Finance and Accounting The Operating Budget
Scenario for Assignments 1-5
For Assignments 1-5, you will take on the role of a budget analyst for a local government agency. The first role of the budget analyst is to become familiarwith the agency, the budget, programs, and capital projects. Select anylocal (city) government (e.g., Oklahoma City). To locate your agency’s budget, you can either conduct a Google search on the word “Oklahoma City Financial Plan” or you can locate the information on the local government’s Website.As a budget analyst, you will be responsible for analyzing, examining, proposing, and preparing the agency’s budget for the next five (5) years.
Note: Students cannot use New York City as a selected local government
Assignment 1: The Operating Budget
Due Week 4 and worth 250 points
Write a four to five (4-5) page paper, titled Part I: The Operating Budget for the (Selected Agency) in which you separate the content into sections:
1.Provide background information about the agency, mission, goals, objectives, departments, and strategic plan. (Title this section Introduction.)
2.Describe the budget of the agency by addressing the following items: (Title this section Budget Overview.)
1.Financial Summary, including Revenue and Expenditures
3.Perform a Cost Analysis. (Title this section Cost Analysis.) The costs should include the following:
4.Identify and explainone to two (1-2) challenges you will have in managing the budget. (Title this section Budget Challenges.)
5.Recommend two to three (2-3)strategies the agency should review regarding new initiatives and budget cutsover the next five (5) years.(Title this section Budget Recommendations.)
6.Include the agency’s most recent budget or financial plan.
7.Provide the agency’s Website name, URL, and any other sources used to support the assignment’s criteria.
Your assignment must follow these formatting requirements:
•Be typed, doublespaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA. Check with your professor for any additional instructions.
•Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
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