budgeting

Select either a state or local government agency or a nonprofit organization. Locate the operating budget for this organization.

Based on your review of the operating budget, develop a response to the following:

• Understanding sources and uses of funds:
• What are the top 3 sources of income or revenue?
• What percent of total revenue is provided from its top 3 revenue sources?
• What are the top 3 expenditures (either by line item - i.e. salaries, debts services, rent, etc. or activity - i.e. parks, security, roads, etc.)?
• What percent of total revenue is provided from its top 3 revenue sources?

Budget Decision Making:

If you selected a state or local government agency: In the formal budgeting process, what entities or individuals make the final decisions about how (and how much) revenue will be raised in the public sector? What are 2 important factors that affect how these decisions will be made (e.g. public opinion on what types of taxes are least popular)

If you selected a nonprofit agency: In the formal budget process, what 2 entities or individuals would be the most important decision-makers in determining how the agency generates revenue and how that income is spent?

Management Lessons:

What do you think are the 3 most important skills or knowledge a budget manager should possess to ensure their agency has sufficient funding to effectively operate and advance its mission? Specifically, in your response, you should address what a manager would need to know and do to ensure:

• The organization has adequate revenues
• Important priorities or programs receive adequate funding
• The organization can meet its short-term financial obligations