Week 10 Discussion
The budgeting process involves politics when having a final budget approved. Discuss 1–2 political obstacles that might hinder a budget from being approved. What is the political outcome of the situation?PLEASE RESPOND TO CLASSMATE POSTLadarrin DavisMar 10, 2024Mar 10 at 10:35pmManage Discussion EntryHello Professor and Classmates,One political obstacle that might hinder a budget from being approved is partisan politics. Suppose a budget proposal is put forward by one party. In that case, it may face opposition and resistance from members of the opposing party simply because of political differences and the desire to oppose the other party’s agenda.Another obstacle could be special interest groups or lobbyists exerting pressure on lawmakers to include or exclude specific provisions in the budget. These groups may significantly influence and lobby against certain budget aspects that are against their interests.The political outcome of these situations could lead to budget gridlock, delays in the approval process, and concessions to specific groups to collect enough support for the budget to be passed. This can result in a budget that may not necessarily be in the public’s best interest but rather one that satisfies political interests and special interest groups.Week 11 DiscussionPlease respond to the following:Recommend three strategies you might use as a first-time administrator to ensure that you are effective in your role. State how these can be applied to ensure the budget is performing according to the established performance indicators.Describe three concepts or skills you learned in the course that you can apply in your current or future professional life.If you have any library topics you would like Strayer Library to address in the future, please provide them here.Be sure to respond to at least one of your classmates’ posts.PLEASE RESPOND TO CLASSMATE POSTPamela HarrisMar 10, 2024Mar 10 at 11:15amManage Discussion EntryHello All,The three strategies an administrator can use to be effective in the role for the best budget performance is 1) budget control and cost management, which administers, and monitors funds sent and reports on risks and looks at expenses versus budget amount. 2) Aligning the budget with the organization’s objective, defining indicators that contribute to completing the company’s goals and supporting continuous improvements. 3)Systems theory approach, coordinating with all departments to establish a clear structure for reporting of decisions to be made and assigning specific duties and responsibilities.Three concepts I learned and will apply are trend analysis, budget analysis, and time management. I learned a lot in this class and really enjoyed all the information I researched, and we discussed. I think communication is very important and detailed duties and responsibilities also.WEEK 10 ASSIGNMENTIn a 4–5 page paper, use the Financial Trend Monitoring System to identify financial factors affecting the financial solvency of a state, a local, or a nonprofit agency. You may choose a new agency to analyze or use one of the agencies you looked at in a previous assignment. (A federal agency or department should not be used for this assignment.) Using the financial factors from Table 7.1, pick 2–3 factors and conduct a trend analysis.Evaluate selected financial factors by analyzing financial data over at least the last five years. Title this section Trend Analysis.See Table 7.1 Factors Affecting Financial Condition for a list of financial factors.Create a table or chart with each factor indicating the direction of the trend. Title this section Data Analysis. (Note: This section should only consist of at least two or three tables or charts.)Justify your table or chart for each factor by writing a brief evaluation of the trend. Title this section Trend Evaluation.Develop and explain a policy statement based on your findings to manage areas of concern. Title this section Policy Statement.Your assignment must follow these formatting requirements:Include an Introduction and Conclusion in the 4–5 page count. Your cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, the date, and the reference page are not included in the required assignment page length.This course requires the use of Strayer Writing Standards (SWS). The library is your home for SWS assistance, including citations and formatting. Please refer to the Library site for all support. Check with your professor for any additional instructions.The specific course learning outcome associated with this assignment is:Evaluate financial trends for a selected agency and propose fiscal recommendations.
