Budget Compare and Contrast Essay

Download this Essay in word format (.doc)

Note: Sample below may appear distorted but all corresponding word document files contain proper formatting

Excerpt from Essay:

budgets of any major size will get most, but not necessarily all, of their money from taxpayers of several many sorts but the main goal of the agencies regardless of size and structure is to provide basic and needed services to the area they serve, whatever and wherever that may be.

While all budgets are quite similar in one form or another, they are all different in their own ways and this can include the aim(s) of the money to be spent, where the money will come from and the overall fiscal policy exercised within the budget including investment, tax rates and savings strategies.

Basic Description of each budget

Differences and similarities of each budget

Sources of Revenues of each budget

Change of revenue accounts in the future

e. Budget's fit with mission of the domain

f. How to improve budget and/or revenue estimation for each budget


Budget Comparison

The author of this report is to compare and contrast two different budgets of great size and complexity. One of those budgets is to be at the local, state or agency level while the other is to be a major part of the United States government. The two agencies selected were the City of Los Angeles and the Department of Health and Human Services. The most recent projected or adopted budget for both jurisdictions shall be used. For the Department of Health and Human Services (HHS), that would be the fiscal year 2015 budget. For the city of Los Angeles, that would be the fiscal year 2013-2014 budget. While all budgets are quite similar in one form or another, they are all different in their own ways and this can include the aim(s) of the money to be spent, where the money will come from and the overall fiscal policy exercised within the budget including investment, tax rates and savings strategies.


The Los Angeles budget was submitted by Los Angeles Mayor Antonio Villaraigosa and was later modified and adopted by the Los Angeles City Council. It was to have covered all revenue collection and spending from July 1st, 2013 thru June 30th, 2014. As such, the relevant period is literally about to end with days of this report being prepared. The budget is an amalgamation of all of the different agencies and what each of them will spend for the fiscal year in question. For each agency, there is a column that shows the mayor's proposal of spending as compared to the council changes. If/when there are changes done in counter by the mayor, then those are shown and then a final column that shows the final total is shown on the far right. For example, page R-10, fairly early in the report, shows the spending amounts for Animal Services. The salaries and expenses proposed by the mayor and changed by the council are shown and the general source of the funds to be used are shown at the bottom. In the case of Animal Services, a modicum of the funs shall come from the Animal Sterilization Fund but he vast majority will come from the general tax collection fund that is used by the city of Los Angeles to fund most of their endeavors. This breakdown continues for each agency using all of the sections just mentioned. The prevailing format changes for special funds and/or projects that involve investments or other special fund sources like pension funds and so forth. However, the format is pretty consistent. There are also pages that show tax receipts vs. budget and how this all compares to the new year's budget so that one can see the trend over the last two to three fiscal years including what has happened and what has been enacted for future projects and expenses. In total, the budget for the City of Los Angeles was 415 pages for the fiscal year in question and this includes the index (Los Angeles, 2014).

In terms of where the Los Angeles money goes, that is neatly broken down within the report. About 44.4% of all funds go to community safety expenditures such as crime control, fire control, public assistance and other similar endeavors and expenditures. Another 26.8% goes to home and community environment spending such as sewage collection/treatment/disposal, solid waste collection and disposal, planning/building enforcement, blight identification/elimination, aesthetic and clean street programs, and other similar spending. Transportation comes in at 12.5% of all spending with just half of that figure going to traffic control and the rest goes to street/highway transportation and other measures/requirements. About 2.4% of the total budget goes to the Los Angeles human resources spending amount as well as economic assistance/development expenditures. The final 7.4% goes to general administration and support. Those amounts include administrative, legal and personnel services, legislative services, executive services, public buildings/facilities expenses and other financial operations (Los Angeles, 2014).

By comparison, the fiscal year 2015 budget for the Department of Health and Human Services (HHS) was reviewed and pored over for this report using the "Budget in Brief" snippet that they send as a summary or their full budget due to the gargantuan size of the latter. The Budget in Brief starts out by covering the overall total of outlays for the new budget year and it shows the prior two fiscal years, those being 2013 and 2014 of course, as a means of comparison. In 2013, the budget showed spending of $886 million on a budget authority of $873 million. In 2014, there was an authority of $962 million and out outlay of $958 billion. In 2015, the amounts are projected to be an authority of $1.020 billion and a total outlay amount of $1.010 billion. Of those one billion dollars, a shade over half of that will go to Medicare for a total of just over half a billion. A third of the overall number will go Medicaid. Anywhere from two percent to eight percent will go to discretionary programs, children's entitlement programs, Temporary Assistance for Needy Families (TANF) and other mandatory programs. The sources of these funds come from two major sources, those being the "general fund" of federal income tax receipts while a lot of other money comes from money withheld directly for the program in the form of Medicare tax, an employment tax that anyone with taxable income pays into. The recently passed, Patient Protection and Affordable Care Act (PPACA), commonly referred to as "ObamaCare," is a program not specifically mentioned in the pie chart but is also a concern and a factor in the budget since its enactment in 2010 (HHS, 2014)

The breakout for each "sub-agency" of the Department of Health and Human Services is laid forth. For example, the Centers for Disease Control, the Food and Drug Administration and the National Institutes for Health, among others, are all actually sub-agencies to the larger Health and Human Services Agency. This is not unlike many to most intelligence agencies at the federal level all answering to the Director of National Intelligence (DNI) and/or the Homeland Security director. With each agency, there is a good further drilling down of what is done as well as graphs and charts showing things like enrollment figures, highlights of challenges or problems in certain areas and so on. The total "Budget in Brief" document assessed for this report is about 141 pages (HHS, 2014).

As for a compare and contrast of the two budget documents, there are a lot of similarities but there are also a bunch of differences. They are similar in that they are both quite lengthy but they are different in that the supposedly smaller agency, at least in terms of any larger government force, has a budget document that is more than 400 pages but the HHS "brief" document is 141 pages. Even with the enhanced brevity of the HHS document, there is a greatly improved amount of detail, explanations and so on in addition to the standard prior year and current year examples that dominate the Los Angeles budget. The HHS budget not only names each sub-agency and expenditure in the budget line items themselves and compares the current year stop the prior years, they also give fairly thorough explanations of what each department or sub-agency does, how many people they have serviced in recent years and how that stands to change in the coming years and other things as well. Both of the budgets have indexes and a legend of what each acronym stands for. The Los Angeles budget, meaning the actual document reviewed for this assignment, is full of actual statues and other "legalese" whereas it is obvious that the HHS budget document was condensed and reformed for easier public consumption. However, neither of the budgets are written or presented in a form that an educated person could not understand but the Los Angeles version is more likely to confuse people that are new to politics, business or finance in general as compared to the HHS budget (HHS, 2014).

Regarding the major sources…[continue]

Cite This Essay:

"Budget Compare And Contrast" (2014, June 28) Retrieved December 7, 2016, from http://www.paperdue.com/essay/budget-compare-and-contrast-190165

"Budget Compare And Contrast" 28 June 2014. Web.7 December. 2016. <http://www.paperdue.com/essay/budget-compare-and-contrast-190165>

"Budget Compare And Contrast", 28 June 2014, Accessed.7 December. 2016, http://www.paperdue.com/essay/budget-compare-and-contrast-190165

Other Documents Pertaining To This Topic

  • Compare and Contrast China Preventive Health Services and US Preventive...

    China Preventive Health Services and U.S. Preventive Health Services The objective of this study is to compare and contrast China preventive health services and U.S. preventive health services. The work of Clarke (2010) reports that prevention "was a prominent feature of the health care reforms that took place in the late 1960s through the early 1970s. During that time strategies such as universal vaccination, promotion f lifestyle changes, population screenings, and

  • Open vs Closed Healthcare Compare and Contrast

    Open vs. Closed Healthcare Compare and contrast the U.S. healthcare system with that of another developed country. What aspects of open and closed systems are exhibited by the United States and by your selected country? The country that will be used for comparison is Great Britain, which operates its healthcare through the National Health Service (NHS, 2013). Most, but not all, of the healthcare in the country emanates and/or is regulated by

  • IBM Case Study Compare and Contrast the

    IBM Case Study Compare and contrast the project portfolio management approaches that IBM and Deloitte Consulting used to rank and select the projects for their respective portfolios. IBM uses the Q-sort approach to manage their project portfolio. This approach enables them to analyze opinions raised by groups based on rankings given by each group member. The company embraced this strategy as a way of measuring the relationship between opinions of different employees.

  • Quality Management Compare and Contrast

    "In India, there are no Big Macs because the Hindu people don't eat beef. However, they have the Maharaja Mac, which a Big Mac is made of lamb or chicken meat. There is also a vegetarian burger, the McAloo Tikki" (Adams 2007). However, despite the fact that McDonald's must face what may seem like insurmountable challenges, like selling its 'burgers' in a nation like India where a high percentage

  • Budget Management Analysis in Budgeting One of

    Budget Management Analysis In budgeting, one of the major challenges is accurately predicting the profit margins of a firm. This is because there are uncertainties from changes in the economy and their industry. These factors could adversely affect their earnings. To improve accuracy, accounting personnel must use tools and strategies that will enhance analysis. This will be accomplished by focusing on: tactics for managing budgets, comparing results with expectations and recommending

  • Compare and Contrast U S and Norway Healthcare Systems

    U.S. & Norway Healthcare Systems healthcare system has many advantages and disadvantages which are most revealing when compared to the other health care systems of the world. An analysis between the U.S. healthcare system and a government run healthcare system of Norway provides a deeper understanding of the similarities and differences in the two systems. Almost every other developed nation in the world has some form of universal coverage which reduces

  • Compare and Contrast English 101

    College Students with Children (Parents) and without Children The beneficial effects of acquiring formal education in college is one of the primary goals of many people nowadays, not only because of the financial gains that a college degree guarantees through employment, but also the personal fulfillment an individual gets from being able to achieve an important educational feat. This is the main reason why not only single individuals attend college

Read Full Essay
Copyright 2016 . All Rights Reserved