This assignment focuses on Public Budget Analysis. There is as well an analysis of Financial Report for the City of Jackson. So, r eview the public revenues and public expenditures of the City of Jackson, MS. Determine if the budget is balanced, as written. Justify your position
Public Budget Analysis-Financial Report for the City of Jackson
Public Budget Analysis Assignment ..1. Pull the latest Budget and Comprehensive Annual Financial Report for the City of Jackson (MS) as well as the enabling legislation for the State of MS. 2. Review the public revenues and public expenditures of the City of Jackson, MS. Determine if the budget is balanced, as written. Justify your position. 3. Also, Reduce public expenditures 5% or more. Also, justify the proposed public expenditure reduction. 4. Based on the enabling legislation of the State of MS, propose how to increase public revenues for the City of Jackson 5% or more. More so, Justify the proposed public revenue increase and discuss how it fits with the enabling legislation of the State of MS. 5. Review the budgets for the City of Jackson for the last 5 years and project the expected level of revenue and expenditures for the next fiscal year.
Public Budget Analysis-Financial Report for the City of Jackson
Use at least two projection models. Discuss and justify the projection models used and the results obtained. All calculations should submitted in an Excel document. Discussion and justifications should be submitted in a Word document. Besides, the use of budget indicators (ratios) can help to improve understanding of issues such as the level of implementation of expenditure and revenue budgets or the structure of the budget. So, In the public sector, the main objective of budget analysis is to control expenditures and predict future budget needs. Thereby providing decision makers with the information they need to prepare the budget for the next fiscal period.
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