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Budget Transmittal Letter FY 2013 - Assignment Example
Finance & Accounting
Pages 8 (2008 words)
Proposed Budget FY 2013 Institution Name Instructor Date May 1, 2011 HONORABLE MAYOR AND CITY COUNCIL City of Long Beach California Subject: Fiscal Year 2013 Proposed Budget The Fiscal Year 2013 (FY 13) Proposed Budget reflects a number of years of review…
The financial constraints over the past five years have allowed us to be more disciplined while still exercising some level of prudence. This is so as we ensure that we do what we have agreed to get done in the interest of serving the community. The Proposed Budget for Fiscal Year 2013 which is hereby transmitted takes into consideration the fundamental needs and the priorities that will help to improve or maintain the quality of life of the people in the community. The strategies that have been employed in preparing the Fiscal Year 2013 Proposed Budget has taken the approach of reducing departmental expenditures, government reform and new sources of generating revenue to boost shortfall. Each department will receive an amount that is proportional to the expenses that are expected to be incurred. We continue our quest and commitment to sustainability and this has been demonstrated in the time that has been spent examining and assessing priorities relating to the costs and services that can be reduced. A high level of fiscal discipline on the part of stakeholders is still encouraged as in previous years. The approach that was taken in preparing the Proposed Budget for Fiscal Year 2013 is as follows: i. ...
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