PAD 505 – Public Budgeting and Finance

PAD 505 – Public Budgeting and Finance

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PAD 505 Student Version 1132 (1090 4-16-2013) Final of 23

(Prerequisite: MAT 540)

COURSE DESCRIPTION

Examines key financial institutions, processes, and techniques relating to public budgeting, revenue, and expenditure. Covers analytical techniques appropriate for the analysis of revenue, spending, and debt issuance. Reviews stages of the budget process, and related actors and analytical techniques using the federal budget process as a case study. Discusses performance-laden budget reforms, governmental accounting, debt management, and financial reporting. Reviews principles of taxation and evaluates major sources of revenue and their significance.

INSTRUCTIONAL MATERIALS

Required Resources

Chen, G. G., Forsythe, D. W, Weikart, L. A., & Williams, D. W. (2009). Budget tools: Financial methods in the public sector. Washington, D.C.: CQ Press. (Note: To complete the exercises from the chapters and appendices, students will need to have the CD that comes with the purchase of a new textbook.)

Microsoft Excel (Version 2010). [Software]. (2010). Microsoft, Redmond, WA. Retrieved from

http://office.microsoft.com/en-us/excel/ (Note: A free trial version can be downloaded from Microsoft at the same Website.)

Supplemental Resources

American Association for Budget and Program Analysis. (2011).General format. Retrieved from www.aabpa.org

Association for Budgeting and Financial Management. (2011).General format. Retrieved from

http://www.abfm.org/ Auerbach, A., Burch, R., & Gale, W. (2010). The federal budget outlook. Washington, D.C.: Brookings

Institution Press. Citizen’s Budget Commission. (n.d.) General format. Retrieved from http://www.cbcny.org/ FedStates. (2007).General format. Retrieved from http://www.fedstats.gov/ Government Finance Officers Association. (n.d.) General format. Retrieved from http://www.gfoa.org/ Government Accountability Office. (n.d.) General format. Retrieved from http://www.gao.gov/ National Association of State Budget Officers. (2012).General format. Retrieved from www.nasbo.org OECD Best Practices for Budget Transparency. (2002).General Format. Retrieved from

http://www.oecd.org/governance/budgetingandpublicexpenditures/1905258.pdf Rubin, I. S. (2009). The politics of public budgeting: Getting and spending; borrowing and balancing (6th

ed.). Washington, D.C.: CQ Press. Schick, A. (2000). The federal budget: Politics, policy, and process. Washington, D.C.: Brookings

Institution Press.

http://office.microsoft.com/en-us/excel/

http://www.aabpa.org/

http://www.abfm.org/

http://www.cbcny.org/

http://www.fedstats.gov/

http://www.gfoa.org/

http://www.gao.gov/

http://www.nasbo.org/

http://www.oecd.org/governance/budgetingandpublicexpenditures/1905258.pdf




COURSE LEARNING OUTCOMES

1. Analyze the basic skills and tools needed for budgeting for public sector agencies and / or departments.

2. Recommend appropriate policy actions based on the evaluation. 3. Evaluate a budgeting system at any governmental level. 4. Analyze the scope and sequence of budgeting in terms of sources of revenues, purpose of

government expenditures, budget cycles, budget preparation, and debt administration. 5. Examine the process and components of preparing a viable operating budget. 6. Analyze the elements and principles of revenue estimating, forecasting, and adjusting budgets. 7. Analyze the steps required for budgeting, such as preparing a budget, making a financial plan,

conducting a cost-benefit analysis, and making budget decisions. 8. Examine the key components for presenting and justifying the budget to decision makers. 9. Analyze the requirements for implementing a budget. 10. Examine the key components of developing multiyear plans and analyses. 11. Prepare a preliminary budgeting system for presentation before Congress, state / local

government, or other organization. 12. Develop various budget charts that represent segments of the budgeting process. 13. Use technology and information resources to research issues in public budgeting and finance. 14. Write clearly and concisely about public budgeting and finance using proper writing mechanics.

WEEKLY COURSE SCHEDULE

The standard requirement for a 4.5 credit hour course is for students to spend 13.5 hours in weekly work. This includes preparation, activities, and evaluation regardless of delivery mode.

Week Preparation, Activities, and Evaluation Points

1 Preparation

Reading(s)

o Chapter 1: The Craft of Budgeting

o Appendix C: Spreadsheet Basics

o Appendix D: How to Produce Clear, Attractive Reports

e-Activities

o Go to the United States Department of Labor Website, located at http://www.bls.gov/oco/ocos003.htm, to examine the various duties and responsibilities of a Budget Analyst. Click on the link “What Budget Analysts Do” to read about their duties. Be prepared to discuss.

o Go to the USAJOBS Website located at https://www.usajobs.gov/. Put in “Budget Analyst” in the first field. Put in your state in the second field. Then, click “Search.” If the search shows that “No jobs found,” then click “Undo” next to the state’s field and view the jobs listed for Budget Analyst or a similar position. Be prepared to discuss.

Activities

Discussions

Evaluation

None

20

2 Preparation

http://www.bls.gov/oco/ocos003.htm

https://www.usajobs.gov/




Reading(s)

o Chapter 2: Organizing Budget Data

o Appendix A: Chart of Accounts

o Appendix B: Further Discussion of Data Organization

e-Activities

o Go to the U.S. Government Standard General Ledger Chart of Accounts Website located at http://www.fms.treas.gov/ussgl/tfm_archive/april-2000-s2-00-01/coa2001.pdf

o Explore the budget simulation game located at http://www.nathannewman.org/nbs/whytax.shtml. Navigate to the right and choose the “Short Version 2006” then make at least three reductions and three increases to the different budget categories. Leave the other budget items on “hold even.” View the results. Be prepared to discuss.

o Go to the U.S. Printing Office Website to examine the Budget of the United States Government for Fiscal Year 2013,” located at http://www.gpo.gov/fdsys/browse/collection.action?collectionCode=BUDGET&browsePath=Fiscal+Year+2013&searchPath=Fiscal+Year+2013&leafLevelBrowse=false&isCollapsed=false&isOpen=true&packageid=BUDGET-2013-BUD&ycord=553. Review the following documents: (1) “The Budget Message of the President” and (2) “Cutting Waste, Reducing the Deficit, and Asking All to Pay Their Fair Share.” Then, review at least three budgets of departments from this list: (a) “Department of Agriculture,” (b) “Department of Commerce,” (c) “Department of Defense,” (d) “Department of Education,” (e) “Department of Health and Human Services,” (f) “Department of Homeland Security,” or (g) Social Security Administration.” Be prepared to discuss.

Activities

Discussions

Evaluation

None

20

3 Preparation

Reading(s)

o Chapter 3: Preparing the Operating Budget: The Spending Side

e-Activity

o Go to the Website for the State of Michigan Office of the Budget located at http://www.michigan.gov/budget. Navigate to the menu on the left. Click on “Executive Budget” to review Michigan’s budget for 2012. Then, click on “Budget Process” and “Financial Reports” to review the process of budgeting and the reports used and developed in the budgeting process. Find at least two other budgets from other states on the Internet. Be prepared to discuss.

Activities

Discussions

Evaluation

Chapter 2 Exercises 1 through 3

20

150

http://www.fms.treas.gov/ussgl/tfm_archive/april-2000-s2-00-01/coa2001.pdf

http://www.fms.treas.gov/ussgl/tfm_archive/april-2000-s2-00-01/coa2001.pdf

http://www.nathannewman.org/nbs/whytax.shtml

http://www.gpo.gov/fdsys/browse/collection.action?collectionCode=BUDGET&browsePath=Fiscal+Year+2013&searchPath=Fiscal+Year+2013&leafLevelBrowse=false&isCollapsed=false&isOpen=true&packageid=BUDGET-2013-BUD&ycord=553




http://www.michigan.gov/budget




Appendix B Exercise 9-11 and 13-14 125

4 Preparation

Reading(s)

o Chapter 4: First Steps in Revenue Estimating

e-Activity

o Go to the U.S. Census Bureau Website located at http://www.census.gov/popest/data/historical/2000s/vintage_2009/state.html. Navigate down the page to the “Annual Population Estimates 2000 to 2009.” Download the Excel Spreadsheet titled "Resident Population for the United States, Regions, States, and Puerto Rico: April 1, 2000 to July 1, 2009.” Review the data for two different states. Be prepared to discuss.

Activities

Discussions

Evaluation

Assignment 1: The Operating Budget

20

250

5 Preparation

Reading(s)

o Chapter 5: Preparing the Capital Budget

e-Activities

o Go to following Websites that discuss capital budgets located at

Life Cycle Costing at http://www.youtube.com/watch?v=7JF09z4sG9Y (18 min 30 s)

Capital Budgeting -- Part I: http://www.youtube.com/watch?v=Pq67NLTCaa0&feature=related (6 min 43 s); Part II: http://www.youtube.com/watch?v=NcyuOTQV5Jc&feature=related (6 min 20 s); Part III: http://www.youtube.com/watch?v=1iwmcJCVu9I&feature=related (5 min 8 s); and Part IV: http://www.youtube.com/watch?v=q_tfPX9u8w4&feature=related (6 min 31 s).

Be prepared to discuss.

Activities

Discussions

Evaluation

Chapter 4 Exercises 1 and 2

20

100

6 Preparation

Reading(s)

o Chapter 6: The Financial Plan and Budget Decision Making

e-Activities

o Go to the HM Treasury Website to read (1) “Managing Public Money” located at http://www.hm-treasury.gov.uk/psr_mpm_index.htm. (2) Go to US Debt Clock

http://www.census.gov/popest/data/historical/2000s/vintage_2009/state.html

http://www.census.gov/popest/data/historical/2000s/vintage_2009/state.html

http://www.youtube.com/watch?v=7JF09z4sG9Y

http://www.youtube.com/watch?v=Pq67NLTCaa0&feature=related

http://www.youtube.com/watch?v=Pq67NLTCaa0&feature=related

http://www.youtube.com/watch?v=NcyuOTQV5Jc&feature=related

http://www.youtube.com/watch?v=NcyuOTQV5Jc&feature=related

http://www.youtube.com/watch?v=1iwmcJCVu9I&feature=related

http://www.youtube.com/watch?v=1iwmcJCVu9I&feature=related

http://www.youtube.com/watch?v=q_tfPX9u8w4&feature=related

http://www.youtube.com/watch?v=q_tfPX9u8w4&feature=related

http://www.hm-treasury.gov.uk/psr_mpm_index.htm

http://www.hm-treasury.gov.uk/psr_mpm_index.htm




located at http://www.usdebtclock.org/. Be prepared to discuss. (3) Go to Treasury Direct and review “The Debt to the Penny and Who Holds It” located at http://www.treasurydirect.gov/NP/BPDLogin?application=np. Click on the links “Debt Held by the Public” vs. “Intergovernmental Holdings.” (4) Go to Treasury Direct and review the “National Debt” at http://www.federalbudget.com/. Be prepared to discuss.

o Search the Internet to find and review your state and local government’s budgets. Be prepared to discuss.

Activities

Discussions

Evaluation

Assignment 2: The Capital Budget

20

280

7 Preparation

Reading(s)

o Chapter 7: Presenting the Budget

e-Activity

o Go to the U.S. Census Bureau Website to review State and Local Government Finances located at http://www.census.gov/govs/estimate/. Download the two Excel spreadsheets under “State & Local Summary Tables by Level of Government.” Be prepared to discuss.

Activities

Discussions

Evaluation

Chapter 6 Exercise 1

20

50

8 Preparation

Reading(s)

o Chapter 8: Implementing the Budget

Other Preparation

o Review Measuring Fiscal Disparities across the U.S. States located at http://www.urban.org/UploadedPDF/311384_fiscal_disparities.pdf.

e-Activity

o Watch the video titled “Variance Analysis”, (7 min 27 s), located at http://www.youtube.com/watch?v=NFu2iqmCnX4. Be prepared to discuss.

Activities

Discussions

Evaluation

Assignment 3: Presenting the Budget

20

300

9 Preparation

Reading(s)

o Chapter 9: Multiyear Plans and Analyses

Activities

Discussions

20

http://www.usdebtclock.org/

http://www.treasurydirect.gov/NP/BPDLogin?application=np

http://www.federalbudget.com/

http://www.census.gov/govs/estimate/

http://www.urban.org/UploadedPDF/311384_fiscal_disparities.pdf

http://www.youtube.com/watch?v=NFu2iqmCnX4




Evaluation

Chapter 8: Exercises 2 and 3

Assignment 4: Implementing the Budget

100

225

10 Preparation

Reading(s): None

e-Activity

o Go to the “Quarterly Summary of State & Local Tax Revenue” located at http://www.census.gov/govs/qtax/. Review the revenue information for your state. Review the revenue of two neighboring states. Be prepared to discuss.

Activities

Discussions

Evaluation

Assignment 5: Multiyear Plans and Analysis

20

200

11 Preparation

Reading(s): None

Activities

Discussions

Evaluation

None

20

GRADING SCALE – GRADUATE

Assignment Total Points % of

Grade

Assignment 1: The Operating Budget 250 13%

Assignment 2: The Capital Budget 280 14%

Assignment 3: Presenting the Budget 300 15%

Assignment 4: Implementing the Budget 225 11%

Assignment 5: Multiyear Plans and Analysis 200 10%

Chapter Exercises (8 worth 50 points each) 400 20%

Appendix Exercises (5 worth 25 points each) 125 6%

Participation (22 discussions worth 10 points apiece) 220 11%

Totals 2,000 100%

http://www.census.gov/govs/qtax/




Points Percentage Grade

1,800 – 2,000 90% – 100% A

1,600 – 1,799 80% – 89% B

1,400 – 1,599 70% – 79% C

Below 1,400 Below 70% F

PAD 505 – Assignments and Rubrics



Scenario for Assignments 1-5

For Assignments 1-5, you will take on the role of a budget analyst for a local government agency. The first role of the budget analyst is to become familiar with the agency, the budget, programs, and capital projects. Select any local (city) government (e.g., Oklahoma City). To locate your agency’s budget, you can either conduct a Google search on the word “Oklahoma City Financial Plan” or you can locate the information on the local government’s Website. As a budget analyst, you will be responsible for analyzing, examining, proposing, and preparing the agency’s budget for the next five (5) years.

Note: Students cannot use New York City as a selected local government

Assignment 1: The Operating Budget

Due Week 4 and worth 250 points

Write a four to five (4-5) page paper, titled Part I: The Operating Budget for the (Selected Agency) in which you separate the content into sections:

1. Provide background information about the agency, mission, goals, objectives, departments, and strategic plan. (Title this section Introduction.)

2. Describe the budget of the agency by addressing the following items: (Title this section Budget Overview.)

a. Financial Summary, including Revenue and Expenditures

b. Department Budgets

c. Funding

d. Capital Projects

e. Debt Administration

3. Perform a Cost Analysis. (Title this section Cost Analysis.) The costs should include the following:

a. Fixed Costs

b. Step-fixed Costs

c. Variable Costs

4. Identify and explain one to two (1-2) challenges you will have in managing the budget. (Title this section Budget Challenges.)

5. Recommend two to three (2-3) strategies the agency should review regarding new initiatives and budget cuts over the next five (5) years. (Title this section Budget Recommendations.)

6. Include the agency’s most recent budget or financial plan.

7. Provide the agency’s Website name, URL, and any other sources used to support the assignment’s criteria.

Your assignment must follow these formatting requirements:

Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA. Check with your professor for any additional instructions.

Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

Analyze the basic skills and tools needed for budgeting for public sector agencies and / or departments.




Recommend appropriate policy actions based on the evaluation.

Evaluate a budgeting system at any governmental level.

Analyze the scope and sequence of budgeting in terms of sources of revenues, purpose of government expenditures, budget cycles, budget preparation, and debt administration.

Examine the process and components of preparing a viable operating budget. Prepare a preliminary budgeting system for presentation before Congress, state / local

government, or other organization.

Use technology and information resources to research issues in public budgeting and finance.

Write clearly and concisely about public budgeting and finance using proper writing mechanics.

Grading for this assignment will be based on answer quality, logic/organization of the paper, and language and writing skills, using the following rubric.

Points: 250 Assignment 1: The Operating Budget

Criteria Unacceptable Below 70% F

Fair 70-79% C

Proficient 80-89% B

Exemplary 90-100% A

1. Provide background information about the agency, mission, goals, objectives, departments, and strategic plan. (Title this section Introduction.)

Weight: 15%

Did not submit or incompletely provided background information about the agency, mission, goals, objectives, departments, and strategic plan.

Partially provided background information about the agency, mission, goals, objectives, departments, and strategic plan.

Satisfactorily provided background information about the agency, mission, goals, objectives, departments, and strategic plan.

Thoroughly provided background information about the agency, mission, goals, objectives, departments, and strategic plan.

2. Describe the budget of the agency by addressing the following items: (a) Financial Summary, including Revenue and Expenditures, (b) Department Budgets, (c) Funding, (d) Capital Projects, and (e) Debt Administration. (Title this section Budget Overview.) Weight: 15%

Did not submit or incompletely described the budget of the agency by addressing the following items: (a) Financial Summary, including Revenue and Expenditures, (b) Department Budgets, (c) Funding, (d) Capital Projects, and (e) Debt Administration.

Partially described the budget of the agency by addressing the following items: (a) Financial Summary, including Revenue and Expenditures, (b) Department Budgets, (c) Funding, (d) Capital Projects, and (e) Debt Administration.

Satisfactorily described the budget of the agency by addressing the following items: (a) Financial Summary, including Revenue and Expenditures, (b) Department Budgets, (c) Funding, (d) Capital Projects, and (e) Debt Administration.

Thoroughly described the budget of the agency by addressing the following items: (a) Financial Summary, including Revenue and Expenditures, (b) Department Budgets, (c) Funding, (d) Capital Projects, and (e) Debt Administration.

3. Perform a Cost Analysis. The costs should include the following: (a) Fixed Costs, (b) Step-fixed Costs, and (c) Variable Costs. (Title this section Cost Analysis.)

Weight: 15%

Did not submit or incompletely performed a Cost Analysis. The costs should include the following: (a) Fixed Costs, (b) Step-fixed Costs, and (c) Variable Costs.

Partially performed a Cost Analysis. The costs should include the following: (a) Fixed Costs, (b) Step-fixed Costs, and (c) Variable Costs.

Satisfactorily performed a Cost Analysis. The costs should include the following: (a) Fixed Costs, (b) Step-fixed Costs, and (c) Variable Costs.

Thoroughly performed a Cost Analysis. The costs should include the following: (a) Fixed Costs, (b) Step-fixed Costs, and (c) Variable Costs.

4. Identify and explain one to two (1-2) challenges you will have

Did not submit or incompletely identified and

Partially identified and explained one to two (1-2) challenges you will

Satisfactorily identified and explained one to two (1-2)

Thoroughly identified and explained one to two (1-2)




in managing the budget. (Title this section Budget Challenges).

Weight: 15%

explained one to two (1-2) challenges you will have in managing the budget.

have in managing the budget.

challenges you will have in managing the budget.

challenges you will have in managing the budget.

5. Recommend two to three (2-3) strategies the agency should review regarding new initiatives and budget cuts over the next five (5) years. (Title this section Budget Recommendations.)

Weight: 15%

Did not submit or incompletely recommended two to three (2-3) strategies the agency should review regarding new initiatives and budget cuts over the next five (5) years.

Partially recommended two to three (2-3) strategies the agency should review regarding new initiatives and budget cuts over the next five (5) years.

Satisfactorily recommended two to three (2-3) strategies the agency should review regarding new initiatives and budget cuts over the next five (5) years.

Thoroughly recommended two to three (2-3) strategies the agency should review regarding new initiatives and budget cuts over the next five (5) years.

6. Include the agency’s most recent budget or financial plan.

Weight: 10%

Did not submit or incompletely included the agency’s most recent budget or financial plan.

Partially included the agency’s most recent budget or financial plan.

Satisfactorily included the agency’s most recent budget or financial plan.

Thoroughly included the agency’s most recent budget or financial plan.

7. Provide the agency’s Website name, URL, and any other sources used to support the assignment’s criteria.

Weight: 5%

No references provided

Does not meet the required number of references; some or all references poor quality choices.

Meets number of required references; all references high quality choices.

Exceeds number of required references; all references high quality choices.

8. Clarity, writing mechanics, and formatting requirements Weight: 10%

More than 6 errors present

5-6 errors present 3-4 errors present 0-2 errors present




Assignment 2: The Capital Budget


Refer the Scenario for Assignments 1–5. Forecast salaries, revenue estimating, and prepare the capital budget.

Using the budget from the selected agency, write a five to six (5-6) page paper in which you:

1. Analyze the agency’s compensation for employees. Provide a rationale on what the costs and benefits would be for a 2 percent, 4 percent, or 5 percent pay increase for the fiscal year 2014. In your forecast, (a) discuss the effects of the increase on benefits for the agency and (b) provide a chart depicting the increase for each percent. (Title this section Payroll Forecast.)

2. Review the trend of the agency over the past five (5) years and prepare an analysis explaining the trend for expenditures. Include a figure depicting the trend. (Title this section Trend Analysis.)

3. Prepare and explain a five (5) year forecast of the four (4) highest expenditures. Make an XY plot of these data. Include in the analysis whether the costs should be approved or not approved. Justify the reasoning with examples. (Title this section Expenditure Forecast.)

4. Compare two (2) options for predicting the cost of needed repairs to the current building that houses the selected agency by completing Exercise 1 at the end of Chapter 1 (page 92). Provide a rationale for recommending one (1) of the two (2) options. Include the figures to support the rationale. (Title this section Capital Budget.)

5. Provide names and URLs of the Websites for the state’s budget(s) analyzed and any other government Websites used to support the assignment’s criteria.









Analyze the steps required for budgeting, such as preparing a budget, making a financial plan, conducting a cost-benefit analysis, and making budget decisions.

Prepare a preliminary budgeting system for presentation before Congress, state / local government, or other organization.

Develop various budget charts that represent segments of the budgeting process.







Points: 280 Assignment 2: The Capital Budget


Fair 70-79% C

Proficient 80-89% B

Exemplary 90-100% A

1. Analyze the agency’s compensation for employees. Provide a rationale on what the costs and benefits would be for a 2 percent, 4 percent, or 5 percent pay increase for the fiscal year 2014. In the forecast, (a) discuss the effects of the increase on benefits for the agency and (b) provide a chart depicting the increase for each percent. (Title this section Payroll Forecast.)

Weight: 25%

Did not submit or incompletely analyzed the agency’s compensation for employees; did not submit or incompletely provided a rationale on what the costs and benefits would be for a 2 percent, 4 percent, or 5 percent pay increase for the fiscal year 2014. In the forecast, (a) did not submit or incompletely discussed the effects of the increase on benefits for the agency and (b) did not submit or incompletely provided a chart depicting the increase for each percent.

Partially analyzed the agency’s compensation for employees; partially provided a rationale on what the costs and benefits would be for a 2 percent, 4 percent, or 5 percent pay increase for the fiscal year 2014. In the forecast, (a) partially discussed the effects of the increase on benefits for the agency and (b) partially provided a chart depicting the increase for each percent.

Satisfactorily analyzed the agency’s compensation for employees; satisfactorily provided a rationale on what the costs and benefits would be for a 2 percent, 4 percent, or 5 percent pay increase for the fiscal year 2014. In the forecast, (a) satisfactorily discussed the effects of the increase on benefits for the agency and (b) satisfactorily provided a chart depicting the increase for each percent.

Thoroughly analyzed the agency’s compensation for employees; thoroughly provided a rationale on what the costs and benefits would be for a 2 percent, 4 percent, or 5 percent pay increase for the fiscal year 2014. In the forecast, (a) thoroughly discussed the effects of the increase on benefits for the agency and (b) thoroughly provided a chart depicting the increase for each percent.

2. Review the trend of the agency over the past five (5) years and prepare an analysis explaining the trend for expenditures. Include a figure depicting the trend. (Title this section Trend Analysis.) Weight: 20%

Did not submit or incompletely reviewed the trend of the agency over the past five (5) years and did not submit or incompletely prepared an analysis explaining the trend for expenditures. Did not submit or incompletely included a figure depicting the trend.

Partially reviewed the trend of the agency over the past five (5) years and partially prepared an analysis explaining the trend for expenditures. Partially included a figure depicting the trend.

Satisfactorily reviewed the trend of the agency over the past five (5) years and satisfactorily prepared an analysis explaining the trend for expenditures. Satisfactorily included a figure depicting the trend.

Thoroughly reviewed the trend of the agency over the past five (5) years and thoroughly prepared an analysis explaining the trend for expenditures. Thoroughly included a figure depicting the trend.

3. Prepare and explain a five (5) year forecast of the four (4) highest expenditures. Make an XY plot of these data. Include in the analysis whether the costs should be approved or not approved. Justify the reasoning with examples. (Title this section

Did not submit or incompletely prepared and explained a five-year forecast of the four (4) highest expenditures. Did not submit or incompletely made an XY plot of these data. Did not submit

Partially prepared and explained a five-year forecast of the four (4) highest expenditures. Partially made an XY plot of these data. Partially included in the analysis whether the costs should be

Satisfactorily prepared and explained a five-year forecast of the four (4) highest expenditures. Satisfactorily made an XY plot of these

data. Satisfactorily included in the analysis whether

Thoroughly prepared and explained a five-year forecast of the four (4) highest expenditures. Thoroughly made an XY plot of these

data. Thoroughly included in the analysis whether




Expenditure Forecast.)

Weight: 20%

or incompletely included in the analysis whether the costs should be approved or not approved. Did not submit or incompletely justified the reasoning with examples.

approved or not approved. Partially justified the reasoning with examples.

the costs should be approved or not approved. Satisfactorily justified the reasoning with examples.

the costs should be approved or not approved. Thoroughly justified the reasoning with examples.

4. Compare two (2) options for predicting the cost of needed repairs to the current building that houses the selected agency by completing Exercise 1 at the end of Chapter 1 (page 92). Provide a rationale for recommending one of the two options. Include the figures to support the rationale. (Title this section Capital Budget.)

Weight: 20%

Did not submit or incompletely compared two (2) options for predicting the cost of needed repairs to the current building that houses the selected agency by completing Exercise 1 at the end of Chapter 1 (page 92). Did not submit or incompletely provided a rationale for recommending one of the two options. Did not submit or incompletely included the figures to support the rationale.

Partially compared two (2) options for predicting the cost of needed repairs to the current building that houses the selected agency by completing Exercise 1 at the end of Chapter 1 (page 92). Partially provided a rationale for recommending one of the two options. Partially included the figures to support the rationale.

Satisfactorily compared two (2) options for predicting the cost of needed repairs to the current building that houses the selected agency by completing Exercise 1 at the end of Chapter 1 (page 92). Satisfactorily provided a rationale for recommending one of the two options. Satisfactorily included the figures to support the rationale.

Thoroughly compared two (2) options for predicting the cost of needed repairs to the current building that houses the selected agency by completing Exercise 1 at the end of Chapter 1 (page 92). Thoroughly provided a rationale for recommending one of the two options. Thoroughly included the figures to support the rationale.


Weight: 5%











Assignment 3: Presenting the Budget


Refer the Scenario for Assignments 1–5. Prepare the financial plan and budget justification proposal.

The agency is contracted to work with New York City on several capital projects. To proceed with negotiations, an analysis of the city’s financial documents must be considered. Review the New York City Financial Plan, located at http://www.nyc.gov/html/omb/downloads/pdf/fp6_12.pdf, to answer questions listed. (Title this section “New York City Financial Plan”)

1. Answer Question 1 based on the review of the New York City Financial Plan: Are total revenues growing faster or more slowly than expenditures? Show the annual growth rates for revenues and expenditures in a table.

2. Answer Question 2 based on the review of the New York City Financial Plan: What is New York City’s fastest-growing category of expenditures during the planning period? Justify the answer with examples.

3. Answer Question 3 based on the review of the New York City Financial Plan: What percentage of New York City revenue comes from the general property tax? How much is this tax growing in each year of the financial plan? Justify the answer with examples.

4. Prepare a budget to support the proposal to partner with New York City to offer a job training program housed within the NYC Department of Social Services. (Title this section “Budget Justification Proposal.”) (Note: The agency has decided to partner with New York City.)

a) The agency proposes $500,000 over a three (3) year period beginning FY2013 to be included in the State Categorical Grants for the Department of Social Services to provide hands-on job training workshops in office administration, security, construction, and apartment maintenance.

b) Use Figure 7.2, Budget Justification, in Chapter 7 (pages 114-115) as an example.










Analyze the steps required for budgeting, such as preparing a budget, making a financial plan, conducting a cost-benefit analysis, and making budget decisions.

Examine the key components for presenting and justifying the budget to decision makers.

http://www.nyc.gov/html/omb/downloads/pdf/fp6_12.pdf




Prepare a preliminary budgeting system for presentation before Congress, state / local government, or other organization.

Develop various budget charts that represent segments of the budgeting process.




Points: 300 Assignment 3: Presenting the Budget


Fair 70-79% C

Proficient 80-89% B

Exemplary 90-100% A

1. Discuss Question 1 based on the review of the New York City Financial Plan: Are total revenues growing faster or more slowly than expenditures? Show the annual growth rates for revenues and expenditures in a table.

Weight: 20%

Did not submit or incompletely discussed Question 1 based on the review of the New York City Financial Plan: Are total revenues growing faster or more slowly than expenditures? Did not submit or incompletely showed the annual growth rates for revenues and expenditures in a table.

Partially discussed Question 1 based on the review of the New York City Financial Plan: Are total revenues growing faster or more slowly than expenditures? Partially showed the annual growth rates for revenues and expenditures in a table.

Satisfactorily discussed Question 1 based on the review of the New York City Financial Plan: Are total revenues growing faster or more slowly than expenditures? Satisfactorily showed the annual growth rates for revenues and expenditures in a table.

Thoroughly discussed Question 1 based on the review of the New York City Financial Plan: Are total revenues growing faster or more slowly than expenditures? Thoroughly showed the annual growth rates for revenues and expenditures in a table.

2. Discuss Question 2 based on the review of the New York City Financial Plan: What is New York City’s fastest-growing category of expenditures during the planning period? Justify the answer with examples. Weight: 20%

Did not submit or incompletely discussed Question 2 based on the review of the New York City Financial Plan: What is New York City’s fastest-growing category of expenditures during the planning period? Did not submit or incompletely justified the answer with examples.

Partially discussed Question 2 based on the review of the New York City Financial Plan: What is New York City’s fastest-growing category of expenditures during the planning period? Partially justified the answer with examples.

Satisfactorily discussed Question 2 based on the review of the New York City Financial Plan: What is New York City’s fastest-growing category of expenditures during the planning period? Satisfactorily justified the answer with examples.

Thoroughly discussed Question 2 based on the review of the New York City Financial Plan: What is New York City’s fastest-growing category of expenditures during the planning period? Thoroughly justified the answer with examples.

3. Discuss Question 3 based on the review of the New York City Financial Plan: What percentage of New York City revenue comes from the general property tax? How much is this tax growing in each year of the financial plan? Justify

Did not submit or incompletely discussed Question 3 based on the review of the New York City Financial Plan: What percentage of New York City revenue comes from the

Partially discussed Question 3 based on the review of the New York City Financial Plan: What percentage of New York City revenue comes from the general property tax? How

Satisfactorily discussed Question 3 based on the review of the New York City Financial Plan: What percentage of New York City revenue comes from the general property

Thoroughly discussed Question 3 based on the review of the New York City Financial Plan: What percentage of New York City revenue comes from the general property




the answer with examples.

Weight: 20%

general property tax? How much is this tax growing in each year of the financial plan? Did not submit or incompletely justified the answer with examples.

much is this tax growing in each year of the financial plan? Partially justified the answer with examples.

tax? How much is this tax growing in each year of the financial plan? Satisfactorily justified the answer with examples.

tax? How much is this tax growing in each year of the financial plan? Thoroughly justified the answer with examples.

4. Prepare a budget to support the proposal to partner with New York City to offer a job training program housed within the NYC Department of Social Services. (Note:

The agency has decided to partner with New York City.) (a) The agency proposes $500,000 over a three (3) year period beginning FY2013 to be included in the State Categorical Grants for the Department of Social Services to provide hands-on job training workshops in office administration, security, construction, and apartment maintenance. (b) Use Figure 7.2, Budget Justification, in Chapter 7 (pages 114-115) as an example. (Title this section “Budget Justification Proposal.”)

Weight: 25%

Did not submit or incompletely prepared a budget to support the proposal to partner with New York City to offer a job training program housed within the NYC Department of Social Services. (Note: The agency

has decided to partner with New York City.) (a) The agency proposes $500,000 over a three (3) year period beginning FY2013 to be included in the State Categorical Grants for the Department of Social Services to provide hands-on job training workshops in office administration, security, construction, and apartment maintenance. (b) Did not submit or incompletely used Figure 7.2, Budget Justification, in Chapter 7 (pages 114-115) as an example.

Partially prepared a budget to support the proposal to partner with New York City to offer a job training program housed within the NYC Department of Social Services. (Note: The agency

has decided to partner with New York City.) (a) The agency proposes $500,000 over a three (3) year period beginning FY2013 to be included in the State Categorical Grants for the Department of Social Services to provide hands-on job training workshops in office administration, security, construction, and apartment maintenance. (b) Partially used Figure 7.2, Budget Justification, in Chapter 7 (pages 114-115) as an example.

Satisfactorily prepared a budget to support the proposal to partner with New York City to offer a job training program housed within the NYC Department of Social Services. (Note: The agency

has decided to partner with New York City.) (a) The agency proposes $500,000 over a three (3) year period beginning FY2013 to be included in the State Categorical Grants for the Department of Social Services to provide hands-on job training workshops in office administration, security, construction, and apartment maintenance. (b) Satisfactorily used Figure 7.2, Budget Justification, in Chapter 7 (pages 114-115) as an example.

Thoroughly prepared a budget to support the proposal to partner with New York City to offer a job training program housed within the NYC Department of Social Services. (Note: The agency

has decided to partner with New York City.) (a) The agency proposes $500,000 over a three (3) year period beginning FY2013 to be included in the State Categorical Grants for the Department of Social Services to provide hands-on job training workshops in office administration, security, construction, and apartment maintenance. (b) Thoroughly used Figure 7.2, Budget Justification, in Chapter 7 (pages 114-115) as an example.


Weight: 5%








Assignment 4: Implementing the Budget


Refer the Scenario for Assignments 1–5. Prepare a variance report for the selected agency. Refer to Table 8.4 in Chapter 8 (page 133).

Write a three to four (3-4) page paper addressing the criteria below. (Note: Change the title of the report to reflect the selected agency’s name and the years to 2013-2014.)

1. Find the variances for both the revenue and expenditures sides and then discuss two to three (2-3) problematic areas for the agency. Provide the results of the variances in a table (Excel or Word).

2. Recommend two (2) policy actions for each problematic area discussed in criterion 1. Justify the recommendations.








Analyze the requirements for implementing a budget. Develop various budget charts that represent segments of the budgeting process.



Points: 225 Assignment 4: Implementing the Budget


Fair 70-79% C

Proficient 80-89% B

Exemplary 90-100% A

1. Find the variances for both the revenue and expenditures sides and then discuss two to three (2-3) problematic areas for the agency. Provide the results of the variances in a table (Excel or Word).

Weight: 45%

Did not submit or incompletely found the variances for both the revenue and expenditures sides and then did not submit or incompletely discussed two to three (2-3) problematic areas for the agency. Did not submit or

Partially found the variances for both the revenue and expenditures sides and then partially discussed two to three (2-3) problematic areas for the agency. Partially provided the results of the variances in a table (Excel or Word).

Satisfactorily found the variances for both the revenue and expenditures sides and then satisfactorily discussed two to three (2-3) problematic areas for the agency. Satisfactorily provided the results of the variances in a

Thoroughly found the variances for both the revenue and expenditures sides and then thoroughly discussed two to three (2-3) problematic areas for the agency. Thoroughly provided the results of the variances in a




incompletely provided the results of the variances in a table (Excel or Word).

table (Excel or Word).

table (Excel or Word).

2. Recommend two (2) policy actions for each problematic area discussed in criterion 1. Justify the recommendations. Weight: 45%

Did not submit or incompletely recommended two (2) policy actions for each problematic area discussed in criterion 1. Did not submit or incompletely justified the recommendations.

Partially recommended two (2) policy actions for each problematic area discussed in criterion 1. Partially justified the recommendations.

Satisfactorily recommended two (2) policy actions for each problematic area discussed in criterion 1. Satisfactorily justified the recommendations.

Thoroughly recommended two (2) policy actions for each problematic area discussed in criterion 1. Thoroughly justified the recommendations.







Assignment 5: Multiyear Plans and Analysis


Preparation

Review the document titled “City of Charlottesville 2010 Annual Comprehensive Plan” located in the course shell.

Write a three to four (3-4) page paper in which you:

1. Review the “City of Charlottesville 2010 Annual Comprehensive Plan” and then complete Exercise 1 on page 152 using Exhibits C and D in the Annual Report and Table 9.4 on page 148. Change the title headers to the agency name. Save the Excel File as the agency’s name and include the Multiyear Plan.

2. Analyze the comparison of ratios. 3. Analyze the measures of liquidity. 4. Analyze the long-term solvency. 5. Analyze asset management rations.







Examine the key components of developing multiyear plans and analyses. Use technology and information resources to research issues in public budgeting and finance.



Points: 200 Assignment 5: Multiyear Plans and Analysis


Fair 70-79% C

Proficient 80-89% B

Exemplary 90-100% A

1. Review the City of Charlottesville 2010 Annual Comprehensive Plan and then complete Exercise 1 on page 152 using Exhibits C and D in the Annual Report and Table 9.4 on page 148. Change the title headers to the agency name. Save the Excel File as the agency’s name and

Did not submit or incompletely reviewed the City of Charlottesville 2010 Annual Comprehensive Plan and then did not submit or incompletely completed Exercise 1 on page 152 using Exhibits C

Partially reviewed the City of Charlottesville 2010 Annual Comprehensive Plan and then partially completed Exercise 1 on page 152 using Exhibits C and D in the Annual Report and Table 9.4 on page

Satisfactorily reviewed the City of Charlottesville 2010 Annual Comprehensive Plan and then satisfactorily completed Exercise 1 on page 152 using Exhibits C and D in the Annual Report and Table

Thoroughly reviewed the City of Charlottesville 2010 Annual Comprehensive Plan and then thoroughly completed Exercise 1 on page 152 using Exhibits C and D in the Annual Report and Table




include the Multiyear Plan.

Weight: 30%

and D in the Annual Report and Table 9.4 on page 148. Did not submit or incompletely changed the title headers to the agency name. Did not submit or incompletely saved the Excel File as the agency’s name and did not submit or incompletely included the Multiyear Plan.

148. Partially changed the title headers to the agency name. Partially saved the Excel File as the agency’s name and partially included the Multiyear Plan.

9.4 on page 148. Satisfactorily changed the title headers to the agency name. Satisfactorily saved the Excel File as the agency’s name and satisfactorily included the Multiyear Plan.

9.4 on page 148. Thoroughly changed the title headers to the agency name. Thoroughly saved the Excel File as the agency’s name and thoroughly included the Multiyear Plan.

2. Analyze the comparison of ratios. Weight: 15%

Did not submit or incompletely analyzed the comparison of ratios.

Partially analyzed the comparison of ratios.

Satisfactorily analyzed the comparison of ratios.

Thoroughly analyzed the comparison of ratios.

3. Analyze the measures of liquidity.

Weight: 15%

Did not submit or incompletely analyzed the measures of liquidity.

Partially analyzed the measures of liquidity.

Satisfactorily analyzed the measures of liquidity.

Thoroughly analyzed the measures of liquidity.

4. Analyze the long-term solvency.

Weight:15%

Did not submit or incompletely analyzed the long-term solvency.

Partially analyzed the long-term solvency.

Satisfactorily analyzed the long-term solvency.

Thoroughly analyzed the long-term solvency.

5. Analyze asset management rations.

Weight: 15%

Did not submit or incompletely analyzed asset management rations.

Partially analyzed asset management rations.

Satisfactorily analyzed asset management rations.

Thoroughly analyzed asset management rations.




PAD 505 – Student Notes



Weekly Course Schedule

The purpose of the course schedule is to give you, at a glance, the required preparation, activities, and evaluation components of your course. For more information about your course, whether on-ground or online, access your online course shell.

The expectations for a 4.5 credit hour course are for students to spend 13.5 hours in weekly work. This time estimate includes preparation, activities, and evaluation regardless of the delivery mode.

Instructional Materials

In order to be fully prepared, obtain a copy of the required textbooks and other instructional materials prior to the first day of class. When available, Strayer University provides a link to the first three (3) chapters of your textbook(s) in eBook format. Check your online course shell for availability.

Review the online course shell or check with your professor to determine whether Internet-based assignments and activities are used in this course.

Strayer students are encouraged to purchase their course materials through our designated bookstore MBS Direct. http://bookstore.mbsdirect.net/strayer.htm If a lab is required for the course, MBS Direct is the only vendor that sells the correct registration code so that Strayer students may access labs successfully.

Discussions

To earn full credit in an online threaded discussion, students must have one original post and a minimum of one other post per discussion thread.

Please note: Material in the online class will be made available on the previous Thursday.” As it is always possible that students could lose their work due to unforeseen circumstances, it is a best practice to routinely save a working draft in a separate file before posting in the course discussion area. Professors hold discussions during class time for on-ground students. Check with your professor if any additional discussion participation is required in the online course shell outside of class hours.

Assignments

A standardized performance grading rubric is a tool your professor will use to evaluate your written assignments. Review the rubric before submitting assignments that have grading rubrics associated with them to ensure you have met the performance criteria stated on the rubric.

Grades are based on individual effort. There is no group grading; however, working in groups in the online or on-ground classroom is acceptable.

Assignments for online students are always submitted through the online course shell. On-ground professors will inform students on how to submit assignments, whether in paper format or through the online course shell.

Resources

The Resource Center navigation button in the online course shell contains helpful links. Strayer University Library Resources are available here as well as other important information. You should review this area to find resources and answers to common questions.

Technical support is available for the following:

For technical questions, please contact Strayer Online Technical Support by logging in to your

iCampus account at https://icampus.strayer.edu/login and submitting a case under “Student

http://bookstore.mbsdirect.net/strayer.htm

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PAD 505 – Student Notes



Center,” then “Submit Help Ticket.” If you are unable to log in to your iCampus account, please

contact Technical Support via phone at (877) 642-2999.

For concerns with your class, please access the Solution Center by logging in to your iCampus

account at https://icampus.strayer.edu/login and submitting a case under “Student Center,” then

“Submit Help Ticket.” If you are unable to log in to your iCampus account, please contact the IT

Help Desk at (866) 610-8123 or at mailto:[email protected].

TurnItIn.com is an optional online tool to assess the originality of student written work. Check with your professor for access and use instructions.

The Strayer Policies link on the navigation bar in the online course shell contains academic policies. It is important that students be aware of these policies.

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PAD 505 – Public Budgeting and Finance

Documents

Transcript of PAD 505 – Public Budgeting and Finance