Tuesday, February 5, 2008

Q&A: Budget assignment for PA5003

Q: I am attaching the link of the Hennepin County budget for 2006-2007 and wanted to know if this is correct.

A: The link is great but you may click around the some website to get more information.

  • Here is the complete budget of FY2007: I would encourage you to quickly read through the document and get a sense of how the information is organized. The rest of this course is focused on "Financial Reports" which are compiled after a fiscal year ends; the purpose of this assignment is for students to read the "Budget" which is proposed before a fiscal year starts.
  • The link that you provided sets an example about how you may organize information about major revenue sources or expenditure types. Note that you are expected to calculate the percentages (with formula and absolute referencing) by yourself in the Excel table even if you know the percentages already.

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