(EXPENSE TABLE)Watch the following video explaining how to collect the data for your revenue table. I will be using a random city, make sure you look for the data for your chosen local government.
Finding your budget information & possibilities Creating your Budget tables Checking for and correcting errors example
Here are the excel files I created in the examples, feel free to download them and use them either as an example or keep the formulas and input your budget dataAsk yourself questions about the priorities of your local government. The priorities are usually reflected in what they are spending the largest portions of the budget on. Are any of the costs declining or increasing? If so, what may have affected them or may affect them in the near future. Use historical information as well as demographic information. If the largest costs are public safety, is that policing, fire, or health services? Why are these the highest costs? Is there a real or perceived crime, fire, or health issue being addressed? Are they investing in community development? What do those projects and costs look like? Who is benefiting? These are just some of the thoughts you want to address when reviewing the collected data.
(REVENUE TABLE)Watch the following video explaining how to collect the data for your revenue table. I will be using a random city, make sure you look for the data for your chosen local government.Finding your budget information & possibilities Creating your Budget tables Checking for and correcting errors example
Here are the excel files I created in the examples, feel free to download them and use them either as an example or keep the formulas and input your budget dataAsk yourself questions about the type of revenue your local government uses to function and provide services. Are any of the revenue streams declining? If so, what may have affected them or may affect them in the near future. Use historical information as well as demographic information. Is there a consistency to homeownership? Is the housing market up or down? How does this affect local government revenue? Are children under 6 a growing segment? What does that mean for educational costs and upkeep of schools etc.? This is what you want to discuss in your paragraphs after reviewing the last two years of budget data you have collected. Make sure to use the %of the total column to determine what the largest revenue streams are or recent growing streams if any.
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