Public Sector Finance & Control Assignment Example | Topics and Well Written Essays - 1250 words

Public Sector Finance & Control - Assignment Example The council had declares a policy that was to restrict the ‘Council Tax Band D’ charge to 5% above the 2011/12, increasing the charge from 155 to 162.75, consequently, the general revenue being 45, 768, 880. An increase of the charge from the 2011/12 level by 8.2% could be sufficient enough to cover the 53,469,500 general expenditures. Alternatively, certain expenditures can be reduced from the books of accounts so that revenue generated from taxes match the expenditures. Theater expenditure, capita programme expenditure, and environmental and health expenditure can be arrived at through public-private partnership. In fact, expenditure should match revenue in the non essential services. Transferring of certain essential services to be catered for by the central government can be a better alternative to managing the council bills, particularly expenditure on education and health. Through the councilors, the council should rally the members to pass the adjustment so that the desired council tax band d for 2012/2013 is achieved, otherwise at the projected rate of 5% would not achieve the projected revenue demands. A marriage of geographical positioning of the Council Tax Band D equivalent, increase in the charge and reduction in expenditures or a private public arrangement can aid in matching expenditure to revenue. In the United States, water and sewer service, garbage collections have been privatized and these reduce the overall expenditure budget. The budgeting process consists of fundamental chain of activities which can be considered in the following guidelines: budgetary framework, budgetary methodologies, and allocation of resources to the budget activities. A budget framework, on the other hand is defined by certain critical factors namely: timeframe, in the case study, budget as prepared for the 2012/13 financial year, while the previous one was prepared for the 2011/12