Kelsey is a city in the United States of America famous for its beauty that has been utilized by its mayor to develop several parks in the city. The city is developed by a well-structured master plan of house building. Each community in the town is developed properly and offers parks, schools, restaurant to each part of the city. The city in recent times is facing some traffic problems and the numbers of accidents have risen in the past couple of years. The mayor of the city has been asked to bring enhancement in the present road structure by developing new roads or extending the already existing roads. As a budget director a budget proposal need to be made so that the changes in the fiscal policy may be taken into consideration in order and a plan may be designed to overcome the traffic problems. The responsibility of the budget director is first to develop a budget by showing the impact of all the changes and second a plan also needs to be designed to solve the traffic accident issues.
Discussion
The City of Kelsey has wide range of transportation network that consists of private cars, availability of public transport and the city also encourages the alternative use of transportation that is bicycle. The city has been able to attract investors in the real estate business due to providing a healthy lifestyle for a family with all basic necessities of life. The government has proposed an increase in the taxes of not the people but the tax has been proposed on the fuel used by the transportation sector. The mayor has asked to develop a budget showing the impact of these changes on the budget of the city. As a budget director the numbers of issues we need to address are:
How the Changes affect the Fiscal Cycle of Budgeting?
A budget is a plan or a proposal of an activity that is anticipated to give the desired outcomes within a fiscal year. The budget is divided into two components first is the expected revenues and second is the expected expenditures. The objective of designing a budget is to anticipate the outcomes logically, realistically and in a detail so that no impact is being ignored. The main reason for developing a budget especially for the government authorities is to make sure that the funds of the people are not over spend and everything is being done within the limits of the budget. A budget will enable the government authorities to make sure that all the projects are completed within the amount of finances provided by the Federal government for development in a town or city.
The transportation used in the city is provided for helping the citizens to make their movement easy but the transportation service uses gas as fuel. The burning of gas produces harmful smoke for the scenic beauty of the city. The government in order to discourage the use of gas as ...