1. Identify and explain five financial best practices which should be implemented by a public sector entity in its financial and budgeting processes. Your answer should consist of five paragraphs of 5-7 sentences each.  2. Set forth three real world examples from the readings or discussions in this course where a public sector entity encountered serious financial difficulties due to inadequacies in its accounting, internal controls and/or financial forecasting policies, practices or procedures. Identify the root causes of these problems. Then, set forth how these problems could have been avoided by sound financial practices. Your answers should consist of three paragraphs of 5-7 sentences each.  3. Read this article https://www.reuters.com/article/us-illinois-budget/grim-fiscal-forecast-awaits-illinois-new-governor-idUSKCN1NL2KF  and this report https://www.civicfed.org/iifs/blog/illinois-budget-deficit-projected-exceed-1-billion-fy2019 . Feel free to research the situation further. Then, in five paragraphs of 5-7 sentences each, make and support five recommendations that you would make to the Governor of Illinois to remedy these budgetary and financial problems.  4. In seven paragraphs of 5-7 sentences each, summarize what you have learned in this course. Your summaries should cover all of the major topics from Weeks 1-8. 

Design a proposal offering multiple types of aircraft to a fictitious company. Info about the company will be provided in a excel file. This is a template for the proposal.Air Transportation Analysis forCompany NameCompany Tag LineYour NameJob TitleContact InformationExecutive SummaryUse this section of the proposal to identify and explain the problem, and then provide an overview of your solution. Stay problem/solution focused. You should avoid getting specific about an aircraft type or even a make/model. Instead define needs using new aviation terms like: range, payload, and number of seats. Focus on the needs of the company. What is the typical trip distance? How many people usually travel? How much time is spent traveling to the airport that offers airline service? This section should around 100 words. This section should end by directing attention to the next section: Analysis Objectives.You have creative rights with this assignment. Not only do you have the ability to develop the narrative surrounding this fictitious company, but you also have permission to develop the theme of this proposal. The final proposal must be professional, but you do have the ability to use color, contrast, captions, charts, tables, images, and font styles.Analysis Objectives:1. Determine the level of need by performing a City-Pair Analysis2. Identify…3. Compare…4. Determine…City-Pair Analysis ResultsObjective: Determine the level of need by performing a City-Pair AnalysisFindings: One statement that summarizes what was foundTotal Travel MilesA key metric of the City-Pair analysis is the Total Travel Miles. Make sure you realize that there are two key numbers representing miles for this report. The total travel miles of the COO and the total travel miles of the company as a whole. This is important. You should certainly highlight these two numbers here in this section of the report. I recommend using bold to help contrast those numbers from the rest of the text.Travel TimeAvoid committing to a single airplane here. Speak in generalities. You can use the City-Pair Tab in the Excel file to get a good idea on the time needed to travel the above miles. You could compare turboprop time with the time needed for a multiengine jet. Here again be sure to distinguish between time of the COO and time for the whole company.On-Demand SavingsCompare the time savings between on-demand and airlines here. This would be a good place to highlight a few of the cities and how time is saved using an on-demand method. You could refer to your map, chart, or graph below… Try to incorporate bulleted points Remember, I’m not looking for lots of content Notice the amount of content on this one page…just about right.#2 Section Title Objective: Put your #2 Objective here…Findings: One statement that summarizes what was foundSection Header is 16-point fontNormal 12-point font text here.must be followed. A template will also be provided and must be completed until page 4.