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What is the decision process that leads to making important financial decisions?
What factors are taken into account before making a decision?
Explain how formats channel thought budget. Explain how formats can direct thought
to and highlight general policy matter, budget balancing issues, and improvement of
the quality of government management.
Resources: Review the City of Kelsey under the Government tab of the Virtual
Organization site. Access the public records of Kelsey under the City Government to
familiarize yourself with the citys budget and financial report.
How do you assess inventory, personnel, and infrastructure costs that affect the
overall budget? Explain.
What are all of the required components of preparing a budget? Who is involved?
What other external influences
What are the common pitfalls one can anticipate in budget execution, and how can
budget execution system design assist in minimizing these pitfalls? Compare and
contrast budget and administrative controls.
Resources: Use the City of Kelsey of the Virtual Organization to evaluate how reform
movements and financial shortcomings affect the citys operating budget. 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.
What are the different components of a budget control system? Explain their
importance.
What are the various applications and methods of cost control? How does cost
control affect the overall budget cycle? Explain.
What is meant by the term cost when determining what costs should be assigned to a
capital asset?
What approach should be used to measure capital asset impairment loss that results
from physical damage to the capital asset?
Continue preparing for the Learning Team assignment, Final Project: Public Finance
Proposal and Presentation, due in Week Six. Submit Final Project Summary Draft
What is financial contingency planning? What are the key concepts of contingency
planning? Explain the importance of having a financial contingency plan and the
negative effects of not having one.
How do public agencies calculate the costs that are associated with catastrophic
events? Explain.
Public-private partners
Non-profits
Bond issuance
Grants
Multi-level government financing
Compare and contrast revenue bonds, general bonds, general obligation bonds,
short-term borrowing, and creative financing.
What criteria can you use to judge the correct level of state or local debt? Justify the
criteria set
What type of knowledge and skill do analysts need for exposure identification and risk
evaluation? What types of continuous direction and careful attention connote
excellent risk management?
Compare the manner in which budgetary accounting is accomplished in a federal
agency with that of a municipality.
AJS 522 Week 6 The City of San Diego Public Finance Proposal