Government Budgets

Paper Summary:

This paper explains that all the budgets of governmental agencies share the goals of significantly cutting costs, reducing their scope of operations through outsourcing and improving flexibility and responsiveness through the empowerment of management. The author points out that technological advances in information technology and information systems, supported by increased user expertise and familiarity with technology, have allowed budget management to break away from its traditional constraints but have forced many governmental agencies to establish management control mechanisms. The paper details each of the budgets from Clark County in Nevada, which is the smallest in terms of revenues and expenditures, to the larger budget of the State of Nevada and to the largest budget, which is the White House's Office of Budget and Management.

Table of Contents:
Introduction
Nevada's Clark County
State of Nevada
The White House's Office of Budget and Management

From the Paper:

"In order to increase revenues, Clark County has instituted their Capital Improvement Program (CIP), a five year plan which is reviewed and updated annually in conjunction with the preparation of the County's operating budget. The CIP's mission is to finance infrastructure improvements, government facility construction, and equipment acquisition. The goals of CIP are to: 1) access capital needs; 2) identify funding sources for those capital projects/programs, which will provide the greatest return on investment in terms of meeting the increasing demand for infrastructure, public facilities and services; 3) establish priorities among projects to increase the utility of County resources; 4) improve financial planning through disclosure of future bond issues and assessment of fiscal impact."

Sample of Sources Used:

• Clark County (2006). Clark County. Retrieved September 22, 2006, from Nevada's Clark County Website: http://www.co.clark.nv.us/.
• Office of Budget and Management. (2006). The White House's Office of Budget and Management. Retrieved September 22, 2006, from the Office of Budget and Management's Website: http://www.whitehouse.gov/omb/.
• State of Nevada. (2006). State of Nevada. Retrieved September 22, 2006, from the State of Nevada's Website: http://www.nevada.gov/.
• Thompson, A.A., Strickland, A.J. & Gamble, J.E. (2005). Crafting and executing Strategy: The Quest for Competitive Advantage, Concepts and Cases. 14 Ed.

More papers on Government Budgets:

• Research Paper # 116230 : "PAYGO Government Budgeting"
• Analytical Essay # 140727 : "Economics and Government Policy"
• Argumentative Essay # 147627 : "Government Social Welfare Programs"

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