Assignment: Application: Evaluating Budget Documents

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MMPA6431

Description

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.

By Day 7

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.

Required Readings

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-findings-gfoa-research


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Explanation & Answer

please find the attached file. i look forward to working with you again. good bye

Running Head: CASH FLOW BUDGET

1

Cash flow Budget
Name
Instructor
Course
Date

CASH FLOW BUDGET

2
Introduction
Natural Resources Defense Council

Rainwater rushing through the buildings of Philadelphia and the city’s structures that are
impervious structures put a strain on the city’s sewer system is combined. As a result, it results in
gallons of sewage that is untreated and that mixed with the polluted overflow to get into the
waterways of the city every year. The town’s predicament’ in the runoff, has resulted in the
Clean Water Act to mitigate on the levels of sewerage that may emanate from the sewer systems
that are combined (NRDC, 2013). Additionally, the predicament has resulted in numerous
obligations that require that the city reduce the number of pollutants that emanate from separate
storm sewer systems.
The city is among those that have adopted the green infrastructure solutions as a solution
to the storm water predicament posed by the runoff. The use of the green infrastructure solutions
is inclusive of installations whose mandate is to ensure that capture runoff before it can pollute
the sewer systems that are already overburdened. Philadelphia’s commitment that is otherwise
unprecedented but it is a plight that the city has resolved to in a bid to address the runoff of storm
water through the city’s Green City, Clean Waters plan. Additionally, in a bid to comply fully
with the Clean Water Act, the Clean Waters plan has laid down the relative binding targets that
forecast the next 25years in which case, the plan is expected to transform approximately a third
of the area that is impervious. It is expected that the rainfall; the first inch thereof, that falls from
a storm is managed while on the site (NRDC, 2013).
To attain this goal the green public spaces and the changes in regulation that are intended
to influence green infrastructure development in private settlements. An NRDC paper of 2012;

CASH FLOW BUDGET

3

Financing Stormwater Retrofits in Philadelphia and Beyond provided an overview of the city’s
new fees on stormwater and the credit structure is a document that may encourage other private
landowners in make investments in stormwater retrofits in such a manner that they can leverage
private capital that will enable the city or cities to acquire enough capital in a bid to meet the
targets set for the green acre (Mikesell, 2018; (NRDC, 2013).
Reflecting on the 2012 paper; this report provides a coherent analysis of the
recommendations that may be applied in a bid to influence investment by the private sectors and
the municipalities in the green infrastructure. It is important to note that albeit the fact that the
report is focused mainly on Philadelphia they are nonetheless broad is perspective and may be
relied upon in a bid to draw on the strategies that cities may rely upon in a bid to adopt an
economically based green infrastructure retrofit opportunities as well as make efforts to leverage
capital from the private sector (NRDC, 2013). The budget document relative to this organization
is the cash flow document.
Cash flow budget
For an organization to function there has to be a complete set of dynamic processes that
are relative to guarantee the cyclical and continuous flow of money in the organization. It is not
facile for the organizations to deal with the modern conditions such as the preservation and the
restoration of the financial, operating and investment costs (Campbell, 2015). This then allows
for the assessment of the stance of ...


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