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Submit your responses to the following questions as a Word document no later than the date indicated in the syllabus. Your answers should be written in the third person. Make assertions, supported by sound reasoning, relevant evidence, and financial analysis presented in logical and organized responses which directly and fully answer each question presented. (90 Points) 1. Clifftowns Parks and Recreation Department is introducing a new summer day camp for children in elementary school, providing programming from 8:00 a.m. to 5:00 p.m. Monday through Friday. The proposed day camp program is 10 weeks long and is planned for 50 children. Fixed costs include staff, equipment, and facilities costs, and the total fixed cost is estimated at $15,000 for the 10 weeks. The camp will serve lunch and snacks each weekday at a weekly cost of $15 per child. How much should the Parks and Recreation Department charge per child for the program to break even? 2. Why is the concept of time value of money important to long-term project decisions? 3. Answer Homework Assignment Question #1 at the end of Chapter 2 of The Basics of Pubic Budgeting & Financial Management. 4. Many public pension programs in the US have had, or are projected to have, significant funding shortfalls. Find an example of a current public pension program which may have significant funding issues, summarize the problems, and send a link to the sources of your information. What errors in analysis or judgment might have been present which led to the problem? For example, was breakeven analysis lacking or the time value of money invested over estimated? 5. From the internet, find, summarize and send a link to a state or local business tax incentive program. Analyze the features of the program, then give your reasoned opinion regarding whether the program is beneficial from a public administration perspective. |
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