MAy someone help me write this research paper please? It is for my final week of
ID: 2651245 • Letter: M
Question
MAy someone help me write this research paper please? It is for my final week of PPA602: Public Financial Management course? All the help that I can get is highly appreciated. Please help me. I am desperate. Thank you in advance and may Yahuwah bless you.
Kindly,
~Diana~
Your role is as a public official elected at the local city level, 50,000 to 250,000 population. After reviewing the course concepts you will identify several issues that directly connect to the written assignment. In addition to reading the assigned text materials to develop knowledge about the concepts, a thorough master’s level education requires the development of effective research skills. In this assignment you will work to develop a rich resource of academic sources to support your paper.
Prepare a 15- to 20-page double spaced paper (excluding the title and reference page) on the following topic:
You have a $10 million dollar budget allocated to you by the city manager and can get up to 100% matching federal funds if you meet the federal standards. You have been asked by the mayor to determine how to allocate the budget to best support the needs of the city. These include but are not be limited to supporting capital requirements, operational requirements, and subsidizing non-profit organizations or used as economic incentives to bring new private concerns into the city.
Prepare a report for the mayor and city council on your proposed expenditure plan assessing the key course objectives including fund accounting and financial controls, control and management of public expenditures, government financial reporting requirements, analyzing financial statements and budgets to make appropriate administrative decisions, and applying budgets as disciplinary process.
Explanation / Answer
The fund of $10 million allocated by the city manager may be used for the following purpose:
1. Maintenance of roads, pavements, streetlights etc. - Around 30% of the alloted amount of $10 million i.e. $3 million will have to be used to repair old roads. Many roads are in a dilapidated condition, and are in need of urgent repairs. The $3 million will be used for the cost of materials, payment to contractors and some administrative expenses. Some amount will also be required for repair of pavements and installing and repairing of streetlights.
2. Operational requirements - the municipal body needs to hire more employees to carry out the picking and disposal of garbage in an eco-friendly way. This will require around $1 million or 1% of the total fund.
3. Subsidizing non-profit organizations - The city subsidizes various organizations involved in activities like providing education to poor people, providing healthcare facilities to poor people, etc. These subsidies has an annual outlay of around $2.5 million or 25% of total fund.
4. Economic incentives to bring new private concerns - This activity involves organizing road shows, holding confrences and roadshows for investors. The activity aims at informing the investors about the benefits of investing in the city, tax holidays on setting up industries, flexible labor laws etc. This initiative will need an outlay of $3.5 million or 35% of total fund.
If, the federal amount of another $10 million is released, then it will be applied in the same proportion to the above mentioned activities.
Strict fund accounting will have to be done, so as to ensure that every penny is being spend on the earmarked activity and there is no wastage due to inefficiencies, poor planning or corruption. There should be a strict audit control for this purpose. The audited financial statements would have to be filed on an annual basis with the concerned authorities.
To ensure disciplinary process, the process of budgeting should be adopted. Thus a flag will be raised in case the expenditure overshoots the budget. The city council will have to make seperate budgets for each expenditure head like capital requirements, operational requirements, etc.
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