Final paper Week 10 assignment 4

PART 1: OPERATIONAL BUDGET FOR HOBE SOUND FL MARTIN COUNTY AGENCY

Kristin Velix

Strayer University

2018-02-13

Dr. Neely

The operational budget for Hobe Sound FL in Martin County

Introduction

Hobe Sound is an area that is located near the Atlantic Ocean South of Martin County. Martin County, which is named after Governor Martin, is an environmentally sensitive County which makes Hobe Sound part of this drive. Hobe Sound is located in a strategic position since it's approximate to the Coast give the area access to the Atlantic Ocean. For many years, Hobe Sound has acted as a winter home for industrialists and wealthy businessmen who make the city predominantly wealthy. The Sherriff's department in Martin County provides for the people who reside in Hobe Sound. Other services like EMS services, rescue, as well as firefighting services are provided by Martin County Fire Rescue Department.

Mission

To conscientiously serve the citizens and the community in the dynamic world; protecting as well as enhance the well-being, safety, and general health; to attract and nurture most talented people in the work environment and also to inspire and to serve the public with a lot of integrity, high standard, respect, and creativity (Berry, 2013).

Vision

To build the community by nurturing the environment where the joy of reading and learning are celebrated, and ideas and people flourish while the golden rule remains the rule of life.

Goals/objectives

• To develop strong partnerships with families and the community to enhance excellence.

• Provision of safe, inclusive and challenging learning environment to serve as foundation for students’ growth

• Provide good stewardship and transparency of resources and also strengthen public support and trust.

Strategic plan

• Development of knowledgeable, critical thinkers, collaborator, communicators, contributors, and creators.

• To cultivate a high-performance professional team who are focused on the mission and goals.

• To deliver efficient and active support for the success of students.

Departments

The departments in this agency the department of animal services, community corrections, family services, health, human resources, management and budget, information technology and sheriff’s office among others.

Budget Overview

Financial Summary

Just like many other organizations, Hobe Sound FL has drawn a budget that covers various aspects of the county. The Hobe Sound Administrator John Teward has adopted a proposed budget of $25 billion. The total revenues of this county are $1,517,161,077 for the fiscal year 2018. The sources of income include permits, fees, and licenses, fines and Forfeitures totaling. The Local Tax Funding is set to provide additional funding. On the other hand, the total expenditures are set to be a total of $1,516,182,209. These expenses are comprised of operating and maintenance caries the most significant percentage of $921,975,826.

Department Budgets

This budget also has factored in the budget allocations to the various departments that are in this county. The total budget for these agencies adds up to $1,527,596,800. The Animal Services department was allocated $3,332,335; Building and development awarded $$21,679,309 while community corrections are allocated $2,280,166 among all other agencies.

Funding

The funding includes Local Tax Funding of $192,281,938, Debt funding of $1 147, 481, 200 and $122,461,617 from the Intergovernmental Assistance among other funding sources. This budget is estimating that real property tax rate shall be charged at $1.135 per $100. This forms part of the county’s revenues (Addison, 2003).

Capital Projects

The most substantial expenditure of this budget is the transportation projects with 39% or $789 million then followed by schools at 29.6 percent or $521 million. Therefore, transportation project is the most extensive capital project.

Debt Administration

Finally, total debt administration is standing at a value of $1,147,481,200 which includes General Obligation Financing of $1,008,996,200 and Lease Revenue Financing of $138,485,000. These

Cost Analysis

Fixed costs, and step costs

The fixed costs in this county include $4,322,720 while the step-fixed expenses are the utilities and recreation that is adding up to $160.1 million.

Variable costs

The variable costs include the personnel costs $4, 3206,411 and other operating expenses adding up to $562,320.

Budget challenges

Static budget and multi-year financial plans often produce a high level of financial targets and constraints; however, if a material deviation occurs during the year, this can paralyze the agent because of insufficient processes to be used in evaluating the cause of these changes and adjusting the plans and budget accordingly.

Drastic changes may also occur in the resource levels, strategies and budget constraints which are often inevitable. If these changes happen to occur, these may paralyze the agency and thus may also affect the management of the budget as some other extra costs will have to be incurred (Addison, 2003).

Budget recommendations

The agency should use performance information in budget processes as this will help the agency in generating a sharper focus on the results of the agency. It will provide better information on the goals and priorities of the agency and will also improve transparency on the budget by proving better and more information to the agency and public and thus will improve the budget management and use.

The agency can also cut down the budget by eliminating programs that are not so beneficial to the agency, and they can also reduce the amount of budget that is assigned to some other department. This will help in ensuring that there is proper utilization of the budgeted money in the agency and it will also eliminate any misuse of funds that may occur due to the allocation of excess funds. These agencies that may require elimination or cut of costs include community corrections, family services, and sheriff's office.

The organization should also strive hard to ensure that it does not sustain any deficits in the organization. This will ensure that the growth of the agency is not slowed; household borrowing costs are reduced and thus also reduce the amount of burden that may be shifted to the future generation as this may also affect the future of the agency.

References

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Addison, A., Smith, M., Pintak, L., Ciulla, J., Pennsylvania State University., & University of Maryland University College. (2003). Operational budgeting. University Park, PA: Audio-Visual Services, Pennsylvania State University.

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Berry, G. J., & Short, B. (2013). George Berry on James Carmichael. (Reflection on Georgia Politics Oral History Collection.)

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Daly City (Calif.)., & Martin, J. C. (2004). City of Daly City: Comprehensive biennial operating & capital budget 2004-2005/2005-2006. Daly City, CA: City of Daly City.

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