Budget analysts provide financial analysis to legislators, evaluate how healthy a program is, assess policy, and draft budget-related legislation. Imagine you are a budget analyst for a state or local (municipal or county) criminal justice or security agency. Review the most recent budget for that agency. Provide an analysis for your agency director of revenue sources used to support agency operations and financial tools that will be helpful to the agency. Identify the criminal justice or security agency you have chosen. Search the state, county, or municipality website and find the most recent budget. Your chosen agency will be one of those listed in the respective budget. For example, if the chosen agency is the Cook County sheriff in Illinois, search online for “Cook County sheriff budget” or “Cook County budget.” Then search for “Cook County sheriff” in the master budget. Not all local governments post their budgets online. If you cannot find the budget for your chosen criminal justice or security agency, ask your instructor for some assistance, or select your state budget. Write a 525- to 700-word analysis in which you: Identify and describe the fund sources or revenues (e.g., general fund revenue from shared sales taxes and property taxes). Provide a table of the revenue amounts used in the last budget and describe any limitations of those revenue sources (e.g., drug prevention grant funds can only be spent on programs that reduce drug use). Describe at least one strength and one weakness of each revenue source (e.g., a strength of general fund revenue is that it is a reliable source, and a weakness is that if there is a recession, less general fund revenue will be collected). Identify any financial tools that may be helpful to the agency and discuss how they would be effective.

Choose 1 of the following topics related to the Great Recession:The housing price bubble, collapse, foreclosures, bailout of underwater mortgagesSubprime mortgages and derivatives, bailout of FNMA, Freddie Mac, and AIGThe banking industry crisis, bailout of commercial and investment banks Write a 500 to 750-word analysis of 1 of the following corrective actions taken by the Federal Reserve as a result of the crisis:Quantitative easingPurchase of toxic assets from financial institutionsPaying interest on reserve balancesAddress the following in your analysis:Actions taken by the Federal Reserve to mitigate the crisisHow the corrective action helped to restore stability to the financial systemHow the corrective action should prevent recurrence of a similar crisisNote: Use of charts and graphs is encouraged, with appropriate citations. Any charts or graphs retrieved from the Federal Reserve Bank of St. Louis FRED website may only be included when the data sources used by FRED are U.S. government sources, such as the Bureau of Economic Analysis or the Bureau of Labor Statistics. Cite at least 2 academically credible sources.