I will attach the reading.
In this assignment, we examine the government budget process by looking at a real world example of a budget-in-action. Specifically, we look at the budget of Prince William County, Virginia as summarized in
Proposed FY2015 Budget: Citizen Guide
. Use this Document to answer the assignment questions below.
Questions
1.
Based on demographic data supplied in “Our Community” (p. 3), provide a summary of some key characteristics of the community and its members.
2.
Beginning in the 1990s, PWC tied its budget to achieving its strategic plan. Explain how PWC uses the strategic plan to establish the foundation of its budget, using specific examples from
Citizens Guide
.
3.
What are the top four sources of revenue for PWC? Do you believe the PWC revenue profile is typical for counties in the USA? Explain your answer.
4.
PWC divides its budget into two categories: capital budget and operating budget. What is the difference between the two. What is the primary source of revenue for the capital budget? For the operating budget?
5.
A big portion of the PWC budget entails “transfer to schools.” What does this mean from both the Revenue and Expenditure perspective? Supplement your answer with data from
Citizens Guide
. Be sure to look at the special character of this budget item on p. 11.
6.
Smart county budgeting requires political sensitivity of elected officials. How is such political sensitivity reflected in the PWC budget process? (Hint: See p. 14.)
7.
The PWC Capital Improvement Program (CIP) is reasonably typical for counties in the USA. Why do county (and municipal) budgets distinguish between capital budgets and operating budgets? Which three budget areas dominate anticipated capital budget expenditures? Where do you think the money is being spent in these three areas?
.
I will attach the reading.In this assignment, we examine t.docx
1. I will attach the reading.
In this assignment, we examine the government budget process
by looking at a real world example of a budget-in-action.
Specifically, we look at the budget of Prince William County,
Virginia as summarized in
Proposed FY2015 Budget: Citizen Guide
. Use this Document to answer the assignment questions below.
Questions
1.
Based on demographic data supplied in “Our Community” (p.
3), provide a summary of some key characteristics of the
community and its members.
2.
Beginning in the 1990s, PWC tied its budget to achieving its
strategic plan. Explain how PWC uses the strategic plan to
establish the foundation of its budget, using specific examples
from
Citizens Guide
.
2. 3.
What are the top four sources of revenue for PWC? Do you
believe the PWC revenue profile is typical for counties in the
USA? Explain your answer.
4.
PWC divides its budget into two categories: capital budget and
operating budget. What is the difference between the two. What
is the primary source of revenue for the capital budget? For the
operating budget?
5.
A big portion of the PWC budget entails “transfer to schools.”
What does this mean from both the Revenue and Expenditure
perspective? Supplement your answer with data from
Citizens Guide
. Be sure to look at the special character of this budget item on
p. 11.
6.
Smart county budgeting requires political sensitivity of elected
officials. How is such political sensitivity reflected in the PWC
budget process? (Hint: See p. 14.)
7.
3. The PWC Capital Improvement Program (CIP) is reasonably
typical for counties in the USA. Why do county (and municipal)
budgets distinguish between capital budgets and operating
budgets? Which three budget areas dominate anticipated capital
budget expenditures? Where do you think the money is being
spent in these three areas?
