Purchase Solution

Developing a Budget Request

Not what you're looking for?

Ask Custom Question

Please provide in depth answers to these questions after following the instructions in the word doc and the corresponding excel spreadsheet. Please provide completed spread sheet and answers to questions once complete.

Discussion questions
1. Did the department meet its goal of generating revenues sufficient to cover direct expenditures for each of the years for which data are available?
2. Which of the two approaches yielded more preferable forecast for FY 2013-14 - The 1% incremental estimate or the TMA and why?
3. Based on your knowledge of public budgeting to date, did the department adopt a "balanced budget" for the current year? What issues might arise when defining a balanced budget? Are the department's services public or private goods? Discuss the reasons for your choice.
4. Given your preliminary projections, will the department be able to adopt a balanced budget next year? If not, what options does the department have to ensure that revenues meet expenditures?
5. Based on your knowledge of budgeting and the information available, what system of budgeting will you recommend for this department and why?
6. Discuss the key budget linkages for this department based on your knowledge regarding budget inputs and outcomes.

Attachments
Purchase this Solution
Solution Summary

The expert develops a budget request. Two approaches which yielded more preferable forecasts are determined.

Solution Preview

Thanks for your question! See the attached Excel spreadsheet and Word Doc for explanations of your questions.

Thanks for your question!

To understand the TMA approach of budgeting, I used information found here:

http://www.scribd.com/doc/55951374/7/Transformation-Moving-Average-TMA

"In TMA, we take the trend into consideration by computing Incremental changes over time. Let us use the data in Table 1.2 to illustrate this technique. The incremental changes are shown in Table 1.3.We then need to average the increments to get an average increment. In this case, it is (3.00 + 1.00 + 3.00 + 2.00)/4 = 2.25. The forecast revenue in Year 6 is the most recent actual, 19.00 in Year 5, plus this increment, which is 19.00 + 2.25 = 21.25. TMA is a very simple technique. In general, it is more accurate than SMA and EXS for trend data."

Discussion questions

1. Did the department meet its goal of generating revenues sufficient to cover direct expenditures for each of the years for which data are ...

Purchase this Solution
Free BrainMass Quizzes
IPOs

This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)

Cost Concepts: Analyzing Costs in Managerial Accounting

This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.

Marketing Research and Forecasting

The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.

Academic Reading and Writing: Critical Thinking

Importance of Critical Thinking

Understanding Management

This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.

View More Free Quizzes
Related BrainMass Solutions

  • Guide to write Budget Requests

    452883 Preparing a Budget Request Scenario: You are chief of police for a midsized city of 75,000 residents.

  • operational budgeting

    The director should provide subordinates with initial guidelines, review all proposals as originally submitted, request revisions, resolve differences between subordinate managers, and ensure balance and consistency in the final budget.

  • Writing an RFp (Request for Proposal)

    257853 Writing an RFp (Request for Proposal) What guidelines for developing an RFP might be used in a organization?

  • Healthcare budget

    - What is the definition of a capital budget item in a organization? - An example of a possible capital request in an organization? References needed What is an operating budget?

  • Capital budgeting and the organization

    Why is a capital budget request always an issue within an organization? How might a manager align those requests with the overall needs of the organization?

  • E-business mini project.



    AN ENVIRONMENTAL ANALYSIS

    I would recommend developing a 1 yr. action plan. Divide up tasks and give a budget for each task.

  • HR strategy and execution plan for a child care center

    We would get licensee and acquire all local and state requirements and licenses before opening and of course, acquire the funding and establish a budget for this.

  • What is the variance at completion for this project?

    The project is not performing well, so a change request is submitted to the project manager B. The project is not performing well, so a change request is made to cancel the project C.

  • Roles of CBO, OMB & CEA

    Each year, at the request of the Senate Committee on Appropriations, CBO analyzes the President's budget to see how its revenue and spending proposals would affect CBO's baseline budget projections.

View More Related Solutions