Question
Write an analysis of the data in a Word Document. The analysis should address the following: Summarize the overall data/results by pointing out key metrics.
Write an analysis of the data in a Word Document. The analysis should address the following: Summarize the overall data/results by pointing out key metrics. Including: Adapted from case: City of Somerville, MA: Budgeting and Performance Evaluation by Dr. Wendy Tietz Copyright 2018 Wendy M. Tietz, LLC o From 2013 2016, what was the total spending in each of the four calendar years? Is spending trending up, trending down, or remaining stable? (From Req. 1) o In each of the years 2013 - 2016, how much was spent in each of the three categories of government (Education, General Government, and Public Works)? What does the pivot table show you? (From Req. 2) o How much in expenditures did Somerville have in each Item Class in the General Government category for each of the years 2013 2016? What insights can you draw from the pivot table? (Req. 3) Analyze the budget variance report you prepared in Req. 4. What variances do you think should be investigated? Why? How and why do managers use budgets? What are the benefits of budgeting?
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