Preparing the Operating Budget Please respond to the following:
- From the e-Activities, discuss two (2) differences between Michigans 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.