Budget Cycle

1
DISCUSSION ASSIGNMENT INSTRUCTIONS
ONLY USE THE ATTACHED SOURCES AND BOOKS BECAUSE THEY ARE
REQUIRED………
DISCUSSION MUST BE 750 words. Students must support their assertions using
SCHOLARLY and BIBLICAL citations in APA format. Each reply must use Scholarly and
Biblical citation in APA format. Any sources cited must have been published within the last
FIVE years.

BUDGET CYCLE
Thread Outline – Use bolded statements as headings in your thread.
I. Assessment of the Value of the Budget Cycle, as indicated below
 Revenue Estimation performed in the executive branch by the finance director,
clerk’s office, budget director, manager, or a team.
 Budget Formulation reflecting on the past, set goals for the future and reconcile the
difference.
 Budget Hearings can include departments, sections, the executive, and the public to
discuss changes in the budget.
 Budget Adoption final approval by the legislative body.
 Budget Execution amending the budget as the fiscal year progresses.
II. Assessment of the Value of Budgetary Planning Techniques
 Trend Analysis-examining short- and long-term revenues and expenditures over
time
 Driver-Based Planning-examining short- and long-term revenues and expenditures
driven by and important determinants, such as revenues generated, overall
objectives, and number of residents.
 Financial Modeling- takes driver-based planning one step further and uses
equations to support the planning process.
 Forecasting -Regression based simple, multiple, linear and nonlinear extrapolation
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SCHOLARLY SOURCES ARE ATTACHED AND
REQUIRED BOOKS ARE BELOW.
BOOKS
READ CHAPTER 4, AND CHAPTER 6
REQUIRED
Fiscal Administration 10TH 18
Author: Mikesell, John
ISBN-13: 978-1-305-95368-0
ISBN-10: 1-305-95368-1
Edition/Copyright: 10TH 18
Publisher: Cengage Learning
READ Articles 13 – 15 and 32
REQUIRED
Public Budgeting 2008
3
Author: Rubin, Irene S.
ISBN

-13: 978

-1691

-1691

Solution

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