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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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