Thus, an external way is proposed to finance the budget deficit financed by collection of taxes. The budget deficit is expected to accrue from the demand of residents of Kelsey state for more security operations around the City of Kelsey to curb the rising insecurity levels in recent times (Premchad 1989). Also, the recent federal government policy to cut down state government financial allocations will reduce the amount of funds needed to satisfy all the state priorities. The money sourced from the new source is to be fully allocated to the security department within the city council of Kelsey. This will be essential for more local policing surveillance around the city and its environs. Also, in order to fill the deficit created, the budget committee has proposed a number of fund reductions in some state operations in the coming year. The fund that would have being allocated to the proposed departments to face fund reduction, is under the proposal of the committee to be channeled towards hiring more police officers, increased surveillance and building of new prisons in the coming fiscal year (Adams and Williams 2010). 2.0 June 2012/ June 2013 Budget Plan; The budgetary plan for this fiscal year as illustrated below is an outline of the general framework of budget goals and objectives that needs to be met on state operations, servicing debts, capital expenditure, state reserves and financial reporting (Lee, Joyce and Wayne 2008). The budget plan proposal for this fiscal year provides standards that can allow current budget performance to be measured against in the future budget proposals that may face similar or unique problems the city of Kelsey is currently facing. The city is facing a security threat from a rate of crime it has never faced before. The rate of crime has been noted as a big threat towards the social, political and economical development to the resident of Kelsey city. This has called for an immediate action against the crimes to prevent the city from the posing disaster. I, as the budget manager of Kelsey state fiscal budget together with the budget committee have come up with a budget proposal that tries to reflect the cure of the problem (Riley and Colby 1991). The annual budget, under the fiscal policy of Kelsey state as per the state statue is adopted by November and completed in June. The budget is required under the state fiscal policy also, to be debated for six months prior to its adoption. Under the current environment of an escalating crime level, I have proposed that the fiscal cycle to be amended in order for the security concerned departments to access funds to curb the crimes. The budget proposal should be debated in the month of May by the mayor and the council and adopted in June. This has been noted that it will be against the fiscal policy of Kelsey state, but it will be necessary in the fight against the crime level before it hits uncontrollable level. 2.1 Operating budget plan; The current revenues will not be enough to finance current operating expenditures. This is as a result of the proposal to increase budget allocation towards policing operations. The estimated general fund for the state operating revenue is expected to be $ 40 millions and the expenditures under operations are expected to be $ 50 millions. The ratio of the two estimates stands at 1: 1.25 which means the estimated
TOPIC: KELSEY STATE BUDGET PROPOSAL FOR FISCAL YEAR 2012/ 2013. 1.0 Introduction; This report intends to table financial budget plan proposal of Kelsey state for the year June 2012 to June 2013 Kelsey state fiscal period. This year financial budget has proposed an introduction of an extra fund to be allocated towards security operations around the city of Kelsey and its environs…
Needless to say, the last thing an organization would like to do in such a scenario would be to waste the funds given them – and along with it, the trust of its stakeholders. An organization without any money is essentially paralyzed, and will not be likely to hold out long before it keels over and dies.
Decision making is a crucial thing for operating businesses in a rock solid manner and also securing their long run sustainability. Investment in businesses is risky and their returns have to be estimated in proper manner. In estimating the returns of the long term investment projects, capital budgeting techniques are widely used.
The new century known as the information age depicts a very small percentage of success for the industry considering the evolution of new business practices. The new organizational structure must be resilient, proactive, and forward-looking so that the change program will be effective.
DECLARATION I, [type your full first names and surname here], declare that the contents of this dissertation/thesis represent my own unaided work, and that the dissertation/thesis has not previously been submitted for academic examination towards any qualification.
It generally provides considerable assistance in identifying the dimensions of business functions that need more attention to be upgraded and delivers a rational idea regarding the unnecessary expenses incurred within a particular organization with the motive of preserving financial effectiveness.
How effective is budgeting to the financial planning of an organization? In the recent past, conflicting claims have arisen on the need for budgeting as a planning tool for businesses. A section of financial advisors and analysts hold that budgeting is an outdated way of planning.
Corporate Finance: Traditional Capital Budgeting
Capital Budgeting is the process of planning of long term corporate project related to the investment decision of the organization. The main objective of Capital Budgeting is to allocate firm’s limited resources between competing opportunities (Harrison & John 2010).
The second example was a situation in which a company abandoned an in-house testing program in favor of a free assessment program offered by state employment services using the General Aptitude Test Battery. Hunter et al. assumed that such a strategy would improve test validity (and hence utility) while reducing cost.
The research work begins with a brief description of background of the company that has been selected for analyzing, that is, PepsiCo. A discussion on the mission and vision of the company has been made along with its objectives. In the next
The new organizational structure must be resilient, proactive, and forward-looking so that the change program will be effective. To complete such development, a change of accounting system must also be considered, most of which is to get rid
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