Finance - Budgeting Paper Essay example
Undergraduate
Essay
Finance & Accounting
Pages 6 (1506 words)
Download 1
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…

Introduction

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). ...
Download paper
Not exactly what you need?

Related papers

Topics in Detail about Budgeting and Discussion
Budgeting is such process that companies use to plan their business activities regarding time and money. This process makes the business operations undergo in an effective and efficient manner. According to Morgan (2006), a company’s financial success depends largely on the budgeting decisions that its managers take concerning all financial aspects of the business. Therefore, it is imperative…
Budget Finance Paper
The city budget is therefore no different than the budgets of the higher governments, because at the State and Federal levels, their budgets have to be enacted by the appropriate congress and signed into law by the governor or President, even though the budget of course gets progressively larger. However this is not always the case, because New York City proper with a population of 8.2 million has…
Critically appraise the application of traditional capital budgeting techniques.
At the same time, many business organizations failed to survive stiff market competition and subsequently went out of the market. The last decade witnessed a series of corporate scandals and bank failures due to poor managerial accountability and ineffective corporate governance practices. Hence, today’s managements give particular focus to corporate governance principles and long term business…
Finance and accounting internship paper
Ibrahim, one of the finance managers, who directly reported to the Vice-president Finance department. However, the received my daily tasks and assistance from the financial executives who were in Mr. Ibrahim’s team. Mr. Ibrahim evaluated my performance, which my senior provided me. I assisted financial executives in different accounting and financial management functions associated with the…
budgeting
Initially, traditional budgeting acted as the only alternative for budgeting. But, in the recent phenomenon, budgeting has come up with several alternatives. It can be affirmed in this regard that traditional budgeting is often criticized as sufficient enough to support global companies in attaining their desired targets. In this regard, several budgeting processes, with new innovative ideas and…
critically evaluate budgeting as a tool for planning and control.
According to them, not only is budgeting a time consuming undertaking, it also is prone to manipulation by the management. Proponents of the budgeting process hold that it is only through budgeting process that firms can achieve proper financial planning. Despite having its advantages, budgeting has its disadvantages too. This paper aims at evaluating the pros and cons of budgeting, with reference…
Corporate Finance: Traditional Capital Budgeting
Management use various Capital budgeting techniques to make effective use of these resource to maximize firm’s value (Bennouna, Geoffrey & Marchant 2010). The key objective of an organization is to determine the investment required for expansion of the project, modernize the existing equipment to reduce the costs or to anticipate demand (Bennouna, Geoffrey & Marchant 2010). In order to make…