The Capitol Budget, business and finance homework help

User Generated

XvatZryy

Business Finance

Description

Assignment 2: The Capital Budget

Due Week 6 and worth 180 points

Refer the Scenario for Assignments 1–5. Forecast salaries, revenue estimating, and prepare the capital budget.

Using the budget from the selected agency, write a five to six (5-6) page paper in which you:

  1. Analyze the agency’s compensation for employees. Provide a rationale on what the costs and benefits would be for a 2 percent, 4 percent, or 5 percent pay increase for the fiscal year 2014. In your forecast, discuss the effects of the increase on benefits for the agency. (Title this section Payroll Forecast.)
  2. Review the trend of the agency over the past five (5) years and prepare an analysis explaining the trend for expenditures. (Title this section Trend Analysis.)
  3. Prepare and explain a five (5) year forecast of the four (4) highest expenditures. Include in the analysis whether the costs should be approved or not approved. Justify the reasoning with examples. (Title this section Expenditure Forecast.)
  4. Compare two (2) options for predicting the cost of needed repairs to the current building that houses the selected agency. Provide a rationale for recommending one (1) of the two (2) options. Include the figures to support the rationale. (Title this section Capital Budget.)
  5. Provide names and URLs of the Websites for the state’s budget(s) analyzed and any other government Websites used to support the assignment’s criteria.

Your assignment must follow these formatting requirements:

  • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA. Check with your professor for any additional instructions.
  • Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

Attached.

The Capital Budget
Thesis statement: The worker's compensation scheme in California has been existence for quite a
long time. The state has partnered with various insurance companies in order to provide medical
covers and compensation schemes.
Payroll Forecast
Trend Analysis
Expenditure Forecast
Capital Budget
Conclusion
References
URLs


Running Head: THE CAPITAL BUDGET

1

The Capital Budget
Institution Affiliation
Date

THE CAPITAL BUDGET

2

Payroll Forecast
The worker's compensation scheme in California has been existence for quite a long time.
The state has partnered with various insurance companies in order to provide medical covers and
compensation schemes (Ball, 2016). The state has various cadres of workers who seek to help
the state deliver its mandate. The compensation budget has been increasing over time because of
the increase in the number of workers and the prices of covers. It is the sole responsibility of
California State to provide covers for all its employees. The state compensates its employees if
they are injured in the course of their work. Also, the workers’ families are also compensated in
case the worker dies in the course of their duty (Allegretto, 2015).
If the state increases the salaries by two percent the employees will be motivated and the
increase will not have a huge impact on the total budget for the 2014 fiscal year. If the state
increases the salaries be four or five percent, the budget for the year will increase tremendously.
The state may be unable to sustain the budget at first but later the state will continue to operate
smoothly. Therefore a small increase will not be felt by the other sectors but if the percent gets to
a high percent other sectors that need the funding will be affected.
There are various benefits that California State may get when it increases the salaries of
its employees. The employees will be highly motivated by an increase in salary. The employees
will be able to have a better quality of life. They will be able to meet their basics needs without
much strain. The State will be...


Anonymous
Excellent resource! Really helped me get the gist of things.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Similar Content

Related Tags