Fauville Sample Budget, Essay Example

Explanation

FAUville is a developing economy that has numerous opportunities and faces challenges that may potentially costly to economic growth and development. The FY2015 estimates were derived from projecting the potential effects of the problems that FAUville faces and the available financial resources as reflected in the FY2014 budget. This is the foundation for the change in the estimates provided from the previous year’s.

FAUville aims to become a competitive part of the region. To realize this, education funding has to be increase to increase the quality of education and people’s access to this education. This will be vital in providing FAUville with skilled and trained labor where it can start outsourcing labor. This skilled labor will also be crucial to the developing industries within FAUville.

Security is also a big challenge to FAUvilles administration. To help this, fire beach rescue and beach safety will have its allocation relatively the same. The police department will, on the other hand, have its budgetary allocation increase. This is aimed at tackling the issue of insecurity. Given more funds, a community policing program would be launched by the Place Department. This will engage local citizens in security matters, allowing them to pay an important role.

A significant budgetary cut will take place in human resources. This is owing to the fact that administration should look at minimizing costs by streamlining their staff. This is meant to allow for the implementation of automated and digital systems to manage information and data.

There will also be pay cuts at key positions within FAUvilles administration. This pay cut will be derived from reduced allowances for these key positions. This is meant to supplement the cost minimization efforts by administration.

The annexation process for the creation of Moneyville will obtain its funds from the reduction in allocation for Business and Trade and Community Development and Code