Pad final | Human Resource Management homework help

PAD FINAL

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For this assignment, put all of the assignments in one document. You must go through all four assignments that I attached, and use them to create one document. After you have combined all of the assignments, put them all into one, and add two pages that ends up being the conclusion for the final paper. I will attach all of the papers that you did for me for you to use as one. Let me know early on if you don’t understand the assignment. I will check back tomorrow morning. The Role of Public Budgeting and Financial Management Brande Tate Durham Tech Public Finance and Budgeting Professor Fletcher October 26, 2025 The Role of Public Budgeting and Financial Management The Financial Management in Public Administration is Crucial The financial management is the heart of the sound management of the population since it makes sure that financial sources are used efficiently, data-driven decisions are informed, and accountability is maintained. It includes budgeting, accounting, auditing and strategic fiscal planning, which is important in ensuring transparency and trust in the running of government. Resource Allocation Resource allocation involves allocating scarce public funds to competing needs. Evidence-based decision-making is supported by strategic financial management, as it provides the administrators with the possibility to focus on the programs that make the most impact in society. Performance-based budgeting and fiscal modeling are some of the tools that guarantee that allocations enhance efficiency and equity (Heino and Jappinen, 2025). For example, governments that have fiscal constraints have to evaluate programs on the basis of quantifiable outcomes and societal worth. This is an evidence-based practice that improves service delivery besides promoting fiscal discipline. Organizational Decision-Making Sound policy and administrative decisions are based on financial information. Cost benefit analysis, fiscal forecasting and scenario modeling help governments to assess the impact of the initiatives they propose. When financial data is associated with strategic planning, leaders are better able to identify risks and maximize the utilization of the resources in the long-term (Malekpour & Allen, 2025). By this integration of financial intelligence in the policymaking, institutional strength and adaptability is enhanced especially during economic uncertainty. Accountability Accountability systems make the governments accountable and transparent with the citizens. The tools that protect the integrity of the public spending are public audits, financial disclosures, and performance reviews. Open fiscal reporting discourages corruption and enhances efficiency as well as confidence by the people in institutions. According to Matsushita et al. (2025), the best practices of accountability stemmed on the global best practices boost both national and global confidence in the systems of governance. Therefore, the financial management helps not only to maintain the integrity of the operations but also to maintain the legitimate nature of the institutions of the people.

References

Heino, E., & Jäppinen, M. (2025). Ethical guidelines for interview research with parents of underage children in the context of migration. In Handbook of Sensitive Research in the Social Sciences (pp. 236-252). Edward Elgar Publishing. https://www.elgaronline.com/abstract/book/9781035315239/chapter17.xml Malekpour, S., & Allen, C. (2025). Global Sustainable Development Reports (GSDR). Monash University Research Repository. Matsushita, K., Angell, S. Y., Appel, L. J., Bygrave, H., Cohn, J., Kalyesubula, R., ... & Khan, T. (2025). Priorities for research on hypertension care delivery: a WHO report executive summary. Hypertension, 82(6), 971-976. https://www.ahajournals.org/doi/abs/10.1161/HYPERTENSIONAHA.125.24702 Strategic Purchasing and Efficient Cash Management Report Brande Tate Durham Tech Community College

PAD 251

Professor Ashley Fletcher November 26, 2025

BUDGET FORECASTING AND COST ANALYSIS

Executive Summary The following section dissects the agency financial information to come up with the budget predictions based on both quantitative and qualitative methods. It also assesses cost drivers, possible saving opportunities and suggests how to make the financial sustainability better. According to the past trends, the requirements of the program, and the economic situations, the agency will experience a gap between the revenues and expenses. It is advisable to implement strategic purchasing reforms, improved financial control and contain cost strategies.

Introduction

In mapping how to meet the needs of agencies in the future and to be responsible at how public money is being spent, budget forecasting plays a major role in the planning process (Bandy, 2023). It is a combination of historical data and validation of the economy and requirements of the program and policy changes to estimate the revenues and expenses. In this part, the agency will be analyzed in terms of fiscal direction, financial risks will be identified, and recommendations to improve the situation will be presented and substantiated. PART 1: Budget Forecasting B(a). Review of Financial Data Financial information within the agency of FY2021-FY2024 shows that expenditures across various agencies exhibit an increasing pattern, especially the cost of personnel, purchasing, and operations. One of the most rapidly increasing classes of costs is the procurement costs, which underline the significance of the strategic purchasing (Iriowen et al., 2024). The increase in revenue has been modest with only a slight increase since there was stagnation in the economy and a restricted growth in grants. B(b). Forecasting Methodology Quantitative and qualitative forecasting was applied in order to predict the budget of the next year. Quantitative methods are:

Quantitative techniques include:

· Trend analysis · Inflation-adjusted projections · Expenditure classification · Regression modeling

Qualitative techniques include:

· Evaluating legislative mandates · Assessing internal program changes · Reviewing stakeholder input · Considering economic and political factors

Assumptions:

· Revenue growth projected at 1.8% · Inflation projected at 4.2% · Personnel costs expected to grow by 3% · Federal/state funding levels stable Projected revenue: ~$48.6 million Projected expenditures: ~$52.1 million B(c). Comprehensive Budget Forecast Due to the anticipated shortage, the agency needs to cut the non-essential spending and introduce effectiveness. The forecast prioritizes: · Mission-critical services · Compliance-driven spending · Technology modernization · Procurement reforms PART 2: Cost Analysis and Savings Opportunities B(a). Key Cost Drivers A significant source of avoidable costs is the procurement inefficiencies, including contracts that are not fragmented and vendor management that is not consistent. The key cost drivers of the agency are: · Personnel salaries/benefits (46%) · Procurement/contracting (32%) · Facilities/operations (15%) · Technology/equipment (7%) B(b). Savings Opportunities and Cost-Containment Strategies Procurement benchmarks reveal that our procurement costs are high compared to similar agencies and this proves that we can achieve substantial savings. The opportunities of savings are: