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in 200 words interpret the chart and suggest and improvement The city of West Plaines has an annual budget cycle that begins on July 1
in 200 words interpret the chart and suggest and improvement
The city of West Plaines has an annual budget cycle that begins on July 1 and ends on June 30. At the beginning of each budget year, an annual budget is established for each department. The annual budget is divided by 12 months to provide a constant monthly static budget. On June 30, all unspent budgeted monies for the budget year from the various city departments must be returned to the General Fund. Thus, if department heads fail to use their budget by year-end, they will lose it. A budget analyst prepared a chart of the difference between the monthly actual and budgeted amounts for the recent fiscal year. The chart was as follows Atal Budget $25.000 31,000 25,000 20,000 16000 10.000 LOO 4 0.000 2,000 (11,000 Mond Required: 11 Interpret the chart. 2) Suggest an improvement in the budget system. The city of West Plaines has an annual budget cycle that begins on July 1 and ends on June 30. At the beginning of each budget year, an annual budget is established for each department. The annual budget is divided by 12 months to provide a constant monthly static budget. On June 30, all unspent budgeted monies for the budget year from the various city departments must be returned to the General Fund. Thus, if department heads fail to use their budget by year-end, they will lose it. A budget analyst prepared a chart of the difference between the monthly actual and budgeted amounts for the recent fiscal year. The chart was as follows Atal Budget $25.000 31,000 25,000 20,000 16000 10.000 LOO 4 0.000 2,000 (11,000 Mond Required: 11 Interpret the chart. 2) Suggest an improvement in the budget system Step by Step Solution
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