“Preparing the Operating Budget

“Preparing the Operating Budget”Copy and Paste this Format when responding (do not post attachments):

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).

Budget Process:

Difference 1: (Place your response here!Justify your response with examples.)

Difference 2: (Place your response here!Justify your response with examples.)

Financial Reporting:

Difference 1: (Place your response here!Justify your response with examples.)

Difference 2: (Place your response here!Justify your response with examples.)

Cost Analysis:

Difference 1: (Place your response here!Justify your response with examples.)

Difference 2: (Place your response here!Justify your response with examples.)

Discuss the pros and cons of forecasting over a five to ten (5-10) year period.

Pro: (Place your response here!Justify your response with examples.)

Con: (Place your response here!Justify your response with examples.)

“The Budget”Copy and Paste this Format when responding (do not post attachments):

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.

Item 1:(Justify your response with examples)

Item 2:(Justify your response with examples)

Item 3:(Justify your response with examples)

Item 4:(Justify your response with examples)

Discuss two to three (2-3) challenges an administrator may face when developing and reviewing proposals for budget cuts.

Challenge 1:(Place your response here!)

Challenge 2:(Place your response here!)

Challenge 3:(Place your response here!)