Budget Management Techniques for the City of Kelsey

By managing the budget the organization will be better prepared for the financial forecasts, which are the company’s future expenses. Some strategies and tools that will assist with managing the budget are zero based, activity based, performance based, cost

The budget process is a powerful planning tool for government to make important resource decisions. According the Carney and Schoenfeld‘s article on How to read a Budget, an operating budget is a reflection of government’s financial plans. When a budget is

Activism has fought for gender equality in America. The woman suffrage movement gave the opportunity of gender equality in America. It began in the 1850s but was lost focused of until after the Civil War ended. The movement was formed by women activist and some men too. The movement’s goal was to gain equality of gender, that women would be able to vote, gain the same responsibilities that came with citizenship and end woman suffrage. The movement included parades, speeches, protests. Many people disagreed that women should have rights to vote and be a full citizen so there were many arguments. The Women’s Movement accomplish to win the right to vote as a women. FRom the movement, new women cafe, newspapers, and bookstores were opened. Not only that but, clinics and refuge for women and help for those in the presence of domestic violence and sexual abuse.

Working as the budget director for the mayor of the city of Kelsey, we have recently been getting numerous complaints from the citizens about an increase in crime and also an issue of the public demanding for more police officers. With the population of the city growing daily, the increase of crime is continuing to progress as well. The mayor has informed us that this past year is the highest increase in crime in the city’s history, that the federal government has reduced the federal pass-through money for the state and that the budgeting group needs to revamp the budget for the coming year. Within this document as the

This research paper is a brief discussion of budget management analysis. Budgeting is the key to financial management, and is the key to translates an organization goals or plan into money. Budgeting is a rough estimate of how much a company will need to get their work done, and provides the basis for evaluating performance, a source of motivation, coordinating business activities, a tool for management communication and instructions to employees. Without a budget an organization would be like a driver, driving blinded without instructions or any sense of direction, that’s how important a budget is to every organization and individual likewise (Clark, 2005).

The manager must remember that the budget is completed with a goal in mind. All employees should be aware of the budget and how it ties to the ultimate goals or plans for that department (Walsh, 2016). This budget should have a strategy and effectively communicate the department goals. The manager should take the long-range plan to build the annual budget with this plan in mind (Finkler, 2017).

movement in 1852. I believe us woman, must be given the right to vote in order to

Over many years of protests and other movements laws were passed that granted women the right to vote and own their own land.

The City of Kelsey founded in 1932 by M. Kelsey who noticed that it was a good place to raise a family because of its large fields and farming land. Over the years the city as prospered and became a city that is industrial. The City of Kelsey has numerous trucking companies that have grown over the years because of total quality being a process implemented in an accurate and concise way. The City of Kelsey has a better business incentive that is renewed every January which consist of volunteer work, recycling in the home or workplace, exercise in the parks or donate to the community. “Kelsey is an earth-friendly community that promotes a better quality of life through services environmental awareness, and healthy

A company's budget serves as a guideline in planning and committing costs in order to meet tactical and strategic goals. Tactical goals such as providing budgetary costs for daily operations, and strategic objectives that include R&D, production, marketing, and distribution are all part of the budgeting process. Serving as a guideline rather than being set in stone, the budget is a snapshot of manager's "best thinking at the time it is prepared." (Marshall, 2003, p.496) The budget is a method in which to reign-in discretionary spending, and will likely show variances between what costs have been anticipated and what costs are actually incurred.

Budget formulation and use are tools that guide many decision making strategies in business. The measures that are least effective could create an avalanche of catastrophic events that can negatively impact the decision making strategies. It is in the best interest of the pertinent parties to draft an operating budget based on a collective set of information relating to organizational vision and mission. Ineffective measures can be catastrophic based on the foundation for measures used in creating the budget. Among the many issues organizations face that relates to creating an effective operating budget results from poor

Budgeting is crucial in the well-being of a company especially the financial health status of a company. In fact, no professionally managed firm would fail to budget, since the budget establishes what is authorized, how to plan for purchasing contracts and hiring, and indicates how much financing is needed to support planned activity. It is routine for a company to budget for its expenses. Expense budgets act as a guideline of how much revenue a company would require keeping the activities running. It is used to set the company’s targets for a certain period.

Budgetary control is part of overall organisation control and is concerned primarily with the control of performance. The use of budgetary control in performance management has of late taken on greater importance especially as a more integrative control mechanism for the organisation. Discuss.

Once you have a budget you must compare how you are performing to that budget regularly. Minimally once per quarter. If you don 't do this critical step then you have no idea how good or bad you are doing as compared to that plan. Comparing your budget to your actuals helps you understand what is really going on in your business. It also helps you see how your business is trending year over year as well as compared to your industry competitors.

Budget and budgetary control practices are undeniably indispensable as organizations routinely go about their business activities and operations. These organizations are constantly on the alert on how actual levels of performance agree with planned or budgeted performance. A budget expresses a plan in monetary terms. It is prepared and approved prior to a particular budgeted period and explicitly may show the income, expenditure and the capital to be employed by organizations in achieving their goals and objectives.