Problem:
In this Application, you will evaluate a budget document using the above criteria. Review the GFOA Web site "Distinguished Budget Presentation Award Program," focusing on the specific criteria for budget evaluation in the four categories. Review Fiscal Administration: Analysis and Applications for the Public Sector, paying particular attention to the various budgeting approaches/formats. Review the video presentation "Budgeting for Outcomes for Smaller Communities," focusing on the fundamentals of this budgeting approach. Reflect on the need for quality budget documents in public organizations. Select a public organization, one with which you are familiar or of which someone you know is a part, for use in this Application. Reflect on what you read about effective budget documents and relate your reading to this specific organization. Select a specific budget document from the organization you selected for use in this Application. Briefly describe the organization and the budget document you selected. Identify the specific type of budget document you selected. Evaluate the budget document using GFOAcriteria. Explain whether or not the budget document serves the constituents and other stakeholders of the organization.
Additional Information:
The question is from Finance and it is about Review of Budget document of State of Tennessee, United States. This is part of Government Finance Officers Association as well as Distinguished Budget Presentation Award Program or Budget Awards Program. A budget document has to be reviewed for allocation of funds for different developmental activities in the state including general health of population, education, overall economic developmental activities proposed and revenue for above mentioned activities comprising the tax payments in the form of direct as well as indirect taxes collected from the population are all reviewed in this paper. The solution has detailed explanation.
Total Word Limit: 411 Words