11 May WHERE DO MOST REVENUES COME FROM I.E., TAXES? FEES?
Public
Financial Management and Budgeting
Spring 2014
Comprehensive Financial Assessment Project Guidelines
Public managers are
expected to hold a diverse finance-related skill set, including budget
preparation, interpretation of audited financial statements, developing cost
estimates and assessing an institutions overall economic condition. Managers
are also expected to provide objective advice and recommendations to disparate
stakeholders. Developing a comprehensive financial assessment joins together
many of these skills into a single element. As an element of the students
career portfolio, the assessment may serve ends beyond intellectual
development.
Providence, R.I.,
rumored to be filing for bankruptcy for more than a year, experienced consecutive
deficits through fiscal 2012, has a high-debt burden and significant unfunded
pension liabilities, as well as high unemployment and low income levels.
Your assessment must
contain all the following sections and elements:
City Background.Provide
a basic overview of the city. Discuss the citys important demographics (e.g.,
population, number of households, per-capita income, education levels, etc.)
and how theyve evolved. Identify the citys top employers and their
industries. Provide details about your citys governing structure, budget
process, and any economic development activities.
Financial Overview.Identify
the citys sources of revenue and expenses. Where do most revenues come from
i.e., taxes? Fees? Intergovernmental grants? and what budget areas does the
city allocate those funds toward? What is the citys debt situation? Are their
employee benefit programs well-funded or not? For historical context, you must
also examine how these numbers have changed over the past 5 10 years.
Future Issues of Significance.Conclude your paper by discussing any issues of
financial significance to the city over the next 1 5 years. These may be
related to state legislation, federal legislation, changing demographics or
currently-pending activities.
To conduct your
research, consult all the following sources: your citys website, budget,
Comprehensive Annual Financial Report (CAFR) and US Census Data.
Papers must use a
12-point font in black ink with page margins of one inch on all sides. Papers
should be 10 single-spaced pages (including tables and graphs). But, the report
that uses excessively-sized non-text elements to meet the page requirement will
be penalized. Use footnotes for references.
Responses are graded
for completeness, depth of analysis, accuracy, and correct grammar.Public
Financial Management and BudgetingSpring 2014Comprehensive Financial Assessment Project Guidelines Public managers are
expected to hold a diverse finance-related skill set, including budget
preparation, interpretation of audited financial statements, developing cost
estimates and assessing an institutions overall economic condition. Managers
are also expected to provide objective advice and recommendations to disparate
stakeholders. Developing a comprehensive financial assessment joins together
many of these skills into a single element. As an element of the students
career portfolio, the assessment may serve ends beyond intellectual
development.Providence, R.I.,
rumored to be filing for bankruptcy for more than a year, experienced consecutive
deficits through fiscal 2012, has a high-debt burden and significant unfunded
pension liabilities, as well as high unemployment and low income levels.Your assessment must
contain all the following sections and elements:City Background.Provide
a basic overview of the city. Discuss the citys important demographics (e.g.,
population, number of households, per-capita income, education levels, etc.)
and how theyve evolved. Identify the citys top employers and their
industries. Provide details about your citys governing structure, budget
process, and any economic development activities. Financial Overview.Identify
the citys sources of revenue and expenses. Where do most revenues come from
i.e., taxes? Fees? Intergovernmental grants? and what budget areas does the
city allocate those funds toward? What is the citys debt situation? Are their
employee benefit programs well-funded or not? For historical context, you must
also examine how these numbers have changed over the past 5 10 years. Future Issues of Significance.Conclude your paper by discussing any issues of
financial significance to the city over the next 1 5 years. These may be
related to state legislation, federal legislation, changing demographics or
currently-pending activities. To conduct your
research, consult all the following sources: your citys website, budget,
Comprehensive Annual Financial Report (CAFR) and US Census Data.Papers must use a
12-point font in black ink with page margins of one inch on all sides. Papers
should be 10 single-spaced pages (including tables and graphs). But, the report
that uses excessively-sized non-text elements to meet the page requirement will
be penalized. Use footnotes for references. Responses are graded
for completeness, depth of analysis, accuracy, and correct grammar.
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