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You are in charge of the forecast annual budget for a governmental entity. As the fiscal year end gets closer, the actual costs appear to
You are in charge of the forecast annual budget for a governmental entity. As the fiscal year end gets closer, the actual costs appear to be 10% lower than the forecast budget. The government entity has a use it or lose it budgeting system. Do you charge items in order to reach your forecast amount in order to keep your budget for the next year or do you allow your expenses to fall below the forecast amount? And Why?
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