What are cost descriptors as they are applied to budgeting

List by specific categories of cost e.

What are cost descriptors as they are applied to budgeting

Matrix Worksheet, located on the student webpage. Create a matrix identifying the roles, expenditures, and revenue for the federal, state, and local levels of government.

Select three revenue sources in public budgeting.

What are cost descriptors as they are applied to budgeting

Summarize and describe each revenue source and which fund the source should fall under or be tracked in. Additionally, address the following: Importance of informed financial decisions. Financial analysis tools used.

Week 1 DQ1 What is the decision process that leads to making important financial decisions? What factors are taken into account before making a decision? Week 1 DQ2 Government accounting systems are different from business accounting systems.

What are their roles? How does each member of the budgeting team affect the budget? Review the following scenario: You work as a budget director for the mayor of Kelsey and recently you have been getting numerous complaints from citizens about the increase in crime in the City of Kelsey and public demands for more police officers.

The population of Kelsey has grown, creating increases in crime. The federal government has reduced the federal pass-through money for the state, and the budgeting group needs to revamp the budget for the coming year.

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In addition to the limited budget, there has been a recent budgetary reform at the federal level, which has put additional pressure on local police agencies to use the federal money before it expires.

The state legislature and local governments are wary of adding any additional new taxes on citizens. The mayor has pointed out that the likelihood of getting any increase in tax money from the state is slim.

The mayor has called a meeting with your budget staff, the Chief of Police and staff to address the following issues and come up with a solution that is politically feasible. In the meeting, the mayor reminds them that if he or she is not re-elected the new incumbent will replace their jobs.

Create a 1, word report in which you, as the budget officer, which details the following: How the changes affect the fiscal cycle of your budgeting. How the preparation, execution, and evaluation of the budgeting cycle would change.

Your budgeting approach based on the changes and the reasons. Differences of the chosen budgeting approach from those not used. A plan to address the crime issue.

Summary of the cost-benefit analysis of your plan. Week 2 DQ1 What are cost descriptors as they are applied to budgeting? How are these cost descriptors effectively used in the budgeting process? Week 2 DQ2 Compare and contrast line-item budgeting, program budgeting, and performance budgeting.

What Cost Estimates Include

Which one would you use? Explain why you would prefer one over another. How is Cost-Benefit analysis used at the different levels of public budgeting and governmental and nonprofit accounting?

Create a PowerPoint presentation with speaker notes that provides a brief description of these changes and their effect on budgeting. Include the following in the presentation. Identify two major budgetary reform movements e. Explain how these two major movements would affect the state and local levels if given a decline in federal funding.

How would this affect criminal justice organizations?

What are cost descriptors as they are applied to budgeting

Compare and contrast the various methods of short-term financing. Compare and contrast various budget management techniques. Week 3 DQ1 How do you assess inventory, personnel, and infrastructure costs that affect the overall budget?

Week 3 DQ2 How is a budget managed and controlled?A line budget is one in which individual items in a financial statement are grouped on the basis of cost. It provides a comparison between past financial data that had been accounted for the item and the current/ future estimated .

A line budget is one in which individual items in a financial statement are grouped on the basis of cost. It provides a comparison between past financial data that had been accounted for the item and the current/ future estimated financial figures for the same item.

What are cost descriptors as they are applied to budgeting? How are these cost descriptors effectively used in the budgeting process? Please provide some details and examples in your response. Public Finance, Ch.

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7. Politics and Budgeting: How has politics shaped the federal budget process? If they are too liberal, they can kill an otherwise viable project by making it look unaffordable.

Good cost estimating requires access to a historical cost database. Answer each of the following questions with a minimum of words each. (How is cost-benefit analysis used at different levels of public budgeting and governmental and nonprofit accounting?) (What are cost descriptors as they are applied to budgeting?How are these cost descriptors effectively used in the budgeting process?) (Revenue estimates and appropriations enacted are standards against.

Budget and Cost Resources; Budget and Cost Resources. Quick Links. Budget & Cost Resources; The number of person months or percent effort to be applied to the project should also be shown. Total salary costs can be determined by applying the percentage of effort to the current salary rates.

Items normally considered indirect costs.

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