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Finance assignment – implementing the budget

Assignment 4: Implementing the Budget Prepare a variance report for the NASA. Refer to Table 8.4. Write a three (3) […]

Assignment 4: Implementing the Budget
Prepare a variance report for the NASA. Refer to Table 8.4.
Write a three (3) 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.
 
TABLE 8.4
Variance Report from the Department of Transportation, 2007-2008
Actuals Actuals

 

Annual

First Percentage

Third Percentage

 

budget

month spent

month spent

Revenues

 

8.33

25.00

Federal aid

530,000,000

$2,000,000

$6,000,000

State aid

80,000,000

8,000,000

30,000,000

Local aid

20,000,000

1,700,000

5,400,000

Total

$130,000,000

$11,700,000

$41,400,000

Expenditures

 
 
 

Central fleet maintenance

$2,257,724

$180,000

$530,000

Public works and transportation

1,606,402

130,000

390,000

Public works department

86,176,802

7,300,000

22,000,000

Snow removal

12,292,072

Transportation department

27,618,759

2,300,000

2,100.000

Total

$129,961,759

$9,910,000

$25,020,000
 

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