Arizona State University Budgeting Question Essay

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Prompt:

River City projects that the Covid-19 Pandemic and resulting Covid19 Recession is seriously harming the city’s budget and strategic plans. The chief financial officer (CFO) estimates the general fund budget is going to be short about $2.5 million in the last quarter of this fiscal year (FY2021) and at least another $3m in the first quarter of the next fiscal year (FY2022). River City will need to consider both revenues and expenditures to achieve a projected budget balance. Supplementary materials of the River City Goals and Priorities 2020 provide a context in which budget actors should consider changes relative to their priority in these documents.

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