Government-wide financial reporting - Regina Kearney, United StatesOECD Governance
This presentation was made by Regina Kearney, United States, at the 15th Annual OECD Public Sector Accruals Symposium held in Paris on 26-27 February 2015.
In CBO’s projections, the federal budget deficit is about $900 billion in 2019 and exceeds $1 trillion each year beginning in 2022. Over the coming decade, deficits (after adjustments to exclude shifts in the timing of certain payments) fluctuate between 4.1 percent and 4.7 percent of gross domestic product (GDP), well above the average over the past 50 years. CBO’s projection of the deficit for 2019 is now $75 billion less—and its projection of the cumulative deficit over the 2019–2028 period, $1.2 trillion less—than it was in spring 2018. That reduction in projected deficits results primarily from legislative changes—most notably, a decrease in emergency spending.
Because of persistently large deficits, federal debt held by the public is projected to grow steadily, reaching 93 percent of GDP in 2029 (its highest level since just after World War II) and about 150 percent of GDP in 2049—far higher than it has ever been. Moreover, if lawmakers amended current laws to maintain certain policies now in place, even larger increases in debt would ensue.
Real GDP is projected to grow by 2.3 percent in 2019—down from 3.1 percent in 2018—as the effects of the 2017 tax act on the growth of business investment wane and federal purchases, as projected under current law, decline sharply in the fourth quarter of 2019. Nevertheless, output is projected to grow slightly faster than its maximum sustainable level this year, continuing to boost the demand for labor and to push down the unemployment rate. After 2019, annual economic growth is projected to slow further—to an average of 1.7 percent through 2023, which is below CBO’s projection of potential growth for that period. From 2024 to 2029, economic growth and potential growth are projected to average 1.8 percent per year—less than their long-term historical averages, primarily because the labor force is expected to grow more slowly than it has in the past.
Presentation by Keith Hall, CBO Director, to the American Business Conference.
A wedding , one of the important life events, is a major social event traditionally paid for by the bride’s father.
However, whoever pays for the wedding, expenditure on your wedding should be one you can truly afford.
It is everyone’s big day, and can be as intimate or lavish as you desire but should be within your
limit other than turning out to be an event
where you struggle
to cope financially.
Government-wide financial reporting - Regina Kearney, United StatesOECD Governance
This presentation was made by Regina Kearney, United States, at the 15th Annual OECD Public Sector Accruals Symposium held in Paris on 26-27 February 2015.
In CBO’s projections, the federal budget deficit is about $900 billion in 2019 and exceeds $1 trillion each year beginning in 2022. Over the coming decade, deficits (after adjustments to exclude shifts in the timing of certain payments) fluctuate between 4.1 percent and 4.7 percent of gross domestic product (GDP), well above the average over the past 50 years. CBO’s projection of the deficit for 2019 is now $75 billion less—and its projection of the cumulative deficit over the 2019–2028 period, $1.2 trillion less—than it was in spring 2018. That reduction in projected deficits results primarily from legislative changes—most notably, a decrease in emergency spending.
Because of persistently large deficits, federal debt held by the public is projected to grow steadily, reaching 93 percent of GDP in 2029 (its highest level since just after World War II) and about 150 percent of GDP in 2049—far higher than it has ever been. Moreover, if lawmakers amended current laws to maintain certain policies now in place, even larger increases in debt would ensue.
Real GDP is projected to grow by 2.3 percent in 2019—down from 3.1 percent in 2018—as the effects of the 2017 tax act on the growth of business investment wane and federal purchases, as projected under current law, decline sharply in the fourth quarter of 2019. Nevertheless, output is projected to grow slightly faster than its maximum sustainable level this year, continuing to boost the demand for labor and to push down the unemployment rate. After 2019, annual economic growth is projected to slow further—to an average of 1.7 percent through 2023, which is below CBO’s projection of potential growth for that period. From 2024 to 2029, economic growth and potential growth are projected to average 1.8 percent per year—less than their long-term historical averages, primarily because the labor force is expected to grow more slowly than it has in the past.
Presentation by Keith Hall, CBO Director, to the American Business Conference.
A wedding , one of the important life events, is a major social event traditionally paid for by the bride’s father.
However, whoever pays for the wedding, expenditure on your wedding should be one you can truly afford.
It is everyone’s big day, and can be as intimate or lavish as you desire but should be within your
limit other than turning out to be an event
where you struggle
to cope financially.
Get the financial highlights and an overview of our performance per business.
You can view our financial reports here: www.sgs.com/en/Our-Company/Investor-Relations/Financial-Reports
India Fiscal Deficit Overview Quarter One ReportShujaRahman10
This report covers the overall fiscal deficit suffered by the Indian economy due to COVID19.
The report covers the comparison of previous tax receipts since 2016 and compares it on a Y-o-Y the fall and growth in this phase,upto presently available government data.
The report also five a picture of "What if" no COVID situation had happened on a rough estimate.
Understanding the Challenges of Street ChildrenSERUDS INDIA
By raising awareness, providing support, advocating for change, and offering assistance to children in need, individuals can play a crucial role in improving the lives of street children and helping them realize their full potential
Donate Us
https://serudsindia.org/how-individuals-can-support-street-children-in-india/
#donatefororphan, #donateforhomelesschildren, #childeducation, #ngochildeducation, #donateforeducation, #donationforchildeducation, #sponsorforpoorchild, #sponsororphanage #sponsororphanchild, #donation, #education, #charity, #educationforchild, #seruds, #kurnool, #joyhome
ZGB - The Role of Generative AI in Government transformation.pdfSaeed Al Dhaheri
This keynote was presented during the the 7th edition of the UAE Hackathon 2024. It highlights the role of AI and Generative AI in addressing government transformation to achieve zero government bureaucracy
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
A process server is a authorized person for delivering legal documents, such as summons, complaints, subpoenas, and other court papers, to peoples involved in legal proceedings.
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
Donate to charity during this holiday seasonSERUDS INDIA
For people who have money and are philanthropic, there are infinite opportunities to gift a needy person or child a Merry Christmas. Even if you are living on a shoestring budget, you will be surprised at how much you can do.
Donate Us
https://serudsindia.org/how-to-donate-to-charity-during-this-holiday-season/
#charityforchildren, #donateforchildren, #donateclothesforchildren, #donatebooksforchildren, #donatetoysforchildren, #sponsorforchildren, #sponsorclothesforchildren, #sponsorbooksforchildren, #sponsortoysforchildren, #seruds, #kurnool
Presentation by Jared Jageler, David Adler, Noelia Duchovny, and Evan Herrnstadt, analysts in CBO’s Microeconomic Studies and Health Analysis Divisions, at the Association of Environmental and Resource Economists Summer Conference.
2. 2ND QUARTER FY 2020 FINANCIAL REPORT
General Fund Revenues & Expenditures
Utility Fund Revenues & Expenditures
Capital Projects Fund
Investment Portfolio Update
Summary of City’s Financial Position
The emergency declaration for Stay Home, Work Safe started in mid March
so this report does not reflect the financial expenses or reduced revenue
from the pandemic. Current year projections for the General Fund show the
City is expected to finish in the positive this fiscal year ending 9-30-20.
4. PROPERTY TAX COLLECTIONS M&O AND I&S
SECOND QUARTER FY 2020
Property tax collections from FY18 to FY15 are for the whole fiscal year.
$6,135,840 $5,955,950
5. TOTAL SALES TAX REVENUE BY MONTH
SECOND QUARTER FY 2020
Total for General Fund and Street Maintenance collections. FY 20 total $1,056,227 as of March 31, 2020.
6. GENERAL FUND EXPENDITURES
FY 2019-20 FY 2019-20 FY 2019-20 FY 2018-19
BUDGET 6 MONTHS % BUDGET 6 MONTHS
ADMINISTRATION & FINANCE $ 1,791,195 $ 780,121 44% $ 767,365
COMMUNITY DEVELOPMENT 564,638 249,346 44% 184,201
FIRE/EMS 2,794,050 1,348,800 48% 1,263,139
POLICE / DISPATCH 3,188,365 1,493,651 47% 1,441,797
PUBLIC WORKS 1,853,348 802,859 43% 843,586
TOTAL EXPENDITURES $ 10,191,596 $ 4,674,778 46% $ 4,500,089
OPERATING OVER/UNDER $ 325,971 $ 3,205,838 $ 3,309,284
9. CAPITAL PROJECTS FUND
SECOND QUARTER FY 2020
FY 2019-20 FY 2019-20
YTD TOTAL BUDGET
BEGINNING BALANCE 1,004,122$ 876,491$
REVENUES/GF TRANSFER IN 675,000$ 675,000$
TOTAL REVENUES 675,000$ 675,000$
EXPENDITURES
Olmos Basin Clean-up -$ 25,000$
City Hall Common Areas -$ 18,000$
Swimming Pool 883,534$ 1,375,000$
Nature Trails Building* 89,163$ -$
TOTAL EXPENDITURES 972,696$ 1,418,000$
FUND BALANCE 706,426$ 133,491$
* Nature Trails bldg. completed in October 2019 was a carryover from prior year with a budget of $100,000.
10. INVESTMENT PORTFOLIO UPDATE
SECOND QUARTER FY 2020
CERTIFICATES OF DEPOSIT AMOUNT %
GENERATIONS FCU 1.72% 01/06/21 245,793
JEFFERSON BANK 0.35% 03/28/21 230,411
476,204 3%
SAVINGS ACCOUNTS
JEFFERSON BANK* 0.03% 1,215 0%
POOLS
LONE STAR 1.74% 4,944,033
LOGIC 1.66% 5,335,821
TEX STAR 1.36% 32,109
TEXPOOL INVESTMENT 1.74% 2,553,635
SUBTOTAL 12,865,597 92%
OPERATING ACCOUNT
FROST BANK* non-interest bearing 637,285 5%
TOTAL INVESTMENT PORTFOLIO AS OF MARCH 31, 2020 13,980,301 100%
11. INVESTMENT PORTFOLIO
SECOND QUARTER FY 2020
Market
Beginning Value as of October 1, 2019 11,236,071$
Changes
Net Increase (Decrease) to Investment Pool Accounts 2,644,652$
Net Increase (Decrease) to CD's 8,142$
Net Increase (Decrease) to Savings Account 1
Net Increase (Decrease) to Operating Account 91,434$
Ending Value as of March 31, 2020 13,980,301$
12. INVESTMENT PORTFOLIO
THRU THE SECOND QUARTER FY 2020
PERFORMANCE MEASURES:
Benchmark Actual
90 Day Treasury 1.13% Average Yield 1.59%
Savings Account 0.03%
CDs 1.30%
Investment Pools 1.54%
Operating Account 0.00%
Weighted Average Maturity Maximum 365 days 51
Diversification
Certificates of Deposit Maximum 100% 3%
Savings Account Maximum 100% 0%
Operating Account Maximum 100% 7%
Investment Pools Maximum 100% 90%
Maximum Days to Maturity (as of purchase date) Maximum 360 days
Certificate of Deposit Generations FCU 281
Certificate of Deposit Jefferson Bank 362
This report is in full compliance with the investment strategies as established by the City of Alamo Heights
Investment Policy and the Public Funds Investment Act (Chapter 2256).
13. SUMMARY OF CITY’S FINANCIAL POSITION
SECOND QUARTER FY 2020
PERFORMANCE SUMMARY FOR THE 2nd QUARTER or 50% OF BUDGET
% of Budget Current Quarter YTD Quarter
GENERAL FUND
Total Revenues 72% Positive Positive
Total Expenditures 42% Positive Positive
Total Property Tax Collections 90% Positive Positive
Sales Tax Revenues 58% Positive Positive
ENTERPRISE FUND
Utility Fund Revenues 40% Negative Negative
Utility Fund Expenditures 37% Positive Positive