2. Mayor McClain has appointed you to head the newly created Recycle Department for the Jefferson City Your first task is to prepare a series of budgets for your department. More specifically, the mayor has given you $450,000 in FY 2018 and $500,000 in FY 2019 to run the department. Using the Excel worksheet templates for chapter 1, prepare a budget estimate for FY 2018 and a budget projection for FY 2019 using a simple line-item, program, and performance budget format allocating the fund that are listed above. (The excel sheet is provided in attachment) A. Line Item Budget: In your line-item budget, use the categories (personnel, operating, and capital remember that personnel costs usually consume the majority of a budget B. Program Budget: Consider the different types of activities (divisions) that a recycling department outlay) that are listed in the text. You are free to spend the funds any way that you see fit. However, would be engaged in (recycling glass, paper, plastic, aluminum, etc.). Your goals and/or objectives should be slightly modified in the second year to show growth in one area and a decrease in another area. C. Performance Budget: Set some specific goals that you ean attain for either one of the divisions that you created in your performance budget (i.e., collect 6 tons of paper during the first year of operation) Suggestion: In addition to staff, a Recycling Department may need the following: recycling bins, aluminum compressors, trucks, marketing brochures, and trailers to hold the recyclable materials. 3. Based on the information in the text and the goals and objectives that you have established for the Jefferson City Recycle Department in Question 2 respond to these questions. A. Which one of these three budgets best describes what the Recycle Department does? Explain your answer. 2. Mayor McClain has appointed you to head the newly created Recycle Department for the Jefferson City Your first task is to prepare a series of budgets for your department. More specifically, the mayor has given you $450,000 in FY 2018 and $500,000 in FY 2019 to run the department. Using the Excel worksheet templates for chapter 1, prepare a budget estimate for FY 2018 and a budget projection for FY 2019 using a simple line-item, program, and performance budget format allocating the fund that are listed above. (The excel sheet is provided in attachment) A. Line Item Budget: In your line-item budget, use the categories (personnel, operating, and capital remember that personnel costs usually consume the majority of a budget B. Program Budget: Consider the different types of activities (divisions) that a recycling department outlay) that are listed in the text. You are free to spend the funds any way that you see fit. However, would be engaged in (recycling glass, paper, plastic, aluminum, etc.). Your goals and/or objectives should be slightly modified in the second year to show growth in one area and a decrease in another area. C. Performance Budget: Set some specific goals that you ean attain for either one of the divisions that you created in your performance budget (i.e., collect 6 tons of paper during the first year of operation) Suggestion: In addition to staff, a Recycling Department may need the following: recycling bins, aluminum compressors, trucks, marketing brochures, and trailers to hold the recyclable materials. 3. Based on the information in the text and the goals and objectives that you have established for the Jefferson City Recycle Department in Question 2 respond to these questions. A. Which one of these three budgets best describes what the Recycle Department does? Explain your