Question
For each of the four revenues set an estimate for the 2020 budget. In order to make the estimate, examine the pattern of amount and
For each of the four revenues set an estimate for the 2020 budget. In order to make the estimate, examine the pattern of amount and percent change and the averages for each revenue (that you calculated in 1., above). See if there is a pattern of change to guide your job in establishing a budget estimate for 2020 (assume that you don't know that the COVID-19 pandemic was coming in 2020). Provide a one-sentence reason or logic for your 2020 estimate in the space available under each revenue.
| Trend Report for City of Buffalo | Budget Year | Budget Estimate | ||||||
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Average Change | 2020 | |
| Revenues | ||||||||
| Utilities Gross Receipts Tax | $8,578,707.00 | $10,252,619.00 | $7,597,549.00 | $8,299,294.00 | $7,748,401.00 | $9,578,834.00 | $8,675,900.67 | |
| Amout Change | $1,673,912.00 | -$2,655,070.00 | $701,745.00 | -$550,893.00 | $1,830,433.00 | $200,025.40 | ||
| Percent Change | 19.51% | -25.90% | 9.24% | -6.64% | 23.62% | 4% | ||
| Reason for 2020 Estimate | ||||||||
| State Aid, Revenue Sharing | $173,285,233.00 | $161,285,233.00 | $161,285,233.00 | $161,285,233.00 | $161,527,752.00 | $161,285,233.00 | $163,325,652.83 | |
| Amout Change | -$12,000,000.00 | $0.00 | $0.00 | $242,519.00 | -$242,519.00 | -$2,400,000.00 | ||
| Percent Change | -7% | 0% | 0% | 0% | 0% | -1% | ||
| Reason for 2020 Estimate | ||||||||
| Sales Tax | $75,464,896.00 | $80,265,980.00 | $81,958,947.00 | $82,053,440.00 | $84,916,124.00 | $87,707,325.00 | $82,061,118.67 | |
| Amout Change | $4,801,084.00 | $1,692,967.00 | $94,493.00 | $2,862,684.00 | $2,791,201.00 | $2,448,485.80 | ||
| Percent Change | 6% | 2% | 0% | 3% | 3% | 3% | ||
| Reason for 2020 Estimate | ||||||||
| Metered Water Sales | $35,652,757.00 | $34,652,165.00 | $35,037,733.00 | $35,438,769.00 | $34,597,070.00 | $39,017,861.00 | $35,732,725.83 | |
| Amout Change | -$1,000,592.00 | $385,568.00 | $401,036.00 | -$841,699.00 | $4,420,791.00 | $673,020.80 | ||
| Percent Change | -3% | 1% | 1% | -2% | 13% | 2% | ||
| Reason for 2020 Estimate |
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Behavioral Finance And Wealth Management
Authors: Michael M. Pompian
2nd Edition
1118014324, 978-1118014325
