Preparing the Operating Budget” Please respond to the following:
- From the e Activities, discuss two (2) differences between Michigan’s budget and your state budget in terms of budget process, financial reporting, and costs analysis (fixed costs, step fixed costs, and variable costs). Justify your response with examples.
- Discuss the pros and cons of forecasting over a five to ten (5 10) year period. Justify your response with examples.
“The Budget” Please respond to the following:
- From the first e Activity, discuss four (4) governmental expenditures that you believe will have a significant impact on your local economy over the next year. Justify your response with examples
- Discuss two to three (2 3) challenges an administrator may face when developing and reviewing proposals for budget cuts.