Solved by a verified expert :Week 8 Assignment 3
Submission Due Monday February 29th

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Scenario for
Assignments 1-5

For Assignments 1-5,
you are the new budgeting and finance administrator for your local government
agency. Your first responsibility is to become familiar with the agency, the
budget, programs, and capital projects. As the administrator, you will be
responsible for analyzing, examining, proposing, and preparing the agency’s
budget for the next five (5) years.

Note: Students cannotuse New York City as a selected local
government

Assignment
3: Presenting the Budget

Due Week 8 and worth
225 points

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”)

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.
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.
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.
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.

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.

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.
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.
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.
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 mechanic

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: 225

Assignment 3:
Presenting the Budget
Criteria
Unacceptable
Below 70% F
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 the answer with examples.

Weight: 20%

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 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.

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

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

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 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.

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.

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.
6. 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