As the Finance Director of the local police department, you are requested to prepare a presentation for the funding of your solution during the annual budget hearing of the city council. It is important that you include all costs associated with the solution as the city council does not provide additional funding if the actual cost would exceed the proposed cost. If additional costs would arise, it could result in the failure of the solution. Estimate the costs associated with the implementation of your proposed solution and focus on the following:
- Provide a cost estimate for the solution. Use a table or spreadsheet format to display your numerical estimates.
- Identify factors that could increase the estimated costs.
- Present examples why your proposal is cost effective.
- Research state and federal sources of funding for your solution.