Essay about Budget Critique - 829 Words

Budget Critique The budget for the city of San Clemente, California, fiscal year 2011 can be found at the following link: http://ci.san-clemente.ca.us/sc/org/Finance/Downloads/Budget/Download/00_2011_Budget_Adopted.pdf The budget for the city of San Clemente has received the Distinguished Budget Presentation Awards from the Government Finance Officers Association for the past 17 years. Not surprisingly, considering those honors, the citys budget is organized in a manner largely consistent with the guidelines we have learned in this course. The budget begins with a thorough table of contents, allowing for easy access to the specific information a reader is looking for. This is crucial for a†¦show more content†¦The organizational chart for the department is provided in graph form. The organizations purpose statement is listed, as well as the particular goals the agency hopes to achieve in the coming year. Expenditures for the last two years, as well as dollar amounts allocated for 2011 are also charted. The dollar figure spent for each purpose is provided. On page 253, the document provides a summary of the citys debt situation. This section adequately explains that San Clemente has a mandated debt limit of 3.75 percent of the total assessed valuation of taxable property within the city limits. It also calculates the dollar amount of the current debt limit in light of the current valuation. The summary continues by listing the amount of outstanding debt San Clemente currently owes and provides the repayment schedule the city is undertaking. A budget also provides the opportunity to analyze the recent performance of city government. San Clementes performance measures section begins on page 257 with data on how the government in general fared in the previous year. In the ensuing pages, each department is similarly examined. For example, the output of the public works department is viewed through statistics such as the number of potholes repaired and the percentage of m aintenance completed in a timely manner. Also listed are the target numbers for each performance measure setShow MoreRelatedFactors That Newly Relegated Burnley Football Club Faces When Implementing Budgetary Strategies1560 Words   |  7 PagesIntroduction The relegation of a football club has the potential to cause financial instability. Clubs such as Leeds United and Portsmouth, due to inadequate budgeting have found themselves languishing as low as league 2 having found it difficult to budget effectively and then push for promotion. However, through sustainable and appropriate budgeting clubs can gain a more accurate picture of their financial health and bridge what in (Emery and Weed’s 2006) opinion is a â€Å"growing divide in the way footballRead MoreThe Management s Quantitative Expression Of Future Plans And Plays A Vital Role1474 Words   |  6 PagesBudget can be defined as the management’s quantitative expression of future plans and plays a vital role towards organizations today. Budgeting consists of the planning of various revenue producing and cost generating activities of an organization which are basically financial planning or planning for financial performance and the importance of budgeting can be p ortrayed by an old saying of, â€Å"Failing to plan, is like planning to fail†, (James 2015). There are four types of budgets which are appropriationRead MoreCase Hcc Industries2151 Words   |  9 PagesIn this approach division managers prepare the budgets and then forward them to the corporate managers for review and approval. Targets that are provided by the division managers tend to be more accurate and have a positive impact on employee morale because they know they can achieve the targets. They also get the feeling of autonomy. In the HCC case however, the implementation of the bottom-up approach goes wrong. Division managers prepare the budgets and feel good about it but in each division theRead MoreThe Performance Based Budgeting And The Approach Of Allocating Funds That Link Measured Results With Policy Decisions2136 Words   |  9 Pagesprograms rather than on the cost of inputs. It facilitates greater and more scientific accountability for outcomes. Fund allocation is prioritised based on a program’s ability to achieve goals. Legislative Analyst’s Office [1] defines performance-based budget as: â€Å"†¦ the allocation of resource based on an expectation of performance levels, where performance is measured in specific, meaningful terms. It differs from the traditional approach to budgeting in that it focusses on outcomes rather than on inputsRead MoreBiographical Sketch Of William Kristol Essay753 Words   |  4 Pagesfocuses on military supremacy, large increases in defense spending, resistance to threats in the Third World, and clarity of purpose. From this, Mr. Kristol outlines three imperatives. First, strategic requirements should determine the budget. Furthermore, the budget should account for the â€Å"two-power† standard, which essentially calls for maintaining a military as large as the next two military powers combined. Second, he argues for greater citizen involvement as the overwhelming majority of the populationRead MoreThe Ethics Of Ethics Approval Essay1006 Words   |  5 Pagesimplications of positive impact on the organisation or the individua ls involved. RESOURCES AND BUDGET Total budget planned for this research is NZ $8,000. The cost below will be funded from AUT doctoral students fund NZ $4000 and will be supplemented to cover return airfare and proof reading while the rest is aimed at self-funding. Additional research funding will be investigated. Detail budget is presented in below: Item Quantity Prices Subtotal Photocopying: Information sheets, consentRead MoreAccrual Basis Of Accounting Over Cash Basis1534 Words   |  7 Pagesand increase accuracy of cash budgets (Wynne, 2012). Reporting and Budgeting: the objective of accrual reporting is to increase comprehensiveness, relevancy, reliability, and comparability of financial information which is useful to users to make economic decisions. It also incorporates non-cash information, for example write-offs, revaluations, pension liabilities, consumption of assets through depreciation, etc. (Ibid) Critiques on Accrual Accounting The major critiques are increased complexity andRead MoreSegmentation and The Global Marketplace Essay1698 Words   |  7 Pagessegmentation can sometimes be overplayed and the use of this strategy can be questioned. A critical analysis becomes essential, which should incorporate a functional, intellectual, ethical and political viewpoint. According to the functional critique, segmentation is analyzed for its qualification as a management problem-solving device. It involves an evaluation of outcomes, and challenges the validity and efficacy of segmenting a market. (Hackley, 2009, p.12) As a matter of fact, segmentingRead MoreWal Mart : An Examination Of Management Tools And Effectiveness1734 Words   |  7 Pagesachieve their respective goals. In the following analysis, this paper will comment on the tools and processes provided through Walmart to their managers for the purpose of maintain market dominance, while also analyzing how top management at Walmart critique and monitor management effectiveness at both the micro and macro levels. Indispensable Management Tools Efficient and effective operations are the key to success for any organization; whether it is a local small business or the largest retailer inRead MoreWebsite Critique For A Website1087 Words   |  5 PagesNURB 3140 Health Website Critique Tool URL/Website: https://www.cdc.gov/ PART 1: 80% of assignment grade Element Question Evaluation (Do not respond with yes or no only) CREDIBILTY Who is in charge of the website? Who pays for the website? Dr. Brenda Fitzegerald is lead representative of the CDC website. This site is a tax based federal government website and managed by Department of Health and Human Services. Is there contact information for the author(s)? The contact information for questions