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Finance - Budgeting Paper - Essay Example
Author : tromprosetta
Finance & Accounting
Pages 6 (1506 words)
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…
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). ...