Share
Explore BrainMass

Roles, expenditures, and revenue for the federal state

Create a matrix identifying the roles, expenditures, and revenue for the federal, state, and local levels of government.

- Select three revenue sources in public budgeting.
- Summarize and describe each revenue source and which fund the source should fall under or be tracked in. Additionally, address the following:
- Importance of informed financial decisions.
- Financial analysis tools used.
- Organizational financial analysis alternatives.

Attachments

Solution Preview

Expenditures and Revenues Matrix
State: ________Georgia____________

City or County: ___Dekalb_________________

Federal State Local
Public Budget Programs The Medicaid program is a well-known federal budget program. The money taken from employee paychecks is used to fund the Medicaid bills for low-paid citizens. TANF is a public budget program assisting low-income families. TANF stands for Temporary Assistance for Needy Families. The funds used is to focusing on providing parents with job preparation, work opportunities. Early Childhood Development education could be considered a budget program because local tax revenue is used to help prepare children for pre-school and kindergarten.
Capital Budgets Capital budget projects examples include costs relating to highways, sewage, water, utilities, costs or any building costs Capital budget projects examples include costs relating to highways, sewage, water, utilities, costs or any building costs Capital budget projects examples include costs relating to highways, sewage, water, utilities, costs or any building costs
Debt Repayment The repayment of debt via US Treasuries (T-Bills, T-Notes, and T-Bonds) can be used with money invested on Wall Street or through federal tax money. The repayment of debt via state municipal bonds can be used with money generate through state income tax money. The repayment of debt via local municipal bonds can be used with money generate through local income tax money.
Individual/Corporate Taxes The Feds can raise money through taxes deducted from employee paychecks as well as quarterly or yearly taxes paid through businesses or corporations. The State can raise ...

Solution Summary

The roles, expenditures and revenues for the federal states are examined. The importance of informed financial decisions are examined.

$2.19