Draft budget definition
A budget is a statement used to estimate the expected income and expenditure. The draft revenue and expenditure for Bellflower and Bell is useful in controlling the expenditure of the city council revenues. Bellflower has a population of 76616 and has very many economic activities that can spar it economic growth. This city is located at 33°53′17″N 118°07′39″W in a total area of 6.2square meters.
Bell is also another city in Los Angel. It is more populated than Bellflower. All the activities two cities are controlled and managed by the city council. In order to run the activities of these two cities by the City council, a budget is necessary to guide and control the expenditure of the city council of Bell and Bellflower city. The budget of these two cities is composed of the expected
...income and expenditure.
City budget process
The draft budget of the City of Bell and Bellflower for the Fiscal year 2016/2017 has proposed general funding of $16,841,100 and a revenue fund of $15,259,080. The city council expects to have an overall expenditure of $32,100,180 in order to offer all the city council services.
The draft budget for this city is a balanced draft budget which ensures that the cost of operating activities of the city is equal to available revenue funds. The policy of the city council of Bell requires the use of a balanced budget so that operating revenues must be able to meet the operating expenditure of the city and other debts.
The available funding must also be able to meet the minimum policy level required by the council within the same fiscal year. The draft budget allocates resources to
economic development, community outreach, public image, increase revenues and developing and improving the management staff.
Within the draft budget, there is a need to allocate some funds to support the implementation of the strategic plan of these cities but there is some expenditure that is to be used to improve the state of the city. Some expenses are to improve the state of other organizations in the city and nonrecurring items are also included in the budget.
They will be financed by the revenue reserves. For the city of Bell, the capital project is proposed at $217,620, implementation of the strategic plan at $368,770 while other services of the council at $160,230. This is different from the city of Bellflower which has higher capital expenditure.
Within the draft budgets of these two cities, other funds are only used to restrict revenues while general funds revenues are restricted to finance street projects only. The budget also has a personal section. It also reflects the payment of employees of three different categories namely management, full-time employees and city managers. They are paid from the revenues generated by the city council.
In the same draft budget for these two cities, capital expenditures are also shown. They include the cost of refurbishment of the city hall, minor roads and development of sports grounds within the city. This budget uses a different format because it is able to show its items based on departments but not accounting. It is therefore allows the city council and the public to see the expenditure and income of each department.
Conclusion
The draft budget of the city of Bell and Bellflower are prepared with the main purpose of providing basic
and capital services to the people. It is a well-balanced budget which shows the total expenditure of each department.
Appendices
Draft Revenue and Expenditure of the city of Bellflower
Revenue and Expenditure
| Revenues | Expenditure | ||
| chief executive | $ - | CHIEF EXECUTIVE | |
| Total of services | $ - | The direct cost of employees | $ 140,000.00 |
| ENGAGEMENT OF COMMUNITY | Indirect cost employers on cost | $ 2,300.00 | |
| community engagement | $ 700,146.00 | Pension charges to actuarial | $ 45,000.00 |
| grant | $ 165,000.00 | Allowances of vehicles | $ 7,500.00 |
| Housing | $ 800,000.00 | Car park passes | $ 1,200.00 |
| Community safety | $ 56,000.00 | public transport | $ 815.00 |
| Total of service | $ 1,721,146.00 | catering and hospitality | $ 450.00 |
| policy and social justice | communication | $ 500.00 | |
| Social Justice | $ 230,000.00 | conferences | $ - |
| Total Service | $ 230,000.00 | Equipment and furniture | $ - |
| Office expenses | $ 300.00 | ||
| EXTERNAL FUNDINGS | Printing and others services | $ 4,000.00 | |
| For
community engagement |
$ 6,500.00 | Central department and services | $ 22,000.00 |
| for community grant | $ 6,200.00 | ||
| for policy and social | $ 10,000.00 | ||
| Service total | $ 22,700.00 | ||
| DIRECTORATE TOTAL | $ 308,700.00 | TOTAL EXPENDITURE | $ 224,065.00 |
| Income | $ 84,635.00 |
Revenue and Expenditure of the City of Bell
| Revenue | Expenditure | ||
| CHIEF EXECUTIVE | Direct cost of employees | $ 218,000.00 | |
| chief executive | $ 67,000.00 | indirect cost | $ 9,000.00 |
| Total of services | $ 67,000.00 | Severance cost | $ - |
| ENGAGEMENT OF COMMUNITY | Pension adjustment | $ 80,000.00 | |
| community engagement | $ 5,000,000.00 | External rent | $ - |
| grant | $ 180,000.00 | Internal rent | $ - |
| Housing | $ 940,000.00 | Cleaning and domestic supply | $ 70.00 |
| Community safety | $ 61,000.00 | car allowances | $ 300.00 |
| Total of service | $ 6,181,000.00 | Car parks | $ 12,000.00 |
| direct costs of vehicles |
nowrap="nowrap"> $ 2,500.00 |
||
| policy and social justice | public transport | $ 700.00 | |
| Social Justice | $ 265,000.00 | staff lease car | $ 300.00 |
| Total Service | $ 265,000.00 | Advertisement | $ 5,000.00 |
| catering | $ 6,000.00 | ||
| EXTERNAL FUNDINGS | clothing’s | $ 1,100.00 | |
| For community engagement | $ 25,000.00 | communications | $ 800.00 |
| for community grant | $ 4,200.00 | Equipment and furniture | $ 600.00 |
| for policy and social | $ 19,000.00 | General expenses | $ - |
| Service total | $ 48,200.00 | subscription and grant internal charges | $ 14,000.00 |
| professional fees | $ 1,000.00 | ||
| technical support charges | $ 134,000.00 | ||
| Capital charges | $ 23,500.00 | ||
| DIRECTORATE TOTAL | $ 6,561,200.00 | TOTAL EXPENDITURE | $ 508,870.00 |
| Income | $ 6,052,330.00 |
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