How does the government examine the results for the general fund
This is a team assignment its all but done, all I need to answer for part one is…
How does the government examine the results for the general fund? Review the management discussion and analysis section.
And for part two its…
Your team’s official opinion on the city’s or county’s financial outlook and conclusion.
Assignment Content
This assignment is broken into 2 parts. In Part I your team will examine how your chosen city or county government, from Week 2, characterizes their financial position. In Part II you will be combining Part I with your previous week’s work to create a comprehensive evaluation of your chosen city’s or county’s budget and financial position.
Part I
Using the information contained in your city’s or county’s CAFR, describe their financial position.
Consider the following in forming your view of their financial position:
What are the fund balances in each reported fund?
How does the government examine the results for the general fund? Review the management discussion and analysis section.
What notes and material changes are in the CAFR?
Can you identify any significant policy changes?
Summarize the financial position in 1- to 2-page paper.
Part II
Create a 12- to 15-slide Microsoft PowerPoint presentation with speaker notes assessing the city’s or county’s budget, policies, financial position, and outlook.
Include the following in your presentation:
Political, economic, social, and cultural influences on the public budget
Forecast approaches and rationale
Effects of public policy and the political process affecting the city’s or county’s budget
Elements involved in the budget preparation, enactment, and execution
The city’s or county’s financial position
Your team’s official opinion on the city’s or county’s financial outlook
Include a slide with APA-formatted references.
Submit your team’s summary from Part I and your presentation from Part II.
Requirements: 175 to 300 words
Answer preview to how does the government examine the results for the general fund
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