Hi, apologies - this looks like a monster question, however, it's much easier than it looks. I've split it into two questions so that it is not too much. Thanks!

Part 2 for additional points: https://www.chegg.com/homework-help/questions-and-answers/hi-apologies-looks-like-monster-question-however-s-much-easier-looks-ve-split-two-question-q27344779

Simulation: Budgeting Exercise Your job is to create a budget that will most benefit your city, as well as please your constituency. This exercise was designed to give you a look at the budgeting process, from the submission of proposed expansion items, to prioritizing expenditures, to estimating revenues and expenditures. Above all, you will discover that trade-offs necessary to balance budgets are not easy decisionsevery expenditure proposed will have merit to some segments of society. Remember: budgeting is an art, not a science and choices are laden with the values of the public decision-makers. A calculator or computer is needed to perform this exercise well! In fact, Excel might be very handy. Your estimates will not (necessarily) match other folks' sheets, depending on assumptions you make during the process, revenue estimates, and items being funded. This is not a problem. In fact, this is the point of the exercise! I will collect your budget in class. You will present your estimates and proposed items for expansion to the class. Key Steps Read the General Revenue Conditions first. Read through the expenditure and revenue proposals. Make decisions about revenue and spending increases (or lack thereof). Complete the revenue and expenditure worksheets. Be prepared to talk about your decisions and the potential trade-offs. May 2015 The City of BOWLINGWOOD, Idaho General Revenue Conditions for the City PopulationThe Population is steadily increasing in Bowlingwood and it is growing at about a 4% increase each year. The current population is 40,000. Economy-In general, the economy is fairly good and stable in Bowlingwood. Much of the industry is agricultural and manufacturing. Unemployment has been steadily decreasing in the city and is currently about 5%, down from 6% last year. Simulation: Budgeting Exercise Your job is to create a budget that will most benefit your city, as well as please your constituency. This exercise was designed to give you a look at the budgeting process, from the submission of proposed expansion items, to prioritizing expenditures, to estimating revenues and expenditures. Above all, you will discover that trade-offs necessary to balance budgets are not easy decisionsevery expenditure proposed will have merit to some segments of society. Remember: budgeting is an art, not a science and choices are laden with the values of the public decision-makers. A calculator or computer is needed to perform this exercise well! In fact, Excel might be very handy. Your estimates will not (necessarily) match other folks' sheets, depending on assumptions you make during the process, revenue estimates, and items being funded. This is not a problem. In fact, this is the point of the exercise! I will collect your budget in class. You will present your estimates and proposed items for expansion to the class. Key Steps Read the General Revenue Conditions first. Read through the expenditure and revenue proposals. Make decisions about revenue and spending increases (or lack thereof). Complete the revenue and expenditure worksheets. Be prepared to talk about your decisions and the potential trade-offs. May 2015 The City of BOWLINGWOOD, Idaho General Revenue Conditions for the City PopulationThe Population is steadily increasing in Bowlingwood and it is growing at about a 4% increase each year. The current population is 40,000. Economy-In general, the economy is fairly good and stable in Bowlingwood. Much of the industry is agricultural and manufacturing. Unemployment has been steadily decreasing in the city and is currently about 5%, down from 6% last year