Refer to the information in Exhibits 13.20 and 13.21 that are part of the test of zero-based budgeting at Rainy Days Umbrellas. Information concerning the funding requests for PDG Areas 2 and 3 are as follows: PDG Area 1 Package PDG Area 2 PDG Area 3 Funding Request Package 1-1 $ 25,802 2-1 Funding Request $ 16,737 Package Funding Request 3-1 $ 5,579 1-2 8,368 2-2 10,462 3-2 12,204 1-3 6,624 2-3 9,066 3-3 2-4 12,204 3-4 10,112 5,928 2-5 7,322 Required: As a result of the loss of a major account, funding for the Product Development Group has been reduced even further to $88,913. Complete the table below to indicate whether a package would be funded under the new funding amount. PDG Area 1 PDG Area 2 PDG Area 3 Package Funded? Package Funded? Package Funded? 1 ($25,802) 1 ($16,737) 1 ($5,579) 2 ($8,368) 2 ($12,204) 3 ($6,624) 2 ($10,462) 3 ($9,066) 4 ($12,204) 5 ($7,322) 3 ($10,112) 4 ($5,928)
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- Describe the 5 types of budgets listed for these Wk 3 Financial Exercises: Problem Set 2, Part 1. In your descriptions, include the budget's objective, how the budget assists an organization in managing its financial activities, and what types of data need to be included in that specific budget. Type of Budget Cash Flow Operating Sales Static Financial Description Insert cash flow description. Insert operating description. Insert sales description. Insert static description. Insert financial description.In Organizational Development (OD), each area of OD has its own budget to maintain. Please create a spreadsheet indicating the following purchases for the different OD areas and the remaining balance for each department based on the beginning budget and purchases as indicated. The Center for the Advancement of Teaching and Learning Beginning Budget $60,000 Speaker Books Speaker Gifts $2,000 100 @ $22.50 each $200.00 Leadership Development Beginning Budget $40,000 Retreat Location Rental Retreat Lunch Conference Awards $8,000 $11.00 each for 72 attendees $9,000 $8,800 Creative and Strategic Initiatives Beginning Budget $25,000 Camera Software Digital subscriptions $7,000 $2,000 $550.001. What do you understand by a project budget? Please outline the steps needed to prepare a project budget and indicate the types of costs associated with budgets. 2. Prepare a multi-year budget for a project for a period of 3 years (2020-2022) in an Excel worksheet incorporating the following information. Please upload your excel document. 3. Please prepare a consolidated budget pivot table in Excel by budget class and year. Please upload your excel document. Budget Class – Staff Costs • Salary of the Project Manager @ USD 5,000 per month. • Salary of the Admin Finance Officer @ USD 3,500 per month. • Salary of Admin. & Finance Assistant @USD 1,000 per month • Salary of Driver @USD 500 per month Budget Class – Equipment & Furniture Cost of the office equipment and furniture required for the project is USD 30,000 for three years to be procured during the 1st year of the project. Budget Class – Operating Costs (training) Two trainers are required for each training. Each…
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- Preparation of financial statements and interpretation of operating results Below is the December 31, 2022 trial balance for Radnor City's General Fund. Trial Balance Account Debit Credit Estimated revenues-property taxes $500,000 Estimated revenues-intergovernmental 150,000 Estimated revenues-licenses and fees 100,000 Estimated revenues-fines 50,000 Budgetary fund balance Appropriations-general government 10,000 $159,000 Appropriations-parks and recreation 175,000 Appropriations-public safety 446,000 Appropriations-social services 30,000 Expenditures-public safety 441,000 Expenditures-general government 150,500 Expenditures-parks and recreation 170,500 Expenditures-social services 27,000 Cash 35,600 Property taxes receivable 67,200 Tax anticipation notes payable 10,000 Interest payable 800 Revenues-property taxes 497,000 Revenues-intergovernmental 154,000 Revenues-licenses and fees 99,000 Revenues-fines 48,000 Fund balance 62,000 Vouchers payable 21,000 Total $1,701,800 $1,701,8001. The Department of Transportation had an appropriation of $1million in YR1 and of $1.03 million in YR2 (an increase of $0.03 million or 3%). a. If using the incremental budgeting approach, what is the YR3 budget base for this department? b. If using zero-based budgeting approach, what is the YR3 budget base for this department?Creat an initial budget sheet showing the sistribution of $100,000 use the example's format on EXCEL.
- The project budgeting process involves two steps. The first step is to determine the total budgeted cost (TBC), which is the aggregate amount of the estimated costs of all the specific activities to perform and complete a work package or the project. Review the below Budgeted Cost table by period per activity and calculate the cumulative total cost for the following days: a) b) c) d) e) Day: 2 Day: 4 Day: 7 Day: 9 Day: 12 The Independent Institute of Education (Pty) Ltd 2022 21; 22; 23 1 Activity 1 2 Activity 2 Activity 3 Activity 4 Activity 5 22 4 5 32 7~ Days 4 5 6 2 2 2 4 3 3 5 5 5 5 5 Amounts are in thousands of Rands. 7 2 82 9 10 4 6 10 10 Page 4 of 6 11 12 3 2 2022In cell J13, create a formula using the DAVERAGE function to average the budget amounts for Comedy projects in the Projects table, using the range I11:I12 as the criteria.The finance director of the Bethandy Independent School District is making preliminary estimates of the budget outlook for the General Fund for the 20x8 fiscal year. These estimates will permit the superintendent to advise the department heads properly when budget instructions and forms are distributed. She has assembled the following information: Estimated 20X7 Expected Change- 20X8 1. Revenues Property Taxes............................................................................ $2,000,000 +6% State aid....................................................................................... 1,000,000 +3% Federal grants.............................................................................. 500,000 -$40,000 Other............................................................................................ 300,000 +$10,000 $3,800,000 2. Expenditures Salaries and…