Analysing Budget Document Of Federal Trade Commission FTC Assignment

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Assignment: Application: Evaluating Budget Documents

An organization’s operational budget is no more than next year's action plan in financial terms. It should list major goals and objectives for the upcoming year, as outlined in an organization’s strategic plan. The budget must identify which programs or services best achieve those goals and estimate all expenses necessary to deliver them. Budget documents should also include expectations for revenue. Despite the necessary elements involved in all operational budgets, these documents can vary in quality from organization to organization. Each year, the Government Finance Officers Association (GFOA) awards government organizations for the quality of their budget documents, using criteria established in its Distinguished Budget Presentation Award Program.

In this Assignment, you evaluate a budget document using the above criteria. Review the criteria for the GFOA’s Distinguished Budget Presentation Award Program in the Learning Resources for this week. Then, select a public organization and a specific budget document from the organization.

this is the question

read above and then follow the instructions it will be 6-8 pages double space

choose any organization to write about it like EPA or any other government organizations

Submit a 6- to 8-page double-spaced paper (not including the cover and reference pages) in which you do the following:

  • Briefly describe the organization and the budget document you selected.
  • Identify the specific type of budget document you selected.
  • Evaluate the budget document using GFOA criteria.
  • Explain whether or not the budget document serves the constituents and other stakeholders of the organization.
  • Use from the library at least two scholarly sources that were published within the past five years to support your paper. Be sure to follow APA guidelines when citing your sources.

look these sources to have idea about the topic

Mikesell, J. L. (2018). Fiscal administration: Analysis and applications for the public sector (10th ed.). Boston, MA: Wadsworth.
  • Chapter 4, "Federal Budget Structures and Institutions” (pp. 154-207)
  • Chapter 5, "State and Local Budgets” (pp. 214-251)
  • Chapter 3, "Budget Methods and Practices” (pp. 106-142)
  • Chapter 6, “Budget System Reforms: Trying to Make Better Choices” (pp. 257-305)
Government Finance Officers Association. (2014). Distinguished Budget Presentation Award Program (Budget Awards Program). Retrieved from http://www.gfoa.co/sites/default/files/BudgetDetai...

Optional Resources

Mucha, M. J. (2012, Oct). Budgeting for outcomes: Key findings from GFOA Research. Government Finance Review, 47–49. Retrieved from http://www.gfoa.org/budgeting-outcomes-key-finding...

ese sources to have idea about the topic

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Explanation & Answer

Attached please review. Kindly let me know if you have any questionI chose Federal Trade Commission as my agency

Running Head: BUDGET

1

Analysing budget document of “Federal Trade Commission (FTC)”
Student Name
Professor Name
Course
Date

BUDGET

2

The federal trade commission (FTC) is an agency set up by the federal government of the
United States in the year 1914.The agency operates independently under the powers established
in the federal trade commission act. The primary aim of the federation is to promote consumer
protection practices and discourage anti-competitive business environment. The company is
headquartered in Washington DC and as per the year 2019, the company had 1856 employees.
Over the years, the agency has exercised its mandate in several ways as established in the bureau
of consumer protection.
The bureau of the consumer protection majorly focuses on protecting the consumer from
unfair or deceptive ways from the businesses. Under this bureau, the consumers are given the
opportunity to launch complain after which the agency initiates investigations into the whole
matter. The federation therefore has the mandate to take to court any business that intentionally
or intentionally harmed the consumer. The agency also educates the consumer about the
available safer buying practices. With the recent development of high tech applications, the
federal trade commission holds the biggest responsibility of ensuring that the different business
practices associated with them do not harm the consumer.
The bottom line in the operations of federal trade commission is to provide important
statutory safeguards to consumers, businesses and the economy. The agency also makes sure that
the regulations that it has provided are followed to the later. The regulations exist not to act as
obstacle to do business in the United States, they are there for the benefit of both the consumers,
the investors and the economy at large.
The federal trade commission presented a master budget for 2018-19 to congress in
support for the presidents FY 2019 budget of the federal government. The budget included the
requests for a program level of $309,700,000 and 1,140 full time equivalent postions. The

BUDGET

3

justification of the budget reveal that the federal trade commission will be able to counter the
continuous challenge...


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