Transcript: Start-up Budget Cash Budget anticipates that cash will come into a business and that cash will be paid outduring each month or week planned for three months, six months, or a year planned for the entire business Alike describes financial plan for ongoing operations plans income and expenses requires expenditures BUDGETING Operating Budget Business Software netsuite alight planning solutional attensity Thank you for your attention!
Transcript: Credit is borrowed money that you can use to purchase goods and services when you need them. 2.Dispute a credit report error. 4.Pay off a past due balance. What is credit? 1.Get a copy of your credit reports. What things lower your credit score? THE END What kind of things raise your credit score? 3.Avoid new credit card purchases. 5.Pay off a debt. credit Closing a credit card with a zero balance Renting a car on debit Having a credit card company not report your credit limits
Transcript: My Car I have $2,688.18 left and I'm putting it into savings to save up to buy a beach house in Hawaii. Cell Phone Plan $89.99 per month 1 Bedroom Apartment Includes a fitness center, pool, laundry facility and allows pets Provider is Verizon Movies- $46 unlimited calling to anyone in the U.S. Access to mobile web Yearly Salary- $180,000 Monthly Salary- $15,000 $89.99/month Fun!! It helps you to be aware of the money you have and what you have to pay for so you know your limits and don't go into debt. 2009 Mercedes-Benz S Class (used) Spa Getaway- $845 My Career I learned that budgeting is a good way to keep your money organized. Food! $84,995 Altogether $1,957 per month unlimited night and weekend minutes My Monthly Payment is $5,400 Where I Live Investment Banker My total food bill is $308.84 Flint Gray with a Charcoal leather Shopping- $1,000 No long distance charges TV, Land-line and Internet Special Offer $75 for Insurance What I've Learned Arrange and Negotiate large financial transactions Financial Adviser Negotiate agreements for companies who want to merge or acquire another company Trip to Vegas- $2,500 About My Career Time Warner Cable Money Left
Transcript: Block grants are usually distributed to general-purpose governments Aid is authorized for a wide range of activities within a broadly defined functional area Federal block grants support programs that include health, community development, crime control and mass transportation Block grants should not be expected to stimulate new recipient-government initiatives and should be given to the activities for which a broad consensus already exists The important fact in identifying the level of government that should provide a public service, is the range of benefit spillover. The structure of government satisfies Correspondence principle making the spillover area and the decision unit coincide and the failure can bring to misallocation of resources, poorly structured revenue systems and etc. Subsidiarity principle governmental responsibility for a function should be at the lowest level government, because sub-national governments are closer to the preferences and needs of taxpayers. Draft for Changes in “Law on Financial equalization" Grants transfer spending power from one government to another Grants can reduce the problems created by fiscal disparity, encourage programs of special national merit They can use stronger revenue administration capacity of the higher level to raise money for the lower level Federal grant system has included 3 types of assistance: Categorical grants Block grants General revenue sharing Why are Intergovernmental Fiscal Relations important ? Categorical grants finance specific and narrowly defined programs Categorical grants may be: Formula Project Project/Formula There are 3 main difficulties connected with the categorical grants: 1.Administrative complexity 2.Program overlap and duplication 3.Distortion of local priorities Block Grants How does this work in Armenia? Categorical Grants Correspondence and Subsidiarity Government can make the revenue structure more flexible in order to provide mutually beneficial financial assistance The two general classes of revenue relationship are: 1. Relief in tax-base use and 2. assistance with revenue administration and compliance Revenue relief includes deductions and credits Deductibility reduces the tax base for one governmental unit by the amount of tax paid to a supported government. Tax credit is an arrangement in which the tax levied by one government unit acts as payment of the liability owed to another government. Instructor: Dr. A. Drampian Student: A. Aghoyan Third variety of federal grants is revenue sharing Programs of revenue or tax sharing can strengthen local spending power It can reduce intergovernmental fiscal disparities It also can strengthen the expenditure capability to government units with constrained taxing powers Tax sharing programs are a common feature in the finances of many other countries including countries from former Soviet Union Intergovernmental fiscal relations Correspondence and Subsidiarity Fiscal Disparity as a complication Grants (Subsidies) Tax sharing How does it work in Armenia? Grants in Armenia Intergovernmental Grants (Subsidies) The problem is the following: there is a inequity in equalization grant providing within the municipalities having less/more than 300 people Municipalities that have more than 300 people receive less amount of money, than those having less than 300 people Expected result will be to receive equal amount of money from equalization grant's funding According to Armenian legislation subsidies (grants) are defined as intergovernmental transfers to local government's budget Equalization grants 4.4% Capital transfers (subventions) 0.11% Law of Budgetary system, Clause 4, Article 20 states, State budget expenditure can also include following allocations: Other subsidies to support broad goals (block grants) Subventions to support specific expenditure (categorical grants) Intergovernmental Fiscal Relations: Subsidies and Tax Sharing Tax Sharing in Armenia Fiscal autonomy of local governments is entrenched in the RA Constitution Municipal revenues for municipal needs Legislation provides for 4 types of intergovernmental transfers to operating budget: State subsidies Other subsidies Subventions or targeted grants Funding for delegated functions Capital budget has its distinct sources of revenues Official transfers 1. State subventions 2. Other transfers THANK YOU!!! The Law of Local Self-Government also stipulates revenue sharing It provides undefined share of tax, profit tax and environmental fees for municipal budget The exact percentage of the share is supposed to be allocated by NA No shares of income and profit tax had been appropriated to the municipalities John L. Mikesell, FISCAL ADMINISTRATION: ANALYSIS AND APPLICATION FOR THE PUBLIC SECTOR, 6th ed. Thomson, Wadsworth, 2003. David Tumanyan, Intergovernmental Fiscal Relations in Armenia, 2002. http://unpan1.un.org/intradoc/groups/public/documents/NISPAcee/UNPAN004549.pdf National Assemble, Draft for doing changes in “Law on
Transcript: Budgeting Real-Life Thank Purpose of Budgeting Citations To see what you or your family need. (n.d.). Retrieved from http://mycornerstone.practicalmoneyskills.com/personalfinance/savingsspending/budgeting You (n.d.). Retrieved from www.dummies.com/how-to/content/budgeting-first-steps-seperating-needs-from-wants.html By: Adrionna Tucker Budgeting is a financial plan or list of all your needs, wants, or ideas. What is budgeting?? 2nd Estimate expenses Alana has $1000 for the month she has to pay for her rent, car insurance, cellphone bill, and light bill. Her rent is $350, the light bill is $200, the cellphone bill is $100, and the car insurance is $250. So, Alana has $100 dollars left. Alana seen a dress she like, but knew she had to save the money for gas so Alana did not buy the dress cause she knew that was not smart. To see how much you owe on bills. To see how money you have. How to budget?? I hope you like it:) 1st Add Up Income 3rd Figure Out Difference To see how much money you can spend.
Transcript: huddle Mrs. Rossi huddle to crowd together crowd huddle separate
Transcript: The Road Ahead: Budgeting By: Mrs. Melissa Seideman What is a budget? A budget is a spending plan that you decide upon. It is based on how much you make in income and what your monthly expenses are. Why is it important? By understanding your monthly income and expenses, you will be better able to manage your cash flow and determine how much debt, if any, you can assume. "Under Budget" or "within budget" Budget Deficit The amount by which a government, company, or individual's spending exceeds its income over a particular period of time. What are the secrets to successful budgeting? Task Set Goals Where do you see yourself in ten years? Step 1 vs Step 2 Step 3 Budgeting
Transcript: Nobody knows babies like we do! Quality products . Good Customer service. Every Kid really loves this store.. BABYLOU ABOUT US About Us BabyLou was established in 2004. It has been more than a decade since we started, where we have ensured to take care of every need and want of every child and infant under one roof, true to the caption “NO BODY KNOWS BABIES LIKE WE DO”. Our benchmark is to provide 100% customer service and satisfaction and continue to deliver the same with a wide range of toys, garments and Baby Products. Play and Create We Are Best 01 02 03 Block games Building Blocks help Kids to use their brain. PLAY TO LEARN in Crusing Adventures Our Discoveries Enjoy a sunny vacation aboard a luxury yacht with the LEGO® Creator 3in1 31083 Cruising Adventures set. This ship has all the comforts you need, including a well-equipped cabin and a toilet. Sail away to a sunny bay and take the cool water scooter to the beach. Build a sandcastle, enjoy a picnic, go surfing or check out the cute sea creatures before you head back to the yacht for a spot of fishing. Escape into the mountains Disney Little Princes in Also available for your Babies..... Also... Out of The World… Our reponsibility BABYLOU…. Our Responsibility All children have the right to fun, creative and engaging play experiences. Play is essential because when children play, they learn. As a provider of play experiences, we must ensure that our behaviour and actions are responsible towards all children and towards our stakeholders, society and the environment. We are committed to continue earning the trust our stakeholders place in us, and we are always inspired by children to be the best we can be. Innovate for children We aim to inspire children through our unique playful learning experiences and to play an active role in making a global difference on product safety while being dedicated promoters of responsibility towards children.
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