Week 5 Assignment – The Operating Budget
Determine the type of budget format used for submitting your selected state agency or program budget, and explain how you identified the budget format used.
Go to the US Debt Clock. While in the US Debt Clock portal, click on your state, review your state and local government’s deficits. My state is Mississippi.
Go to Treasury Direct and review The Debt to the Penny and Who Holds It. Click on the links Debt Held by the Public vs. Intergovernmental Holdings.
Review the Congressional Budget Office.
Look at these examples of state budget information sites to get an idea of how the information may be presented:
Georgia Governor’s Office of Planning and Budget.
Wyoming State Budget: 2019-2020 Biennium.
Texas 2020-2021 Governor’s Budget.
WEEK 5 ASSIGNMENT – THE OPERATING BUDGET
Week 5 Assignment – The Operating Budget
For Assignment 2, you are to use your current or home state. From your state’s budget, select an agency, a program, or a department that appears as a budget item. Assume you are the new budgeting and finance administrator for your state. Your first responsibility is to become familiar with the state, the budget, the programs, and the capital projects. As the administrator, you are responsible for analyzing and examining the state’s budget.
Write a 4–5 page paper, titled Part I: The Operating Budget for the (Agency, Program, or Department Name) in which you separate the content into sections:
Examine the phases of the submission process for your current or home state. Title this section Submission Process.
Appendix 1F State Budget Office in the textbook lists all state budget offices.
Determine the type of budget format used for submitting your selected state agency or program budget, and explain how you identified the budget format used. Title this section Budget Format.
Include the agency’s most recent budget or financial plan.
Assess the revenue sources for your selected state agency or program. Title this section Revenue Sources.
Evaluate 1–2 challenges in managing the budget of your selected state agency or program. Title this section Challenges.
Distinguish the similarities and differences between the federal and state budget submission process. Title this section Federal and State Submission Process.
Your assignment must follow these requirements:
Include a short introduction that addresses the background information of the state and use the questions as section headers.
Please include at least four references; at least two references must be peer-reviewed.
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.
This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course.
The specific course learning outcome associated with this assignment is:
Analyze the steps required for budgeting.
Answer preview determine the type of budget format used for submitting your selected state agency or program budget, and explain how you identified the budget format used.
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