Expenditure And Revenues Summary Research Paper Sample
Type of paper: Research Paper
Topic: Agency, Finance, Politics, Government, Public, Police, Crime, Taxes
The present paper summarizes expenditure and revenues of the Douglasville Police Department. It discusses different sources of revenues and expenditures of the agency and how they influence political and public policies. In addition, recommendation for the alternative revenue sources has been provided in the paper.
Impact of the expenditures on revenues
The financial statement of the Douglasville Police Department reveals financial information of the agency. Douglasville Police Department is a public agency; government-funded that reports about the governmental activities. The treatment of expenditures on the revenues of the agency differs as the source of revenues of the agency is the government funds. The capital is reported as expenditures. The revenues of the Agency do not reflect the financial resources of the agency. Currently, the agency has deficit that means that the expenditures of the agency are higher than revenues. In order to increase the revenues, the agency would need more capital. The increase in the expenditures would increase the revenue sources of the agency. Considering if the agency increases its public and safety expenditures it can result in an increase in the license fees and permits.
Influence of the political and public policies
The government primarily funds Douglasville Police Department. Thus, the local and statement government’s decision caste a great impact the services and activities performed by the department. From the financial information provided in the financial statement of Douglasville Police Department, it can be determined that the change and stimuli in the political factors prevailing within the local or federal government would cast a great impact on the public policies of the department. It information provided in the financial statement of the department highlight that the initiatives and formal investment policies affects investment and financial activities of the agency.
The policies imposed by the City Council would directly impact the financial positioning of the agency. For example, the improvement in the services, delivery and infrastructure would significantly improve the revenues. The imposition of the sales tax, such as, collection from the fund streets, recreation, fire facilities, renovation of existing park facilities would increase the revenues of the agency. In the similar manner, the issuance of the GO bonds in 2009 for the development and construction of the public safety and municipal court building incurs debt that is paid by the bond millage. Hence, it can be determined that the political and public policies of the local and federal department mainly City Council would greatly influence financial activities of the department.
Looking at the financial statement of the agency it can be determined the primary revenues of the Douglasville Police Department are the government fund. In the case of the public safety, the agency mainly obtains revenue from the collection of the license fees and permits. The imposition of the parking taxes, fines or other policies can be the alternative for the sources of revenues. In addition, the issuance of the bond by the City Council can be identified as revenue of the agency. However, it can be determined that the mainly the revenues of the agency are dependent on the means of government funding and financing activities (Douglasville Police Department, 2013). The agency can also offer long-term loans or debts to the public as an alternative for its revenue resource.
Douglasville Police Department. (2013). Georgia: City of Douglasville.
Fitzgerald, F. S. (2013). Introducing financial statement. Sydney.
IAS 1 — Presentation of Financial Statements. (2014, Jan 4). Retrieved from http://www.iasplus.com/en/standards/ias/ias1