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Budget of a city - Research Paper Example

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Budget of a City OVERVIEW A government budget is usually considered to be a plan or a blueprint which states the total expenditure that is to be made to fulfill an established goal. It is often passed by the parliament, sanctioned by the president and presented by the finance minister of a nation to the civilians…
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Budget of a city
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Download file to see previous pages Each department head articulates their own segment of the budget and presents it to the Village Manager and the Financial Director and consequently funds are allocated in accordance with the evaluations made. The estimations made are then finalized and presented to the Finance Committee and Village Board for review and direction which is then adopted by the Mayor and Board of Trustees (The Village of Niles 1-20). THESIS STATEMENT This paper intends to conduct a descriptive study of the budget prepared for the Village of Niles for the FY 2014.The paper would also provide a detailed study of the different priorities of the budget plan along with the sources of funding for the entity and their strengths and weaknesses. Furthermore, an explanation of the different segments where the money would be spent would also be provided in the paper. Different ways in which the local government could handle an economic recession would also be ascertained. DISCUSSION Explanation of the Priorities of the Budget Plan. It is considered that every budget plan is prepared with a prime motive. Fiscal budget is essentially prepared to support a number of imperative facets of a nation that require adequate assistances. With reference to the FY budget 2014 of Village of Niles, a few of the priorities that have been stated are listed hereunder: Community Development The community development department is essentially associated with issuing building permits, providing inspectional services within the village and keeping a track of the business and rental licensing within the village. Moreover, the department is also associated with property maintenance inspection within the village. It is worth mentioning that since 2013 the department has also undertaken the responsibility of the Fire Prevention Bureau and economic development marketing of the village. The major reason behind selecting the community development department as one of the priorities for the FY budget 2014 is to develop the village zoning code in order to meet the growing need of the community, develop short term and long term goals with an aim to develop the economic condition of the village and also to market the village in the national level. The budget also aims to develop the information technology (IT) software associated with the licensing, maintenance and health division within the village for better efficiency that would facilitate to provide more quality services to the public. The budget allotted for the department also covers vital facets such as amended language for Chapter 46, Fire Prevention. It has not been addressed by the government. The budget also aims at inspecting 1300 business within the village (The Village of Niles 28-35). General Government Department The General Government Department is concerned with two primary objectives i.e. to provide high quality service to the villagers and to maximize the efficiency of village service delivery through the use of cost efficiencies. The vital reason behind selecting the department as the other priority for the FY budget 2014 is to establish a coordinated relation amid the elected officials and the staff of the different departments within the village. The budget allotted for the department also aims to update the emergency operation center plan, the department also plans to collaborate with the Niles Park District Plan for conducting successful ...Download file to see next pagesRead More
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