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Use the budget data posted below and forecast Blue City's 2021 budget for each revenue (Blue City is a fictional city). 1. Use informed judgment
Use the budget data posted below and forecast Blue City's 2021 budget for each revenue (Blue City is a fictional city).
1. Use informed judgment for each revenue and explain why you use this method.
2. Use the appropriate moving average and explain why you select that method. Only use the data for the last five budget years for each revenue. Show your work for your moving average method.
Blue City | ||||||
Ad Valorem Taxes | Charges & Services | Inter-Gov. Revenue | ||||
Actual | Growth | Actual | Growth | Actual | Growth | |
Fiscal Year | Revenues | Rate | Revenues | Rate | Revenues | Rate |
2006 | 20,713,000.00 | 0% | 6,126,200.00 | 0% | 6,779,900.00 | 0% |
2007 | 21,873,000.00 | 6% | 6,128,900.00 | 0% | 7,696,100.00 | 14% |
2008 | 24,679,900.00 | 13% | 7,507,900.00 | 22% | 8,141,500.00 | 6% |
2009 | 27,336,500.00 | 11% | 7,442,000.00 | -0.01% | 7,874,700.00 | -3% |
2010 | 29,869,100.00 | 9% | 8,285,300.00 | 11% | 8,337,800.00 | 6% |
2011 | 32,006,000.00 | 7% | 9,207,800.00 | 11% | 8,981,700.00 | 8% |
2012 | 36,988,000.00 | 16% | 9,751,400.00 | 6% | 9,468,300.00 | 5% |
2013 | 45,308,000.00 | 22% | 11,964,100.00 | 23% | 10,432,600.00 | 10% |
2014 | 53,218,000.00 | 18% | 11,417,300.00 | -5% | 10,597,000.00 | 2% |
2015 | 49,856,200.00 | -6% | 11,014,700.00 | -4% | 10,622,000.00 | 0% |
2016 | 47,938,900.00 | -4% | 13,887,900.00 | 26% | 10,982,400.00 | 3% |
2017 | 45,465,500.00 | -5% | 14,936,100.00 | 8% | 12,099,300.00 | 10% |
2018 | 42,967,700.00 | 5% | 17,342,600.00 | 16% | 12,529,500.00 | 0% |
2019 | 45,268,700.00 | 5% | 20,177,700.00 | 16% | 12,514,700.00 | 0% |
2020 | 50,258,700.00 | 11% | 15,054,500.00 | -25% | 12,594,400.00 | 0.01% |
2021??? | ? | ? | ? | ? | ? |
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