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The Operating Budget

In: Social Issues

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The Operating Budget

Dr. Marion Lee
PAD 505- Public Budgeting and Finance
May 4, 2014

Abstract

This paper will give the Operating Budget for the City Of New Orleans. It will provide the agencies mission, goals, objectives, departments and strategic plan. It will describe the budget of the agency by addressing the Financial Summary, including revenue expenditures, department budgets, funding, capital projects and debt administration. This paper will also perform a Cost Analysis which will include fixed cost, step-fixed cost, and variable cost. It will identify one to two challenges a Budget Analyst will have in managing the budget. This paper will recommend two to three strategies the agency should review regarding new initiatives and budget cuts over the next five years.

Introduction With roots spanning all the way back to the 1700’s, The City of New Orleans is the Largest Metropolitan city in the State of Louisiana. It is a port city, which had a population of 343, 829 as of the 2010 U.S. Census (Bureau, 2012). The mission, goals and objectives of the city are to have more public safety, more job creation, more recreation for the youth, and to reduce blight in the city. New Orleans is still in a transition stage. Even though it has been 9 years after Hurricane Katrina, one of America’s Deadliest Hurricanes, the city is still rebuilding, still restructuring and actually still growing. Hurricane Katrina affected the city’s economic wellbeing. The city has several departments that they have to help run the city and keep it going smoothly. In this rebuilding transition, the strategic plan of the city is trying to keep the city’s budget streamlined without cutting vital services to the citizens of New Orleans.
Budget Overview
The Mayor’s 2014 Budget was prepared using a process called Budgeting for Outcomes (BFO). Budgeting for Outcomes is designed to...

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