Financial Management - A+ Grade Writer

Financial Management

Select four questions to answer.

Answers should be a minimum of two pages in length per question.

Exams should be completed and submitted by Saturday, November 10, 2024

1. Financial Management, You have been selected as the director of a government department. What do you need to know

about your new department’s finances?

2. Why is cash flow important to government entities? How does an administrator plan for cash flow?

What tools are available for this purpose?

3. What is financial condition and how is it determined? How should financial condition be

monitored? Does your state monitor the financial condition of local governments? If yes, how is

this done? APA.

Financial Management

4. You are a budget analysist in a state where actual revenues will not meet budget estimates. You

have been directed to prepare a budget reduction plan to meet 2%, 5% and 10% shortages.

You are three months into the budget year. Prepare a report outlining your plan for each level of

reductions.

5. Since 2020, Congress has adopted “stimulus” funding for individuals and families, and a variety

of relief funding packages for government, business and industry. How have these funding measures

impacted our national economy? How are they impacting the Federal deficit? What improvements do

you suggest to these Federal funding measures and why?

Financial Management

6. You have been appointed Executive Director of a local non-profit agency with a staff of 30

divided into four departments, and a current budget of $4,000,000. You will begin work July pt_

The agency relies on grants, donations, and fund-raising events for revenue. Answer the following

questions:

a. Develop a budget preparation calendar so you can present a budget for the new year beginning

January pt to your new Board of Directors at the October meeting.

b. What information do you need and where will you get that information?

c. Who will you involve in the budget development process and what will their role(s) be?

d. Prepare a draft budget for the Board of Directors.

e. Justify the assumptions you have made.