Assignment
3:
Presenting the Budget


Due
Week 8 and worth 300 points



Refer
the Scenario for Assignments 1–5. Prepare the financial plan and budget
justification proposal.



The
agency is contracted to work with New York City on several capital projects. To
proceed with negotiations, an analysis of the city’s financial documents must
be considered. Review the New York City Financial Plan, located at
http://www.nyc.gov/html/omb/downloads/pdf/fp6_12.pdf, to answer questions
listed. (Title this section “New York City Financial Plan”)



  1. Answer Question
    1 based on the review of the New York City Financial Plan: Are total
    revenues growing faster or more slowly than expenditures? Show the annual
    growth rates for revenues and expenditures in a table.

  2. Answer Question
    2 based on the review of the New York City Financial Plan: What is New
    York City’s fastest-growing category of expenditures during the planning
    period? Justify the answer with examples.

  3. Answer Question
    3 based on the review of the New York City Financial Plan: What percentage
    of New York City revenue comes from the general property tax? How much is
    this tax growing in each year of the financial plan? Justify the answer
    with examples.

  4. Prepare a budget
    to support the proposal to partner with New York City to offer a job
    training program housed within the NYC Department of Social Services.
    (Title this section “Budget Justification Proposal.”) (Note: The agency has decided to
    partner with New York City.)


    1. The
      agency proposes $500,000 over a three (3) year period beginning FY2013 to be
      included in the State Categorical Grants for the Department of Social Services to
      provide hands-on job training workshops in office administration, security, construction,
      and apartment maintenance.

    2. Use
      Figure 7.2, Budget Justification, in Chapter 7 (pages 114-115) as an example.



  1. 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.



The
specific course learning outcomes associated with this assignment are:



  • Analyze the basic skills and
    tools needed for budgeting for public sector agencies and / or
    departments.

  • Recommend appropriate policy
    actions based on the evaluation.

  • Evaluate a budgeting system at
    any governmental level.

  • Analyze the scope and sequence of
    budgeting in terms of sources of revenues, purpose of government
    expenditures, budget cycles, budget preparation, and debt administration.

  • Analyze the steps required for
    budgeting, such as preparing a budget, making a financial plan, conducting
    a cost-benefit analysis, and making budget decisions.

  • Examine the key components for
    presenting and justifying the budget to decision makers.

  • Prepare a preliminary budgeting
    system for presentation before Congress, state / local government, or
    other organization.

  • Develop various budget charts
    that represent segments of the budgeting process.

  • Use technology and information
    resources to research issues in public budgeting and finance.

  • Write clearly and concisely about
    public budgeting and finance using proper writing mechanics.