Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

Midterm Project: For now, take revenues as fixed. You may not alter the amount of money you have to spend. Assume that you have the

Midterm Project: For now, take revenues as fixed. You may not alter the amount of money you have to spend. Assume that you have the exact same amount of money this year, as you did last year ($4,012,945). You must balance the budget of Ramses, NC (population 3,500). The proposed budget must be: a) balanced, b) lawful, c) politically feasible, and d) integrate at least one of the proposals below. The council has recently developed a strategic plan and identified three new proposals they would like to see financed within the next five years. To complete this assignment (from your council) as the city manager, you must submit a proposed (excel sheet) with the proposed expenditures and a two page memo justifying your decisions for the proposed budget. Make sure to justify both where you are making increases in spending as well as decreases. Be sure to incorporate some of the strategies discussed this semester. Proposal one: Crime is up in the town and there is pressure to increase police presence. An additional patrol car in the evening shift, when 70% of the crimes in Ramses are committed, is estimated to cost $120,000 a year (this includes the increases in

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Answer Based on the given scenario and the councils proposals heres a possible approach to balancing the budget for Ramses NC Budget Proposal for Ramses NC Revenue 4012945 fixed Expenditures a Increas... blur-text-image
Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Data Analysis And Decision Making

Authors: Christian Albright, Wayne Winston, Christopher Zappe

4th Edition

538476125, 978-0538476126

More Books

Students explore these related Accounting questions