Budget Essay As a young man straight out of college, my options are minimal. I only make $38,278.9 a year. And on my budget, I only have $3,189.9 to spend a month. But with the correct budgeting skills, those three thousand dollars can go a long way. The first things I have to pay are taxes which are necessity. After those have been deducted, and my government aide has been added, I have roughly $3,000 left. Next on the expense list is a form of transportation, a form of communication, and food. With me living right by my work and renting out my parents’ house with a roommate, I can take public transportation and pay rent for a total of less than $200. Then my food expenses are only $82, and my phone plan is $70 a month. With all of my expenses combined, I can live happily for only $500 a month and still have roughly $2500 left for whatever I may need. Now as a chemical engineer making $94,350 a year, I have a little more wiggle room in my budget. To my surprise, having larger income means I have to pay more taxes. So instead of the 15% before, I now have to pay 20%. So after taxes and social security is deducted, I have $5911.12 to play with. But since I am a smart budgeter, I set aside 10% of my income a month for social security. Next to come is a house. I have a nice 3 bedroom 2 bathroom house in Denver, Colorado that I and a roommate split the rent on. I only pay $850 a month with cable, washer, dryer, dishwasher and all other necessary utilities included. In this particular house, it has a gas stove but I don’t have to pay a monthly gas bill which I thought I would have to. However, I have to pay $137.5 additionally for water and electricity. This also surprised me because I thought in rentals, water and electricity were included. Since a little more money is in my budget, I can afford a decent car. So I bought a fuel efficient Lexus ES that cost $739 plus $225 for gas a month.…
During the revealing of the 2013 Budget, the government objective was to push the UK into stability and out of the possibility of a triple-dip recession. The mantra was to ‘help those who aspire to work hard and get on’ and also aid those who wish for better care for their families, purchase a home, start or grow a business, and save for retirement. The government also aim to create more jobs, reduce personal and corporation tax.
The 2013 budget also announced that:
Increase capital spending…
tool to track variances throughout the year
IT Systems Utilized
Work with Director of Administrative Services in IT to prepare The Vault application for the upcoming budget year.
Create New Budget in Great Plains
1. Cards | Financial | Budgets
2. Find 2012ADJ
3. Excel | Export to Excel
4. New Workbook
5. Excel | Import Excel
7. Choose – A new budget
8. Info Screen
a. ID = 2012VAULT
b. Desc = 2012/2013 Vault
c. Fiscal Year = Default…
Class Notes for February 5th
A budget is a plan for getting and spending money to reach specific goals by a certain time.
A budget is a plan.
Four Rules for Budgets and Plans
Rule #1 – A budget is a plan for spending money to reach specific goals within a certain time period.
Rule #2 – Any budget is only as good as the time, effort, and information people put into it. Good budgets foster collaboration and exchange of information among all levels of the team.(From informal and…
Budget Summary Report
Competition Bikes. Inc.
Program: MBA, Healthcare Management, 2/1/14
Mentor: Rusty Lynch
Chapel Hill, TN Central Time Zone
Competition Bikes budget planning phase begins with sales projection. The forecast for sales in year 9 is 3510 units which is $5,247,450 in revenue, a 3.2 % increase. In year 8 it was $5,083,000, down from 5,980,000 in year 7. The company should decrease…
South University Online
Democracy or Communism?
On March 11, 2011, Governor Scott Walker signed into law the Budget Repair Bill, which calls for sweeping changes in the law relating to public sector employee relations. Governor Walker claims that Wisconsin is broke even though the state faced a larger deficit in the last budget and approached it with responsible cuts that protected vital services like education, health care and public safety. The bill includes language…
occurrence of a rising budget deficit as a result of a weaker economy and an interruption of a government spending on priority areas such as health, education, transport and defense.
Kohut (2012) stated that the budget deficit stands out as one of the fastest growing priorities for Americans, rising 16 percentage points since 2007 and ranking third with 69 percentages. However, the findings of the most recent survey that is conducted by the Pew Research Center confirm that the budget deficit has slipped…
Young women who want to see the world and can do it safely while staying within a budget. This essay will explain the cheapest and safest options for ladies who wish to see another way of life halfway across the globe including cheap airfare, safe places to stay, and food. Also included will be basic estimated pricing on most expenses incurred while traveling. We all should have the chance to explore the world, so why must we be limited because of cost?
First order of business is to find a dependable…
The budget size for the year 2013-14 is Tk 222,491 crore. The budget is 16 % higher from the current fiscal year. The revenue target of the budget has been set at Tk 1,67,459 crore while the budget deficit will be Tk 55,032cr, which is 4.6 % of the gross domestic product. Of the revenue, Tk 1,36,090cr is expected from NBR tax revenue, Tk 5,129 crore from non-NBR tax revenue and Tk 26,240cr from non-tax revenue. The government expects Tk 6,670cr in foreign grants.…
Capital Budget Proposal
Initiating a Congestive Heart Failure Clinic
Congestive Heart Failure (CHF) affects between 2 to 3 million people each year. Heart failure is directly responsible for the death of 39,000 Americans every year, and is a contributing factor in the death of an additional 225,000 Americans (National Institutes of Health, 2004). As more people continue to live longer, the incidence of heart failure will become more common. Caring healthcare facilities have the responsibility…
Budgets serve five main purposes; planning, facilitating communication and coordination, allocating resources, controlling profits and operations and evaluating performance and providing incentives. The budgeting process requires both technical and interpersonal leadership skills to achieve each of these purposes effectively. The director’s memo demonstrates several short comings in the budgeting process. The director instituted the “responsibility accounting system” as a means of evaluating performance…