Evaluation of distinguish budget presentation awards presented to East Point and Fayette

Subject: Consumer Behavior

Paper Model: APA

Paper Type: Assignment

Total Words: 874

Document Outline

Part a: Distinguish budget presentation awards
City: East point
Rewarded for: Annual financial budget
City: Fayette County
Rewarded for: Operating and capital budget 
Part b: 
City: East point
·    Budgetary priorities and issues for upcoming year: 
·    Budgetary trend: 
Source: 
City: Fayette County
·    Budgetary priorities and issues for upcoming year: 
·    Budgetary trend: 
C: Most interesting graphical presentation of two budgets: 
City: Eat point
Source: 
City: Fayette County

 


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Part a: Distinguish budget presentation awards

City: East point

Rewarded for: Annual financial budget

 

About the budget:

            Distinguish budget presentation award was given to East point for presenting appropriate annual financial budget for operating and capital expenditures for the year 2014. Budget was approved with the final approval of interim city manager, Ellis E. Mitchell. Total funding of US $125,153,250 was allocated for the budget. Budget was increased by 4.4% as compared to last year. Expenditures have revised to meet the developmental requirements of the city. Revised budget allocate funds for 336 positions in general funds, 103, 67 positions in enterprise, and other funds respectively. Budget also provides findings for 337 retired employees of $601,821. Revised budget is balance and appropriate and adjusted for losses of property taxes and water waste treatment. Moreover, budget has allocate resources for health and care benefits, pension benefits, electric funds, water and sewer funds as well as customer care funds.

City: Fayette County

Rewarded for: Operating and capital budget

 

About the budget:

            Distinguish budget presentation award was given to Fayette County for presenting for operating and capital expenditures for the year 2014. Budget had expenditure of $74,721112. Budgetary allocation for transfers was $1725909. Budget is regarded as the longest budget in terms of providing historic levels of services to people as well as maintain fiscal and managerial performance standards. Major division of budget is according to operating governmental, enterprise and internal service activities. Activities counted for the budget of $58,355,969, 1,397,825 and 133,696 respectively.

Part b:

City: East point

  • Budgetary priorities and issues for upcoming year:

            Improvement of Economic conditions:

Upcoming budget needs to address economic conditions of the city. Creation of new jobs and investment in local tax base is required. Moreover, redevelopment is needed which can be achive3d with the help of developing new communities.

Sustaining property values:

            Budget propositions for rising cost of health care, retirement, compensation and employee benefits can no longer sustained. For that purpose, accountability and transparency is required.

Improvement of infrastructure:

                It is needed to improve the infrastructure conditions of the city. City streets, sidewalks and main roads are required to reconstruction.

Financial efficiency and risk assessment:

            Budget increase of $500,000 is required to improve financial efficiency through the assessment of various operations and projects related to city water supply and sanitation.

Fiscal Aid for distress cities:

            Best strategies for financing, capital and budgeting and financial planning and analysis is required to provide fiscal Aid. For that purpose, compliance with City country management association (ICMA) and Government finance officers association (GFOA) is necessary.

  • Budgetary trend:

            Budget shows an increasing trend in allocations of funds for various sectors. Such increment shows an initiative toward economic and infrastructure development. Most of the emphasis is given on development activities. Hotel/Motel sector received no increment in budget, however, general fund, debt services, water management and infrastructure related projects received consider able increment in budget allocation. Budget for storm water was increased by 71.24%, which is the highest increment. Other data is shown in the figure below.

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