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Companies like Cisco Systems have been exploring the limits of virtual meetings and conference for both large internal meetings, such as Annual Meetings, and for conferences to which they invite clients (DeVault, 2011). eports from participants and from Cisco are that these meetings are highly effective, cost effective, and fun -- particularly when virtual spaces such as Second Life can be employed as a venue (DeVault, 2011).
As more and more companies go the virtual conference route, spending information becomes more available. For example, Stratus Technologies, which make high-end servers, held a virtual summit to which they wanted to attract high numbers of international attendees and C-Suite executives. The virtual conference cost considerably less than the traditional conference that Stratus Technologies held in the past. The bill for the virtual conference was $100,000 -- approximately one-fifth as much as the event would have cost in a traditional venue. The company…
Kirkman, B.L., Rosen, B., Gibson, C.B., Tesluk, P.E., and McPherson, S.O. (2002, August). Five challenges to virtual team success: Lessons from Sabre, Inc. Academy of Management Executive, 16 (3), 67-79. Retrieved http://turbo.kean.edu/~jmcgill/sabre.htm
Martin, J.A. (2010, January 26). Hotel guests checking into public Cisco TelePresence rooms. Cisco's Technology News Site. Retrieved http://newsroom.cisco.com / dlls/2010/ts_012610.html
Unisfair, Inc., (2011). Internet Software and Services. Bloomsberg Businessweek. Retrieved http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=723693
Two different ways of getting funds to agencies are 1) to pass a short-term funding bill that will extend the debt limit for a few more months, and 2) to tie in Hurricane-relief aid with the budget bill so that there is more incentive for a bipartisan resolution. The course of events could go in any one direction, but the likelihood of a government shutdown and/or default is very low: a shutdown or default would benefit no one, there would be a great deal of finger pointing, and the Trump Administration would suffer another defeat that would signal ineptitude of the highest order.
A short-term funding bill to extend the debt limit would be advantageous for a number of reasons: first, it would allow the federal government to continue operating without fear or pressure of having to produce a budget by a fast-approaching deadline; second, it would signal that sides…
budget process for Las Vegas Metropolitan Police Department (LVMPD). LVMPD was formed in 1973 as a result of the merger of the Las Vegas Police Department with the Clark County Sheriff's Department. LVMPD serves the city limits of Las Vegas along with unincorporated areas of Clark County.
LVMPD is funded by the City of Las Vegas and Clark County. Police department funding is based on a complex formula determined by population, calls for service, and the number of felony crimes from the previous year. Both city and county governments must approve not just the annual operating budget, but also their respective percentage of the budget. In addition to funding supplied by the two governments, the department itself generates approximately one-third of its funds though property tax and the charging for certain services, such as special events. A special sales tax to fund commissioned positions generates additional funding.
The Law Enforcement…
Haynes, B. (2011). Board votes to tap Las Vegas police reserves. Las Vegas Review-Journal. Retrieved August 4, 2011 from: http://www.lvrj.com/news/board-votes-to-tap-las-vegas-police-reserves-120669354.html
Las Vegas Metropolitan Police Department. (2011). Amended Final Budget FY 2011- 2012. Retrieved August 4, 2011 from: Retrieved August 4, 2011 from: http://www.lvmpd.com/pdf/FinalBudget2011-2012.pdf
Las Vegas Metropolitan Police Department. (n.d.). About Us Consolidation. Retrieved August 4, 2011 from: http://www.lvmpd.com/about/consolidation.html
Las Vegas Metropolitan Police Department. (2011). Fiscal Year 2011-2012 Budget-in-Brief. Retrieved August 4, 2011 from: http://www.lvmpd.com/pdf/BudgetinBrief2011-2012.pdf
In this regard, Garner adds that, "A safety-smart leader realizes that while a $10 flashlight purchased in bulk at the local discount store may put out enough light to read a driver's license, a 20,000 candlepower light that sets the department back $90, may make all the difference in the world when the officer holding it faces an armed offender one dark night. Little things like that are not lost on the troops" (p. 92). In fact, as to budget priorities, Garner (1998) suggests that officer training and safety considerations should be at the very top of the police manager's list: "A competent police manager encourages and demands an organizational environment where safety is valued, taught and practiced. He mandates that supervisors and managers role model, inspect, reward and correct for safety. He assures that the very best safety training and equipment is made available to his personnel" (p. 92).…
Borrello, a. (2009, March). In defense of the police manager. Law & Order, 57(3), 64-65.
Carrick, G. (2003, April). Traffic safety in the new millennium. Law & Order, 51(4), 44-45.
Coulton, G.F. & Feild, H.S. (1995). Using assessment centers in selecting entry-level police officers: Extravagance or justified expense? Public Personnel Management, 24(2), 223-
Garner, G.W. (1998, December). A leader's role in officer safety. Law & Order, 46(12), 91-92.
125% to 6.0% would increase the estimated revenues by approximately $300 million, bringing this revenue to its highest level in history. This rate would still be lower than the state sales tax rate in neighboring Southwest states such as Arizona (6.6%), Texas (6.25%), Nevada (6.85%) and California (7.25%) (Sales Tax Clearinghouse, 2010). ith this increase, personal income tax rates would not need to be increased. Corporate income tax rates would also remain the same, as they are not a significant component of general revenues. hile the move to increase the state sales tax would prove unpopular, it would allow New Mexico to build for a more stable budget future, less reliant on federal transfers, while remaining competitive in terms of corporate and personal income taxes.
Appropriations will also need to be cut in order to save money. The main problem with appropriations in the budget is that a looming and…
Massey, B. (2010). NM revenues weaken, more state budget cuts loom. Business Week. Retrieved December 2, 2010 from http://www.businessweek.com/ap/financialnews/D9H3JT6G1.htm
McCaffrey, S. (2010). State budget shortfalls may reach $180 billion this year. Boston Globe. Retrieved December 2, 2010 from http://www.boston.com/news/nation/articles/2010/01/04/state_budget_shortfalls_may_reach_180_billion_this_year/
McNichol, E.; Oliff, P. & Johnson, N. (2010). States continue to feel recession's impact. Center of Budget Policy Priorities. Retrieved December 2, 2010 from http://www.cbpp.org/cms/?fa=view&id=711
New Mexico 2011 Budget. Retrieved December 2, 2010 from http://budget.nmdfa.state.nm.us/cms/kunde/rts/budgetnmdfastatenmus/docs/284016296-01-05-2010-09-15-31.pdf
Decreasing purchases of the items that regularly expire, assuming that such a decrease does not dramatically increase the per-unit cost of each of these items, would definitely present a cost savings to the organization. The other major costs that the organization has some (though not total) control over are the lost balls and the cost of trainers; it is likely that a move to hiring permanent trainers would be more cost-effective than hiring them on an as-needed basis, but more regular participation levels will need to be established for this to be effective. Likewise, it is possible for the organization to reduce lost equipment costs by erecting a temporary barrier to contain wildly hit balls, but the cost of the barrier would need to be fairly low and its durability fairly high to justify this.
6)a. Sales price variance = (25x40000) -- (25x39200) = 20000
Sales volume variance = (20x40000)…
Budgeting and Cost Control Health Care
Budgeting and Cost Control in Health Care:
hat is Present Value Analysis and how is it useful in determining the most cost effective choice among purchase-lease alternatives?
Strictly from the point-of-view of a businessperson, the net present value method, or NPV, of evaluating a potentially major project allows the businessman or woman to consider the time value of money. The time value of money is the value of money of a particular endeavor, in today's dollars. Thus, the calculation of NPV or net present value, gives the present value of the future cash flow, allowing a comparison of the amount of a project's yield or profit, with the amount of money needed to implement the potential project. "If the NPV is greater than the cost, the project will be profitable...NPV analysis is generally used to evaluate the project's cash flows, rather than the income…
Net Present Value Analysis." (2004). Business Owner's Toolkit. Retrieved on February 27, 2004 at http://www.toolkit.cch.com/text/P06_6530.asp
We do not anticipate success is securing a non-voted debt issue. Given the time frame for the completion of the Commons project, the city will weigh our request vs. The upcoming needs for school repairs and roadwork. Education is a touchstone issue for voters, and roadwork affects all voters in the city. hould council decide to issue any of their remaining non-voted debt capacity, it is unlikely they would choose to use it for the Commons project ahead of those two other priorities.
Voted debt, however, they can issue. If the public votes 60% in favor, council will not face the same concerns about opportunity cost. We will not be competing for money with schools. A voter-approved special levy would function in much the same way (financed through property tax increases) but requires only a 50% vote in favor. Although the capacity for such special levies is only $90 million,…
Johnson, Gerry. (2005). New Life Emerges in the Wake of Seattle Commons Failure. Seattle Post-Intelligencer. Retrieved June 20, 2008 at http://seattlepi.nwsource.com/opinion/272622_focus04.html
Jacobson, Arthur Lee. (1995). The Seattle Commons, an Editorial Opinion. Olmsted Parks. Retrieved June 21, 2008 at http://www.arthurleej.com/a-commons.html
No author. (1995). The Commons: Time Line. Seattle Times. Retrieved June 21, 2008 at http://community.seattletimes.nwsource.com/archive/?date=19950911&slug=2141092
History of Washington State votes at http://www.historylink.org/essays/output.cfm?file_id=7536
Budgeting and Cost Control Health Care
Budgeting and Cost Control in Health Care: Significance of Diagnosis-Related Groups and Defenders and Critics of the Current DRG system
Diagnosis-related groups, otherwise known as DRGs, are considered to be one of the building blocks of the modern healthcare and hospital system, for better or, some would say, for worse. DRGs are present in America as well as Australia, and the United Kingdom and are thus compatible with various systems of public and private funding of hospital services. Such hospitals provide individual healthcare consumers with the ability to receive hospital reimbursement under the Medicare Prospective Payment System (PPS), so long as their treatment is commensurate with the reimbursement guidelines outlined by that system.
Currently, DRGs are seen as a potential but problematic solution to rising health care costs. They offer the ability to combine quality and specific diagnostic services that target individual suffers with…
History of DRG." From the nursing home page of Pittsburgh State University. Retrieved on February 27, 2004 at http://www.pittstate.edu/artsc/diagnosproced.htm
This contribution to fixed costs is the same for every customer. Thus, the breakeven point is 250,000 / 500 = 500 customers.
In another example, if the price is 200 and the variable costs are 110, and the fixed costs are 100,000, then the breakeven point is 1112 customers. The breakeven point is always rounded up because to have less than that the company would not yet have broken even. By rounding up, the company has officially passed the breakeven point.
4. The relative value scales are 150, 300, 568.75, 264 and 160 for a total of 1442.75
The relative value scales indicate how much effort goes into each type of acuity. The cost per RVU is relative to the total nursing costs, so it is a weighted-average:
$36,389 for Acuity Level 1
$72,777 for Acuity Level 2
$137,974 for Acuity Level 3
$64,044 for Acuity Level 4
S. This has partially continued during the 90s as well, so protectionist barriers is one of the things Nissan needs to consider when exporting to its main partners.
There are two different actions Nissan may consider in the future in this sense. The first one refers to the fact that Renault, an European company, still holds a significant part of Nissan shares, which may facilitate exports on the European market. On the other hand, trade barriers can generally be avoided by direct implementation in the respective country, a measure which Japanese companies, especially Toyota, have successfully applied in the U.S. during the 80s.
2. Internal competencies
A. General Motor seems to be currently both the most important producer and the sales leader. However, this should come with several amendments. If we are referring to the market leader, there are several criteria worth mentioning. First of all, the number of cars…
http://www.nissan-global.com/EN / www.oanda.com
The departmental and program breakdown of the information in the city of Detroit's budget does not provide quite the same level of detail or of annual change that the city of Austin's budget does, but this more than made up for by the ease of accessing what details are available, and by the different formats of the two cities' budgets almost necessitate these differences in clarity, but they do not entirely account for the lack of clarity in the city of Austin's budget. That budget is already organized by department and broken down into the individual programs; tabulating the department totals and providing a clear overview of the major expenditure and revenue items on the budget would not have entailed any undue extra effort. The city of Detroit's budget clearly shows that both detail and overall clarity are entirely achievable in a municipal budget, making it both more effective and…
Lee, R.; Johnson, R. And Joyce, P. (2008). Public budgeting systems. Sudbury, MA: Jones & Bartlett.
Stenberg, C. (2007). Managing local government services: a practical guide. Washington. D.C.: ICMA.
Health care is a large part of the federal budget and it is increasing in importance. The rate of growth in health care outlays is greater than the rate of growth in the budget itself. The poses a problem, because the federal budget deficit is increasing in size. Debt service is going to be the most rapidly growing component of the federal budget over the next several years, highlighting the need to control costs in all aspects of the budget. The challenge, however, is that both demographic trends and health care cost inflation trends signal a dramatic increase in health care costs in the coming couple of decades. Health care reform is expected to help with cost containment, primarily through shifting some eligibility requirements, but greater solutions are required. Privatizing health care would take if off the government's books, but would have significant negative externalities with respect…
Budget of the U.S. Government, fiscal year 2011. Retrieved December 9, 2010 from http://www.whitehouse.gov/sites/default/files/omb/budget/fy2011/assets/budget.pdf
CBO. (2010). HR 4872. Congressional Budget Office. Retrieved December 9, 2010 from http://www.cbo.gov/ftpdocs/113xx/doc11355/hr4872.pdf
Klein, E. (2010). Rep. Ryan proposes radical solution to budget problem. Washington Post. Retrieved December 9, 2010 from http://www.washingtonpost.com/wp-dyn/content/article/2010/02/05/AR2010020504796.html
" (Huang & Chen, 1) This characterization of using the budgetary process to play 'games' carries with it a negative connotation, which is driven by the inherently threatening implications of tying personal income to performance evaluation.
That said, budgetary clarity is among the most important features to creating and implementing an effective plan of operation in any context. This is to argue that there is never an excuse for a failure to properly budget. This is a primary purpose of accounting, which allows an organization to identify those resources and conditions at its disposal and to determine how these can be used to yield functional operation, sustainability and profitability. Though the numbers which are yielded from a projected budget cannot be used as restraints with respect to operational creativity or mutability, these should at least help to establish a plan of action; anticipate certain milestones in the execution of the…
Hope, T. (1997). Competing in the Third Wave. Harvard Business Press.
Huang, C. & Chen, M. (2008). Relationships among budgetary leadership behavior, managerial budgeting games, and budgetary attitudes: Evidence from Taiwanese corporations. ScienceDirect. Online at http://www.sciencedirect.com/science?_ob=ArticleURL&_udi=B6W58-4VDSJS0-2&_user=10&_rdoc=1&_fmt=&_orig=search&_sort=d&_docanchor=&view=c&_searchStrId=987186959&_rerunOrigin=google&_acct=C000050221&_version=1&_urlVersion=0&_userid=10&md5=570424efa71791707f3c9fc21199de67
Walker, K.B. & Johnson, E.N. (1999). The effects of a budget-based incentive compensation scheme on the budgeting behavior of managers and subordinates. Journal of Management Accounting Research 11, 1-28.
udgeting and Cost Control in Healthcare
One of the most critical issues facing healthcare facilities and organizations is the rapidly increasing cost of providing services. Cost control and budgetary issues are the first consideration for many healthcare facilities. According to statistics, the "single most important thing on the minds of healthcare decision makers is cost management and containment." (Lawson, 2004). In fact, more than 95% of respondents to a survey concluded that cost containment and budgetary issues were among the most pressing issues in the healthcare industry. Yet budgetary issues within the world of healthcare are among the most difficult to address, as most healthcare facilities vary greatly in the level of services they provide to consumers, and the amount of resources readily available to serve those consumers.
Healthcare facilities face increasingly and rapidly rising costs in the face of a poor economy and rising costs associated with providing healthcare…
Berger, Steven. (1999). "The fundamentals of healthcare financial management" Boston: McGraw Hill.
Lawson. (2003). "Taking Action to Control Costs: Healthcare Financial Management." Retrieved February 20, 2004:
Medlink. (2004). "Cost Analysis and Control for Healthcare Facilities."
Week 1 Discussion
Decision making in large organizations can be difficult to properly grasp because its characterized by numerous issues that emerge within the organization. Quantitative and qualitative decision making processes in public finance are similar in the sense that they are utilized to analyze data relating to budget management and other relevant issues. These processes in turn help in effective decision-making with respect to the desired objectives. However, quantitative decision-making process is based solely on empirical data while qualitative decision-making is based on a more holistic perspective. An example of qualitative observation is police testing of new, less lethal gun technology through consideration of the cost benefit analysis (CBS, 2015). On the contrary, an example of quantitative observation is the big budget cuts by state leaders through consideration of empirical data (News9.com, 2010).
Quantitative decision-making seemingly takes precedence in budgeting and issues affecting criminal justice agencies. Quantitative decision-making provides…
Evaluate how Public Policy Decisions Affect the Receipt of Revenues
Politics and attitudes about where the various revenues should be spent can create heated amounts of debate. In the case of the Department of Defense, this can mean that periodic reviews could occur that can have an impact upon a host of different spending programs. At the same time, various assessments will take place with Secretary of Defense. Where, they will review the size and necessity of the various bases / personnel. A good example of this can be seen when the Secretary of Defense will recommend various base closures and force adjustments. As politics and changes in the Department's needs / availability of funds will affect what programs are going to receive the most appropriate amount of revenues.
Analyze the Economic Conditions that Affect Revenue Projections
The economic conditions will play a major role in determining how…
Base Closure List. (2005). MSNBC. Retrieved from: http://www.msnbc.msn.com/id/7834939/ns/us_news
The Numbers. (2010). Tax Policy Center. Retrieved from: http://www.taxpolicycenter.org/briefing-book/background/numbers/revenue.cfm
Bender, B. (2010). Spending Critic Brown. Boston Globe. Retrieved from: http://www.boston.com/news/nation/washington/articles/2010/04/08/spending_critic_brown_backs_mass_weapons_bid/
Dupy, T. (2010). Defense Secretary Wants Spending Cuts. Huffington Post. Retrieved from: http://www.huffingtonpost.com/tina-dupuy/defense-secretary-wants-d_b_571906.html
budgeting management was most helpful to me, I believe, in the sense that it actually helped clarify the various processes about which I wrote, providing me greater conceptual awareness of budget management planning, processes, and content. Of the essays I completed, I must admit that I like various parts of all of them, but feel that my third essay was the best. By then I was more confident about what I was writing. Overall, what I learned from writing all three essays, an insight that will, I believe, remain with me long after this course, is that one learns a great deal more about a subject from writing about it.
My third essay was the best-focused of the three, and most detailed and specific. It was the end result of much thinking I had done. My best sentence, within that essay was (I feel): "The top management, working with the…
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 evenues 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
HHS. (2014, June 1). HHS Budget in Brief. Department of Health & Human Services.
Retrieved June 28, 2014, from http://www.hhs.gov/budget/fy2015/fy-2015 -
IRS. (2014, June 26). Forms and Pubs. Internal Revenue Service. Retrieved June 26, 2014, from http://www.irs.gov/
The product being promoted by this particular budget is a new ladies razor, and the name that has been decided upon is the "Eternal Ladies azor." The razor's value is that it lasts longer and is priced lower than the competitor's leading razor. Now it's time to get the word out to the targeted audience of single, hairy women between the ages of 20 -- 34. With our new razor they will be hairy no more!
The budget for this particular product is $50,000 for the initial campaign, with additional dollars being allocated to the campaign based on sales of the razor. The advertising budget objective is to provide an initial pop for the product with continuing sales throughout the year to establish a niche in the marketplace, culminating in a rise in brand awareness by 15 -- 20% within the year.
In order to accomplish that objective…
Clow, K.E. & Baack, D. (2007) Integrated Advertising, Promotion, and Marketing Communications 3rd edition, New York: Pearson Education
Delgado-Bellester, E. & Munuera-Aleman, J.L. (2005) Does brand trust matter to brand equity?, Journal of Product Brand Management, Vol. 14, Issue 3, pp. 187-196
Potluri, R.M. (2008) Assessment of effectiveness of marketing communication mix elements in Ethiopian service sector, African Journal of Business Management, Vol. 2, Issue 3, pp. 59-64
April 1, 2015 and March 31, 2016, an estate of $3,125,000 is exempt.
April 1, 2016 and March 31, 2017, an estate of $4,187,500 is exempt.
April 1, 2017 and Dec. 31, 2019, an estate of $5,250,000.
Raising the estate tax rates will help the families of the most advantaged members of the population.
However, there were also provisions made for education that should increase funding for schools. However, most of these funding increases were geared strictly at charter schools. New York City charter schools will now enjoy some of the greatest protections in the country; under the new state budget agreement, for the first time ever, charter schools will be eligible for government funds (MYFOXNY, 2014). A $1.1 billion, or 5.3%, increase in education aid, with high-needs districts getting almost 70% of the hike; allocations of $340 million for universal pre-K during each of the next two years, with…
AP. (2014, March 24). NY budget talks continue in Albany as deadline nears. Retrieved from AP: http://www.syracuse.com/news/index.ssf/2014/03/ny_budget_talks_continue_in_albany_as_deadline_nears_1.html
MYFOXNY. (2014, March 30). Huge win for NY charter schools. Retrieved from Fox NY: http://www.myfoxny.com/story/25108048/highlights-of-proposed-140b-ny-2014-15-budget
Weaver, T. (2014, March 29). 2014 NY State Budget. Retrieved from the Post-Standard: http://www.syracuse.com/news/index.ssf/2014/03/ny_budget_details_property_tax_freeze_30_million_for_onondaga_lake.html
Weaver, T. (2014, March 29). NY Budget: Estate tax change. Retrieved from the Post-Standard: http://www.syracuse.com/news/index.ssf/2014/03/ny_budget_estate_tax_change.html
Project Budget and Control
Preparing a Budget
Top-down budgeting is business-planning system whereby the budgeting process begins with information flowing from the very top of the organization down to the departmental or divisional levels within the organization. The top down approach could be used in a large organization that deals with a project they have done before. The reason behind using this approach would be the fact that this is a big project. Therefore, an overall estimate would be made of task that are higher in level and then those estimates of higher-level tasks are then used in setting limits of the costs of lower level tasks. The advantage of using this method is the fact that there will be no need of relying on low-level managers to come up with information on budgeting. Therefore, the business will allow lower level managers focus on their specific departments and hence do…
Project controlsonline.com (2012). Project Controls: What is it and why is it important ? Retrieved July 11, 2014 from http://projectcontrolsonline.com/Home/DefinitionandImportanceofProjectControls.aspx
budget components (Policy Document, Financial Plan, Operating Plan, Communications Device), rank them in order of importance in your opinion and justify your rank order.
ank 1: Policy Document: The Policy Document is synonymous with a Budget Document. The budget document can be a line item detailed listing of every expenditure for every department within the government operation. The document conveys the policies and procedures of the administration and outlines its funding.
The expenditure amount is a further clarification of the entity's commitment to their underlying cultural and operating practices which complement their specific organizational goals and organizational strategies. Organizational strategies in accordance to the Policy Document include the Strategic Planning Document which details how the organization will propel itself into the coming years as a strategic city seeking to attract the best and the brightest to start businesses and to be residents. As the underlying specific goals to the macro…
Blocksidge, Charles. "The Art of the Budget." The American City & County 110.3 (1995): 6-. ProQuest. Web. 18 July 2011.
Thomas, John. "Operational Plan Framework: A Step Toward Sound Management." Optimum 15.2 (1984): 76-.ABI/INFORM Complete. Web. 18 July 2011.
Company is a corporate development, management, Information Communications Technology (ICT), and support consultancy firm, offering its clients solutions to confidently research, survey, set up, and profit from business, as well as other opportunities. The firm aids civil society, public, and private clients in developing required relationships, advances in bonds and securing the required support services and systems in a cost-effective manner, in order to run optimally and accomplish their specified goals. Our objective is providing our clients with essential professional services, to be utilized as a springboard for instituting their business, as well as offering them and others the flexibility of operating without an office; that is, they can simply avail themselves of our Virtual Office Service as a start. X Company's strengths include:
Human esource: Our Company is constituted of a esourceful Managers' team, with highly- qualified members having strong preference for knowledge generation, dissemination and utilization. As knowledge…
DoIT Project Management Advisor. (2006). Stage 2: Initiate the Project. Retrieved August 4, 2015, from http://www.pma.doit.wisc.edu/initiate/5/how.html
Personal finance at duke. (n.d.). What is a budget and why is it important? Retrieved August 4, 2015, from http://personalfinance.duke.edu/manage-your-finances/budget/overview
Shapiro, J. (n.d.). Budgeting Toolkit. Civicus.
Westland, J. (2011, June 23). Project Management: 4 Ways to Manage Your Budget. Retrieved from CIO: http://www.cio.com/article/2406862/project-management/project-management -- 4-ways-to-manage-your-budget.html
Securities and Exchange Commission (SEC) are one of the most well-known entities that regulate markets, protect investors and facilitate the capital market structure. The SEC was founded in 1934 in the wake of the Great Depression -- The SEC was created by section 4 of the Securities Exchange Act of 1934. The SEC was established by the United
States Congress as an independent, quasi-judicial regulatory agency during the Great
Depression that followed the Crash of 1929. Now, more than ever, first time investors turn to the market to protect their future income, send their children to college, pay for homes. The primary duty of the SEC is to promote sound market regulation, sustain economic growth and encourage capital formation.
The Capital Market strategy is one of many used by this entity. It is a market for securities (debt or equity), where business enterprises and governments can raise their long-term funds.…
S.E.C. (1982). "The Role on the Capital Market in the Structural Adjustment Programme (SAP)," Lagos, SEC Quarterly June, Vol 4, No 2.
Sanusi, J.O (1984). The Capital Market: A Boost to Economic development (The banking Aspect)" Seminar Paper on the Capital Market, Lagos.
Matthew Shane., 1970. Capital Markets and the Process of Economic Growth, 77 i.e. Journal of Finance, Voi. 25, No. 4. (Sep., 1970), pp. 950-951.
If we take the former approach, we must now combine men and women together demographically; women now work far more outside the home than they did in 1935. According to the United Nations, this is now roughly 80 years, meaning the retirement age should be pushed to 70, allowing 5-8 more years of pay ins, and far fewer years of pay outs (World Population Prospects, 2006). In addition, if we follow the original mandate, Social Security is a supplemental or emergency program, not meant for those who do not need it.
So, if we take a two-pronged approach; moving the retirement age to at least 70 and recategorizing those who take retirement benefits based on their savings and investment programs, we are in more of a fiscal position to tweak the system already in place. While this may seem unfair to some, if we think about it logically, those "baby…
"Life Expectancy for Social Security," (2010). Social Security Office. Cited in:
"World Population Prospects -- Highlights." (2006). The United Nations Office of Economics and Social Affairs. Cited in:
Control function, may it be management or accounting, plays the same key role. It is, in many ways, a two-way process. First of all, a top-bottom control flow, where the upper management or higher authorities oversee a certain process, but it is also a bottom-top process, as is the case when the feedback and follow-up actions come from the lower levels.
In the case of the expenditure process, the top-down circuit is, first of all, characterized by the budget restrictions that are imposed on the upper management levels of the company. In this sense, the top management defines a certain amount of money that can be spend and notifies accordingly the lower levels within the company. All acquisitions are thus limited by the expenditure levels fixed in the budget.
In many ways, the control function tends to be associated with management accounting. As we know, one of the most important…
2. Bookkeeping and Accounting. On the Internet at http://www.onlinewbc.gov/docs/finance/bkpg_acct.html#4000
On the Internet at
Functions That udgeting Accounts for Is the Planning Function
We will be arguing for the importance of the planning function in the overall budgeting activity and will be arguing for the many ways the budgeting planning function is coordinating with the company's strategic planning.
First of all, the planning function in terms of budgeting refers to the planning activities that the company, starting with the financial department, needs to (1) determine what the company's long-term strategy is, (2) determine what projects bring most added value to the company and (3) determine what priority these projects should have.
Let's refer to each of these steps in part and determine how they impact the budgeting strategy of a company. The long-term strategy for a company is essential in determining the overall objective of a company. For the long run, this may be increasing the volume of sales or increasing the market share…
1. The Training and Technical Assistance Division. Budgeting Techniques. On the Internet at http://www.tcada.state.tx.us/training/presentation/ppt/BudgetingTechniques.ppt#1
The Training and Technical Assistance Division. Budgeting Techniques. On the Internet at http://www.tcada.state.tx.us/training/presentation/ppt/BudgetingTechniques.ppt#1
BHP Billiton Budget and Financial Planning
BHP Billiton is a global Anglo-Australian company specialized in petroleum, metal and mining. Headquartered in Melbourne, the BHP Billiton is one of the world largest mining company using the 2013 total revenue. The BHP Billiton was established in 2001, and has been ranked as a top performing mining company in the world. At the end of 2015 fiscal year, BHP Billiton recorded $44.6 Billion as the total revenue with the net income of $1.9 Billion. In 2010, the company recorded a net income of $12.7 Billion, and by the end of 2014 fiscal year, the net income increased to $13.8 Billion. However, the company net income drastically declines to $1.9 billion at the end of the 2015 fiscal year. (Annual Report, 2015).
This report carries out a financial and budget planning for the BHP Billiton to enhance a greater understanding on the…
Sources of data to evaluate effectiveness of financial management process are:
Tracking items such as utilities, inputs, salaries, and materials.
Evaluate whether costs are allocated by the cost centers.
Financial reports are linked to financial budgets
Cash flow statements are accurate.
Environmental Impact Requirements. As noted above, many citizens maintain that the aesthetic impact of cellular towers lowers their residential property values, but there are other concerns involved in such installations as well. According to Crowell (1996), there have been a number of concerns voiced about the potential health and environmental problems that electro-magnetic radiation from cellular communications towers and their supporting facilities may create. In an effort to protect the aesthetics of these communities as well as to ensure public health and safety, local governments have increasingly applied zoning powers to regulate tower installations by requiring setbacks from residential or commercial structures, imposing height restrictions, and requiring safe zones in the event the tower collapses or debris falls from the tower; in fact, some municipalities have specifically established setback requirements for towers based on health and environmental concerns (Crowell 6). Still other local governments have imposed moratoriums on issuing facility…
Cellular Tower Installations through Public/Private Partnerships." (2005). WEL Associates, LLC. Available: http://www.welutz.com/cell_tower.html.
Clark, Martha L. (2005). "Massachusetts: The Land." In Encyclopedia Britannica [premium service].
Crowell, Anthony. (1996, June). "Local Government and the Telecommunications Act of 1996." Public Management, 78(6):6.
Czerniawski, June. (2000, March 19). "Fence Post: Police station needed." Daily Herald, 15.
Affordable Care Act decreased the number of Americans without health insurance by the millions, which was its primary objective. It used three different mechanisms to achieve this goal -- the expansion of Medicaid, the insurance exchanges, and the extension of coverage to young adults up to age 26. These changes have also helped to stem the growth of health care costs, and have delivered greater health care savings throughout the system, even private insurance customers, than was originally expected. There were some initial costs to the ACA, running from 2014-2019 but after the point the Congressional Budget Office expects the ACA will have a net benefit in terms of its impact on the budget, because of the new taxes it created.
The incoming government is expected to unwind the ACA, as this has been a stated goal of Trump, and of the epublican party. What this means has been studied.…
Abbott, R. K. (2015). The Impact of the Affordable Care Act on Large Employers: A Retrospective. Benefits Quarterly, 31(1), 8-14.
CBO (2016) Budgetary and economic effects of repealing the Affordable Care Act Congressional Budget Office. Retrieved December 4, 2016 from https://www.cbo.gov/sites/default/files/114th-congress-2015-2016/reports/50252-Effects_of_ACA_Repeal.pdf
CBO (2016) Payment of penalties for being uninsured under the Affordable Care Act Congressional Budget Office. Retrieved December 4, 2016 from https://www.cbo.gov/publication/45397
HHS.gov (2016). The Affordable Care Act is working. Department of Health and Human Services. Retrieved December 4, 2016 from http://www.hhs.gov/healthcare/facts-and-features/fact-sheets/aca-is-working/
EMS single-tier response (ST) or a multi-Tier response (MT) is optimal for a community?
While EMS are present in every community, each community has different needs and the response of the EMS should be tailored in a community-specific fashion. For example, some communities are far more dependent upon EMS to provide critical services because of their demographics. A large city such as New York will often have more critical incidents due to violence or safety hazards. Also, the logistics of mobility within a city can mean that a single-tiered response (ST) is more appropriate. At the other extreme, a rural area, because of a lack of medical resources such as nearby hospitals, can also benefit from a ST, given that aspects of primary care and treatment may need to be given immediately on the scene due to the lack of available resources at point of care. In terms of a…
Blackwell, T.H. & Kaufman, J.S. (2002). Response time effectiveness: comparison of response time and survival in an urban emergency medical services system. Academy of Emergency Medicine, 9(4):288-95.
Criss, E. (1994). EMS research. Retrieved from:
EMS dispatch and response. (1983). Fire Chief Magazine. Retrieved from:
Management accountability to stakeholders first requires consideration of who those stakeholders are. When considering financial accountability, the primary defined stakeholders for annual reports are the shareholders or owners of the firm (Elliott and Elliott, 2013). Therefore, this establishes the need for management accountability towards this group of stakeholders, the process which is satisfied not only for annual accounts, but also from quarterly earnings as well as other statements. However, there are other stakeholders which will have a direct impact on the firm, and either directly or indirectly influence their performance. This includes, but is not limited to, government, customers, and suppliers.
Government accountability requires a firm to demonstrate for compliance with regulation, and where governments are not fully satisfied that firms are acting in an appropriate manner, they are likely to introduce more legislation. Customers will have needs regarding the products and services they purchase, this will not only be…
Bodie, Z., Kane, A., & Marcus, A. J. (2014). Investments. London: McGraw Hill Higher Education.
Chyssides, G. D., & Kaler, J. H. (1998). An Introduction to Business Ethics. London: Thompson Business Press.
Elliott, B., & Elliott, J. (2013). Financial Accounting and Reporting. London: Pearson.
Mintzberg, H., Ahlstrand, B., & Lampel, J. B. (2008). Strategy Safari: The Complete Guide Through the Wilds of Strategic Management,. Harlow: Financial Times / Prentice Hall.
Budgeting, particular during pressing economic periods, is critical to the overall solvency of public organizations. Budgeting and proper forecasting provides a means for organizations to remain viable irrespective of the economic circumstances prevailing. History has proven that businesses along with public enterprises must endure various economy cycles and environments. The past decade has provided substantial evidence as to the importance of proper budgeting. Organizations that have failed to budget properly have suffered immensely in regards to lost reputation, profit and productivity. The subsequent decade will be no different in that regard. Budgeting in the public domain, must provide adequate reassurance that the public organization can withstands a litany of economic and monetary circumstances (Parks, 1991)
A budget provides organizations financial priorities in dollar terms. Particular in recessions or depression, public budgets, when analyzed, provide an idea as to the organizations priorities. During periods of mass euphoria and over optimism, budgets…
1) Muir, Helen. (1953) Miami, U.S.A. Coconut Grove, Florida. Hurricane House Publishers. Pp. 33, 100
2) Parks, Arva Moore (1991). Miami: The Magic City. Miami, FL: Centennial Press. p. 12. ISBN 0-9629402-2-4
3) Sullivan, Arthur; Steven M. Sheffrin (2003). Economics: Principles in action. Upper Saddle River, New Jersey 07458: Pearson Prentice Hall. p. 502. ISBN 0-13-063085-3
What are the consequences of an ever-burgeoning federal deficit and debt? Will there ever be a solution or compromise?
One of the most hotly-contested issues in contemporary American political life is how to deal with the current budget deficit. Despite running surpluses during the 1990s, the current budget is widely considered out of control by both Democrats and epublicans. The reasons for the deficit include two costly wars abroad and increased defense spending overall after 9/11; tax cuts, and the recent recession which required federal spending in the form of unemployment assistance and assistance to the states (who are legally required to balance their budgets); and less income tax revenue because of job losses. There also systemic factors that have contributed to high budget deficits (Amadeo 2012). Overall, "mandatory spending has increased. Spending to pay benefits for Social Security, Medicare and other mandated programs has been…
Amadeo, Kimberly. (2012). U.S. Federal Budget deficit. Retrieved at:
Economic effects of a budget deficit. (2012). Economics Help. Retrieved at:
Budget Plan for $10 Million Fund Allocation
Positive economic development in any city in the United tates relies on the provision of effective, efficient, and strong infrastructures that will attract investment to generate job opportunities in the city. A central goal of any city is also to improve health outcomes for the residents to improve their health outcomes. City public officials should also provide safety and securities, and improve students achievements to enhance quality of human developments . However, a city officials are required to keep proper accounts of all income and expenditures to deliver high quality financial resources.
As a newly elected public official of the city of between 50,000 and 250,000 population, our goal is to attract investment opportunities in the city through effective use of budgetary control to meet the economic and health needs of the residents in order to enjoy 100% federal funds. Our goal is…
Sources of Payment, and Incremental Costs, Health Affairs.
Lunenburg, F.C. (2010). Financial Controls: A Safeguard Against Misuse of Public Funds. National Forum of Educational Administration & Supervision Journal. 27(4).
Nkuah, J.F. Tanyeh, J.P. & Asante, J.(2013). The Relationship between Financial Control Systems and Public Sector Efficiency in Ghana. International Journal of Advanced Research in Management and Social Sciences.2(7):209-235.
Malloy, L.C & Merkowitz, S.P. (2015). The Economic Impact of Expanding Medicaid. Healthy Economy.
Popovcic-Avric, S. Mizdrakovic, V. & Djenic, M.(2014). Budget Control and Fund Accounting. International Conference: XIV International Symposium .
Budget Management Analysis
The main purpose of this report is to establish the necessities as well as the costs of iPatientCare HE software to the already existent record keeping system of Home Health Care Agency. Home Health Care Agency is an organization that offers health care to patients in their homes in its targeted region. The agency provides both medical and non-medical services for adult patients in their places of residence. The agency is attributed to provide specified home care and private nursing. The health care services which are provided by the agency are split into two broad classifications which are skilled nursing and therapeutic services. This particular report will reveal the finance costs and also the deemed benefits of the capital expenditure item.
The issue at hand is that in the past number of years, Home Health Care Agency has had a healthy financial performance but the organization has…
Sachdev, R., Pendelton, A., Gustafson, J. (N.D). Compliance In The Age Of Electronic Medical Records. Retrieved from: http://www.thehealthlawpartners.com/files/compliance_and_electronic_health_records_jlg.pdf
Rodak, S. (2011). Key Compliance Considerations When Implementing EMRs. Becker's Health IT and CIO Review. Retrieved from: http://www.beckershospitalreview.com/healthcare-information-technology/key-compliance-considerations-when-implementing-emrs.html
Kaplan, R.S., & Norton, D.P. (2001). The strategy-focused organization. Strategy and Leadership, 29(3), 41-42.
Ruther, M., & Helbing, C. (1988).Use and cost of home health agency services under
Budgets and Budgetary Control: Benefits and Limitations
Budgeting is a basic feature of business that is used by any business or company in order to set up a company's future endeavors by engaging in financial planning. These budgets are prepared for main areas of any business including: purchases, sales, production, labor, debtors, creditors, and cash (Penning, 2009, p.363). Further, these budgets provide detailed plans of a business and its planned endeavors for foreseeable future, often planning for the next three, six, or twelve months. As any successful business cannot hope to remain so without a solid financial leg to stand on, the topic of budgets and budgetary control is simply one that cannot be avoided in the business world, and as such, many key areas and factors of budgeting and budgetary control must be understood in order to achieve success.
Key Areas and Factors of Successful Budgeting and…
Accounting Financial. 2012. Advantages and Disadvantages of Budgets. Web. Retrieved
from: http://accounting-financial-tax.com/2008/07/advantages-and-disadvantages-of-budgets-keuntungan-dan-kerugian-dari-anggaran / [Accessed on 28 March 2012].
Accounting for Management. 2012. Master Budget. Web. Retrieved from:
http://www.accountingformanagement.com/the_master_budget.htm [Accessed on 30 March 2012].
The reason for this shortfall, as noted by the Balance Budget website, emanates from pension costs, previously agreed to cost of living pay increases, rising health care costs overall and a general weakness in the overall economic recovery that has ensued, albeit very slowly, since the end of the so-called "Great ecession" period that ended in approximately 2009 for the nation as a whole. The balance budget website notes that the shortfall in question is equivalent to 20% of the total police officer salary budget, 60% of the total firefighter budget and over 100% of the city's expenses for their libraries and parks (L.A. Budget Challenge, 2013).
Los Angeles Mayor Antonio Villaraigosa, in this budget summary document, notes that budget shortfalls will be addressed through expenditure cuts and increase efficiency. He makes mention of "painful" layoffs but not addressing the real problem of employee-level costs per person being the issue…
City of Los Angeles. (2012, October 29). The City of Los Angeles: LA City Controller: Adopted Budget. The City of Los Angeles: LA City Controller: Home. Retrieved April 16, 2013, from http://controller.lacity.org/AdoptedBudget/index.htm
City of Los Angeles. (2013, April 16). The Mayor of the City of Los Angeles. The City of Los Angeles: Office of Mayor: Home. Retrieved April 16, 2013, from http://mayor.lacity.org/Issues/BalancedBudget/index.htm
City of Los Angeles. (2013, April 16). The City of Los Angeles. The City of Los Angeles. Retrieved April 16, 2013, from http://www.lacity.org/index.htm
City of Los Angeles. (2013, April 16). The City of Los Angeles: City of Los Angeles Council Committees: Budget and Finance. The City of Los Angeles: City of Los Angeles Council Committees: Home. Retrieved April 16, 2013, from http://councilcommittee.lacity.org/budget/index.htm
Municipal Budget Analysis
The objective of this work in writing is to assess the budget of the Municipality of Chicago, Illinois in terms of how well budget documents and auxiliary information address each of these functions. The assessment will be substantiated with examples and information from documents studied. This work will examine a variety of sources including the most recent approved budget of Chicago, Illinois.
The City of Chicago 2011 budget includes provisions of no property tax increases and no new tax, fee, or fine increases to balance the budget. This is to effect that there will be no additional budget to residents already impacted by the recession. Secondly, included is the preservation of $576 million in asset lease funds to protect Chicago's future, which is inclusive of maintaining the entire $500 million Skyway long-term reserve. Third stated is the maintenance of the commitment to provide critical services to Chicago…
City of Chicago 2011 Budget. City of Chicago Organization Online Retrieved from: http://www.cityofchicago.org/content/dam/city/depts/obm/supp_info/2011BudgetKeyFacts.pdf
2006 American Community Survey. U.S. Census Bureau. Retrieved from: http://en.wikipedia.org/wiki/American_Community_Survey
Chicago Central Area Plan Foresees the Future (2002) Inside. 17-23 July 2002. Retrieved from: http://www.insideonline.com/site/epage/6087_162.htm
2006 American Community Survey. U.S. Census Bureau. Retrieved from:
The problems with the budget are said to arise from politicians who are unable to make difficult decisions. The problem with these laws is that they do not explicitly force politicians to make those decision. GRH provides targets for the politicians to work towards, creating motivation, and the BEA provides a framework for penalizing inaction, but neither truly forces politicians to make the tough choices.
Real political solutions involve actually making those tough choices. This is not to discount the value of having these frameworks to guide the negotiations and hold Congress to the outcomes of those negotiations, but the negotiations themselves are the critical component to the budget problem. For example, if the sequester is initiated, Congress can follow it up with laws to build back some of those spending cuts, and it would likely do so quickly. There are no provisions in the BEA, for example, that call…
Bancroft Library. (2011). 1985 Balanced Budget and Emergency Deficit Control Act. University of California at Berkeley. Retrieved November 28, 2012 from http://bancroft.berkeley.edu/ROHO/projects/debt/1985grammrudmanhollings.html
Mitchell, D. (1989). Sequestration Gramm-Rudman's potent weapon for spending restraint. Cato Institute. Retrieved November 28, 2012 from http://www.cato.org/publications/policy-analysis/sequestration-grammrudmans-potent-weapon-spending-restraint
Reischauer, R. (1993). CBO Testimony. Congressional Budget Office. Retrieved November 28, 2012 from http://www.cbo.gov/sites/default/files/cbofiles/ftpdocs/103xx/doc10382/1993_05_13reischauertestimony.pdf
Sahadi, J. (2012). What's in the fiscal cliff? CNN. Retrieved November 28, 2012 from http://money.cnn.com/2012/11/08/news/economy/fiscal-cliff/index.html
A static budget is defined as a budget that is "planned ahead of time based on the owner's best guess about future actual activity." This type of budget is therefore put together for the upcoming time period, and is often based on the data from past time periods, plus or minus different adjustments that management thinks will be necessary. In contrast, a flexible budget is one where the business management can make changes in the midst of an accounting period. Flexible budgeting allows for management to make better decisions on the fly, because the information used in those decisions is kept more up-to-date. Static budgeting relies only on the ability of management to analyze the numbers after the period in order to determine the magnitude and direction of variance, along with the causes of variance. For a flexible budget, management can identify issues with the budget right away, and…
Mueller, D. (2012). Static budget vs. flexible budget. eHow. Retrieved September 12, 2012 from http://www.ehow.com/info_7784641_static-budget-vs.-flexible-budget.html
Bigelow, L. (2012). Static vs. flexible budgets for new businesses. Houston Chronicle. Retrieved September 12, 2012 from http://smallbusiness.chron.com/static-vs.-flexible-budgets-new-businesses-20879.html
Cash budget and target cash balance
The target cash balance is defined as the ideal cash amount a company intends to hold in its reserve at a given time. This figure seeks to strike a balance between the balance sheet costs of extremely little and too much cash. While a company with surplus cash at hand may misuse on investment opportunities, a company with poor cash will often be forced to make undesirable transactions to create more operating capital (Besley & Brigham, 2011). Individual investors are advised to set their target balance too. They may estimate at least the percentage of their holdings in cash to avoid such pitfalls.
Cash budget refers to the operating budgets and capital expenditures. It begins with the initial cash balances then cash inflows are added to the available cash. Cash outflows will then be subtracted to obtain the cash balance. If the cash balance…
Besley, S., & Brigham, E.F. (2011). Principles of finance. Mason, Ohio: South-Western.
Brigham, E.F., & Daves, P.R. (2012). Intermediate financial management. Mason, Ohio: South-Western.
Brigham, E.F., & Houston, J.F. (2012). Fundamentals of financial management. Mason, Ohio: South-Western Cengage Learning.
Ehrhardt, M.C., & Brigham, E.F. (2009). Corporate finance: A focused approach. Mason, OH: South-Western/Cengage Learning.
The "Great ecession" that has crippled local economies throughout America has exposed the traditional budgeting procedures used by legislators and municipal leaders as a fallacious exercise in stopgap financing that fails to address the systemic problems of mismanagement, inefficiency, and wasteful spending. As an increasing number of city and state governments struggle to balance their budgets in the wake of curtailed income and overextended expenditures, economists have worked to develop innovate forms of budgeting which are better suited to meet the demands of modern financial planning. The concept of reality-based budgeting has emerged in recent years as a viable alternative to the traditional method of balancing governmental budgets, which is largely predicated on a combination of across the board spending cuts and untargeted increases in tax rates. As Bob Williams wrote in a recent article published by the non-profit organization State Budget Solutions, "reality-based budgeting assumes the rules…
Cuomo, A.M. State of New York, Division of the Budget. (2012). Governor cuomo's 2012-13 executive budget and reform plan outlines vision to continue building a new york. Retrieved from website: http://www.budget.ny.gov/pubs/press/2012/pressRelease12_eBudget1.html
Williams, B. (2013). Reality-based budgeting: How to permanently resolve state budget gaps. State Budget Solutions, 33(4), Retrieved from http://www.statebudgetsolutions.org/publications/detail/reality-based-budgeting-how-to - permanently-resolve-state-budget-gaps
This demographic understands how investment markets work and is likely to make the smart and responsible choices with these investment funds to ensure that they have a good retirement.
The demographic that is least likely to benefit from such a plan is the demographic at the lower end of the income scale, blue collar workers with less education, minorities, new immigrants, and rural people. These demographics are generally less wealthy to begin with, so they rely more on the Social Security benefits than the demographic that benefits most from having a defined contribution plan for Social Security.
A partially-privatized social security system therefore primarily benefits the type of consumer that is in the best position not to need Social Security at all. Such consumers can use their knowledge of financial markets to enhance their wealth or better protect it. Consumers that are less likely to benefit, having little knowledge of…
Ohlemacher, S. (2012). Social security adds to budget deficit. Huffington Post. Retrieved November 28, 2012 from http://www.huffingtonpost.com/huff-wires/20120812/us-social-security-fact-check/
Hiltzik, M. (2012). Proposal to privatize Social Security rears its ugly head. LA Times. Retrieved November 28, 2012 from http://articles.latimes.com/2012/aug/21/business/la-fi-hiltzik-20120821
Mayor Nutter's budget speech contained several effective elements. The mayor is delivering a challenging budget. IN order to deliver this news, he begins with two effective devices. The first is that he rallies the support of the people by pointing out that he is a leader they can trust (had an open house at City Hall) and that the people of Philadelphia had rallied to meet challenges before (picking up trash, etc.). The second effective device was that he wanted to create a sense of urgency about the situation. In order to deliver bad news, it is important that a sense of urgency is created because it compels the listener to want to act right away, as opposed to delaying action. Thus, the mayor effectively recounts how bad the recession is, and the ways that it has already had a negative effect on the national economy and on the…
Peterson, J. (2012). 12 effective speech tips and checks. Speech Topics Help. Retrieved February 15, 2012 from http://www.speech-topics-help.com/effective-speech.html
Video: $14B auto bailout dies in Senate. Retrieved February 15, 2012 from http://www.youtube.com/watch?v=L7PMnKUcL1U
Video: Nutter paints bleaker picture on budget crisis. Retrieved February 15, 2012 from http://abclocal.go.com/wpvi/video?id=6492270
A sales tax is particularly regressive because low income people spend a greater percentage of their income. They might spend 100% of their income, which means they would pay a sales tax on all of that money. A wealthy person will spend more in terms of dollars on a sales tax, but will also not spend 100% of his or her income. Some of that income will be saved, meaning that not all of the wealthy person's income will be subject to this tax.
For poor people a higher portion of income will be taxed, and there is also less margin for tax increase in their budgets. A wealthy person can afford to pay a little more tax and still have a roof over his or her head, and food on the table. At lower income levels, even a moderate sales tax like 5% is going to put those things…
Investopedia. (2012). Regressive tax. Investopedia. Retrieved November 28, 2012 from http://www.investopedia.com/terms/r/regressivetax.asp#axzz2DYg31VBU
McKinnon, J. (2011) Huckabee presses for national sales tax. Wall Street Journal. Retrieved November 29, 2012 from http://blogs.wsj.com/washwire/2011/07/21/huckabee-presses-for-national-sales-tax/
Montgomery, L. (2009). Once considered unthinkable, U.S. sales tax gets fresh look. Washington Post. Retrieved November 29, 2012 from http://www.washingtonpost.com/wp-dyn/content/article/2009/05/26/AR2009052602909.html
Fiscal and Monetary Issues in America
There are high tensions in the American economy today resulting from speculations whether the government will be able to hit the debt ceiling. Failure to hit the debt ceiling has serious economic effects to many sectors of the economy both in the United States and various countries of the world. Political disagreements regarding the budget delay decision-making process as the date ceiling draws closer each day. The government debt will cause disruption and failures in the U.S. market system and beyond because some rates will double while others will completely fall. The consequences of these are both the government and private sector failures and the economy will not be in a position to sustain itself. Government securities will lose market value and the cost of bonds will double because of the risk premiums. The result of this is government deficits, which will require…
Eichner, A.S., & Kregel, J.A. (1975). An essay on post-Keynesian theory: a new paradigm in economics. Journal of Economic Literature, 13 (4), 1293-1314.
Moseley, F. (1995). Heterodox Economic Theories: True or False?. Brookfield: Edward Edger
Lee, F & Bekken, J. (2009). Radical Economics and Labor. New York: Routledge Publishing.
Property tax relief is a subject that arises when the elderly or poor struggle to meet their property tax burdens. If they are long-term residents, they can be caught up when their neighborhood sees a dramatic increase in property values. There are sometimes mechanisms that governments use in order to provide relief.
Both tax credits and rebates can be used to help return some of the money paid or that is owing from eligible property owners, in order to help relieve from of the burden. This method is direct, and puts the money back into the hands of those who need it. However, this method relies on being able to determine who needs relief. People often have control over their financial situation so an inability to pay does not necessarily reflect somebody with a lack of opportunity to pay. It can be hard to qualify people for relief because of…
TLC. (2006). State roles in financing public school facilities. TLC Research Division. Retrieved November 29, 2012 from http://www.tlc.state.tx.us/pubspol/OnlineFinancePubSch.pdf
Pennsylvania Department of Education. (2012). Property tax reduction allocations. Retrieved November 29, 2012 from http://www.portal.state.pa.us/portal/server.pt/community/property_tax_relief/7452/property_tax_reduction_allocations/510335
Operational issues of IT Department NHS
The objective of this report is to provide a proposal to reduce the IT operational costs. National Health Service (NHS) is a biggest healthcare service provider in the UK, and the organization delivers both primary and secondary healthcare since its formation. The UK government major objective for forming NHS is to provide the affordable and quality healthcare delivery for all social class in the UK. To achieve its objective, the government has implemented the IT project to improve the service delivered by the organization. Despite the implementation of the IT project to deliver the quality healthcare delivery for the UK population, there is an operational issues within the IT department. The external service providers are still delivering the IT services, which has been translated into the high operations costs. The report provides several recommendations to decline the operation costs within the IT…
Boddy, D. King, G. Clark, J.S. et al. (2009).The influence of context and process when implementing e-health. BMC Medical Informatics and Decision Making. 9:9
Hackney, R.A. & McBride, N.K.(2003). The Efficacy of Information Systems in the Public Sector: Issues of Context and Culture. Research Paper Manchester Metropolitan University.
Hendy, J. Fulop, N. Reeves, B.C et al. (2007). Implementing the NHS information technology programme: qualitative study of progress in acute trusts. BMJ.
Hendy, J. Reeves, B.C. Fulop, N. et al. (2005). Challenges to implementing the national programme for information technology (NPfIT): a qualitative study.
Computerization of production in recent years has become quite common, and there are now four versions of the application of computer technology in the production of computer-aided design (CAD) involves the use of computers to design parts and products, which increases efficiency, because it exempt the creation of prototypes. Computer-aided manufacturing (CAM) involves the use of computers for planning and controlling the production process. It is useful if the product or parts are bought frequently, because the computer can provide a better control over the ordering, receiving, assembly and product structure.
Integrated computer-aided manufacturing (CIM) is the result of joining the CAD and CAM, where the computer system that controls the production, receives information and provides the appropriate setting on the machines; when production process starts. All activities for the design, verification and manufacturing are controlled by the computer. Organizations use computer operated systems to develop a layout of equipment…
Boyne, George a., and Kenneth J. Meier. "Environmental Change, Human Resources and Organizational Turnaround." Journal of Management Studies Vol. 46 (2009): 835-863.
Caliskan, Nemli E . "The Impact of Strategic Human Resource Management on Organizational Performance." Journal of Naval Science and Engineering, Vol. 6 (2010): 100-116.
Feinsod, Roselyn R., and Thomas O. Davenport. "The Aging Workforce: Challenge or Opportunity?" World at Work Journal 15.3 (2006): 14-23.
Kingston, Jeremy. "Technology in the Workplace." Futurics 29.3 (2005): 82-3.
Human esource Issues in Health Field
The field of health human resources in the health field deals with issues such as planning, performance, management, development, information, retention, and research on human resources in the health sector Successful realization the mission and goals in this field is determined by the dedication and skills that the specialists possess. This study identifies various issues that often arise and bedevils this field. Current trends relating to technological advancements affecting the success and performance of employees in this field are also identified (Fried, & Johnson, 2002). Therefore, in order to improve service delivery in the health sector and consequently promote a healthy society, it is critical to identify and analyze the various challenges facing human resources in the health sector. This will provide a basis for developing various interventions aimed at dealing with the identified challenges and consequently improving the quality of service delivery in…
American Society for Healthcare Human Resources Administration. (2012). American Society for Healthcare Human Resources Administration ... membership directory. Gainesville FL: Naylor.
Fried, B., & Fottler, M.D. (2011). Fundamentals of human resources in healthcare. Chicago: Health Administration Press.
Fried, B., & Johnson, J.A. (2002). Human resources in healthcare: Managing for success. Washington, DC: AUPHA Press.
Kabene, S.M. (2011). Human resources in healthcare, health informatics and healthcare systems. Hershey, PA: Medical Information Science Reference.
budget document you selected.
The organization that was selected is the city of Los Angeles, California. This is because the government has been facing challenges from the lingering effects of the recession and there is a projected budget deficit of $1 billion for the 2013 to 2014 period. The documented that was selected is the Mayor's 2012 to 2013 Budget Proposal. This will provide specific insights, as to how officials are addressing these challenges and their long-term impact on various programs. ("2012 -- 2103 Budget Proposal," 2012)
Identify the specific type of budget document you selected.
The basic type of budgeting that is utilized is the zero based approach. This is when there is a focus on using the events and budget from the previous year to make determinations about the current situation. When this happens, the budget is adjusted upward or downward to address these realities and provide a…
2012 -- 2103 Budget Proposal. (2012), City of LA. Retrieved from: http://cao.lacity.org/budget12-13/2012-13Proposed_Budget.pdf
Awards Criteria. (2012). GFOA. Retrieved from: http://www.gfoa.org/downloads/BudgetCriteriaExplanationsFY2012.pdf
Zero-Based Budgeting. (2012). Investopedia. Retrieved from: http://www.investopedia.com/terms/z/zbb.asp
budget analyst guided by control concerns takes a more conservative view of the budget, and is likely to put forward conservative guidelines for the budget. These create a stronger form of control, and provide a basis for management to beat the budget. This is because the financial control aspect of budgeting is based on setting realistic benchmarks, and setting budgets in a way that forces management to be efficient. Management is more likely to take an approach that sets budgets higher. Management likely has a preference for having more resources at their disposal, and less tight control on activities. This is not because management does not want to succeed, but management does have an interest in working with a greater amount of resources.
Unit 3. There do not need to be opportunity costs associated with addressing control concerns…unless you specifically choose to blow off planning priorities or program management issues.…
IMF. (2014). Budget preparation. International Monetary Fund. Retrieved March 5, 2014 from http://www.imf.org/external/pubs/ft/expend/guide3.htm
Langfield-Smith, K. (1997). Management control systems and strategy: A critical review. Accounting, Organizations and Society. Vol. 22 (2) 207-232.
Simons, R. (1991). Strategic orientation and top management attention to control systems. Strategic Management Journal. Vol. 12 (1) 49-62.
ith a strong customer and employee basis, the company envisions taking early leadership of the global market. This is also to be based upon management excellence on a local scale. The management team is envisioned to be capable of translating vision into performance on both a local and global scale, while also investing strategically to maximize profitability and performance.
d. In terms of Research and Development, Applied Materials has increased its investments despite economic downturns. The purpose of this was to increase its potential future profitability by providing advanced manufacturing systems for its customers worldwide. This proved to be a good strategy, as the company had build a broad product line that catered for nearly every chip manufacturing stage. In order to reach the next step; integrating systems to perform a specific process sequence, a new facility was needed, and 1997 saw the beginning of construction on the Equipment and…
With a strong customer and employee basis, the company envisions taking early leadership of the global market. This is also to be based upon management excellence on a local scale. The management team is envisioned to be capable of translating vision into performance on both a local and global scale, while also investing strategically to maximize profitability and performance.
d. In terms of Research and Development, Applied Materials has increased its investments despite economic downturns. The purpose of this was to increase its potential future profitability by providing advanced manufacturing systems for its customers worldwide. This proved to be a good strategy, as the company had build a broad product line that catered for nearly every chip manufacturing stage. In order to reach the next step; integrating systems to perform a specific process sequence, a new facility was needed, and 1997 saw the beginning of construction on the Equipment and Process Integration Center (EPIC).
EPIC represents the first facility of its kind in the semiconductor industry, in its capacity as a dedicated 200mm pilot line integration facility. Specifically, the Center enables the company's customers to make their technology transitions with greater speed and ease. To do this, the Center enables them to evaluate and integrate new manufacturing systems in advance of installing these. This provides the company with an important leading edge in the global marketplace. To accomplish this was a challenge on multiple levels that did not end with the Center opening its doors in 1998. Indeed, in order to adhere to its central aims, engineers for the center had to effectively implement systems by which they could set up their systems as often as once per month and make quick modifications according to differing requirements.
A parks recreational leader can encourage visitors through a brochure or other handout to talk with their doctors about their health and wellness. On the other hand, park recreational leaders can also talk with healthcare providers and team up. By doing this, recreational parks may provide some tests for visitors, like blood pressure checks or physical fitness and body mass index checks that offer visitors or those staying at the recreational facility an opportunity to find out whether they are in shape, and if not, what they can do about it.
Park leaders can also organize events like marathon races or shorter races like a 3k race for children and adults with various small prizes or tokens like a ribbon for the leader. They can encourage visitors to fill out forms or surveys where they would have an opportunity to write down what types of physical fitness activities they would…
Allen, L. (2005 Mar) Becoming good sports: professionals need to exercise their power by helping community youth develop through parks and recreation. Parks & Recreation Online, Available: BNet Research Center, March: http://findarticles.com/p/articles/mi_m1145/is_3_40/ai_n13787656
Parks & Recreation
Six Steps in the Budgeting Process. Bottom-up vs. Top-down Budget Plans, 2010).
The budget rules that are prepared by top management are passed down through successive levels within the company. Managers at each level may make additions and offer greater detail for their subordinates. The managers at each level prepare the plans for items under their control. The budgeting process will caution management of possible problems that may occur. By knowing the problems, solutions may be formulated. For example, at the valleys in cash flow, a shortage of cash may occur. Knowing this ahead of time allows management to arrange for a short-term loan for the financing need rather than face an unexpected financing crisis. In a similar element, planning allows for a smooth manufacturing program to result in both lower production costs and lower inventory levels. It steers clear of a crisis circumstances requiring overtime or high transportation charges…
Fuller, Julia. (2010). How to Make a Budget for an Organization. Retrieved August 7, 2010,
from eHow Web site: http://www.ehow.com/how_4464789_make-budget-organization.html
How to Prepare A Sound Budget Process. Six Steps in the Budgeting Process. Bottom-up versus
Top-down Budget Plans. (2010). Retrieved August 7, 2010, from Online Success Center
According to de With and Dijkman (2008), "Management control is the process by which managers influence other members of an organization to implement the organization's strategies. This process consists of four different phases-strategic planning, budgeting, measurement and reporting, and evaluation-each of which leads to the next phase" (27). Beyond the foregoing formal phases, management control also includes informal communications and interactions such as meetings and conversations (de With & Dijkman 2008). In a National Health Service setting, though, a control strategy must recognize the need for flexibility throughout the budgeted period of time in ways that might not affect a private sector counterpart. In this regard, Byrne (2006) notes that, "Ideally, the annual budgeting process sets the performance agenda for the year ahead. However, healthcare budgets are often only an estimate of income and expenditure, with incremental budget setting the dominant budget type employed" (67).
Because the management and control…
Anderson, J.A., 2004, June. "8 Ways to Change Your Financial Life: These Basic but Powerful
Strategies Can Boost Your Net Worth." Black Enterprise 34(11): 280-281.
Bunce, P., 2008, June. "Beyond Budgeting: Public Sector Interest Group (PSIG)." Retrieved
from http://www.bbrt.org/bbfiles/PSIG_Overview.pdf .
The Category Totals for the 2006-2007 Biennial State Operating Budget, found in Chapter 176, Laws of 2005, are as follows:
Chapter 176 - Laws of 2005 - NH Operating Budget
Fiscal Year 2006
Fiscal Year 2007
Total Appropriation for Category 01
AS INCLUDED in SECTION 1.01-403,003,676 416,233,183
ESTIMATED SOUCE of FUNDS for CATEGOY 01, GENEAL GOVENMENT
AS INCLUDED in SECTION 1.01
FEDEAL FUNDS 17,924,517 17,918,180
OTHE FUNDS 106,867,295 105,489,779
GENEAL FUND 278,211,864 292,825,224
TOTAL 403,003,676 416,233,183
Total Appropriation for Category 02
ADMIN of JUSTICE & PUBLIC PTN
AS INCLUDED in SECTION 1.02-420,003,205 424,638,566
ESTIMATED SOUCE of FUNDS for CATEGOY 02, ADMIN of JUSTICE & PUBLIC PTN, as INCLUDED in SECTION 1.02
FEDEAL FUNDS 52,837,182 50,445,675
OTHE FUNDS 152,998,319 155,855,692
GENEAL FUND 213,213,595 217,790,891
TOTAL 420,003,205 424,638,566
Total Appropriation for Category 03
ESOUCE POTECTION & DEVELOPMENT
AS INCLUDED in SECTION 1.03-222,979,010 217,030,487
ESTIMATED SOUCE of FUNDS for…
Hall, D.E.. (Sep 2002). Six Programs Fueled State Spending Increases, 1993-2003. New Hampshire Center for Public Policy Studies. Concord, NH. Retrieved on February 7, 2007 at http://www.nhpolicy.org/nhbudget/19932003v1.pdf
Norton, S.A. (Dec 2006). Fiscal Feast and Famine. New Hampshire Center for Public Policy Studies. Concord, NH. Retrieved on February 7, 2007 at http://www.nhpolicy.org/budget_trends2007.pdf .
Operating Budget for the State of New Hampshire (2004-2005). (2005). About the LBA-Budget Division. State of New Hampshire Office of Legislative Budget Assistant. Concord, NH. Retrieved February 7, 2007 at http://www.gencourt.state.nh.us/LBA/Indexbudget.html.
President George W. Bush (07 Feb 2005). President Bush's Budget and New Hampshire: FY Budget. The White House. Retrieved February 8, 2007, at http://www.whitehouse.gov/infocus/budget/2006/states/nh.html# .
Beyond Budgeting" by Jeremy Hope
The Significance of Budgeting on Effective Management: Analysis of "Beyond Budgeting" by Jeremy Hope
In the book "Beyond Budgeting," author Jeremy Hope gave an altogether different conceptualization of the significance of budgeting on effective management. In it, he emphasized the need for better and well-thought out budgeting plans in order not to sacrifice the management decisions and ultimately, the efficient performance of a company or organization. The author aimed to create a strong argument illustrating this objective -- that is, the relationship of budgeting with management -- and successfully achieved this by centering his attention to the rudimentary, yet essential, details of budgeting in a more comprehensible manner. The book, in effect, was organized into three parts: firstly, an analysis of budgeting; secondly, on management; and finally, the role that budgeting plays on effective management.
One of the revolutionary ways in which budgeting was transformed…
Hope, J. (2003). Beyond Budgeting. Boston: Harvard Business School Press.