Scenario for Assignments 1-5For Assignments 1-5, you are the new budgeting and finance administrator for your local government agency. Your first responsibility is to become familiar with the agency, the budget, programs, and capital projects. As the administrator, you will be responsible for analyzing, examining, proposing, and preparing the agency’s budget for the next five (5) years.  Note:Students cannot use New York City as a selected local governmentAssignment 5:Multiyear Plans and AnalysisDue Week 10 and worth 100 points PreparationReview the document titled “City of Charlottesville 2010 Annual Comprehensive Plan” located in the course shell. Write a three to four (3-4) page paper in which you:1.     Review the “City of Charlottesville 2010 Annual Comprehensive Plan” and then complete Exercise 1 on page 152 using Exhibits C and D in the Annual Report and Table 9.4 on page 148. Change the title headers to the agency name. Save the Excel File as the agency’s name and include the Multiyear Plan.2.     Analyze the comparison of ratios.3.     Analyze the measures of liquidity.4.     Analyze the long-term solvency.5.     Analyze asset management rations. Your assignment must follow these formatting requirements:Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA. Check with your professor for any additional instructions.Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.  The specific course learning outcomes associated with this assignment are: Evaluate a budgeting system at any governmental level.Analyze the scope and sequence of budgeting in terms of sources of revenues, purpose of government expenditures, budget cycles, budget preparation, and debt administration.Examine the key components of developing multiyear plans and analyses.Use technology and information resources to research issues in public budgeting and finance.Write clearly and concisely about public budgeting and finance using proper writing mechanics.Click here to view the grading rubric for this assignment.Grading for this assignment will be based on answer quality, logic/organization of the paper, and language and writing skills, using the following rubric. Points: 100Assignment 5:Multiyear Plans and AnalysisCriteriaUnacceptableBelow 70% FFair70-79% CProficient80-89% BExemplary90-100% A1. Review the City of Charlottesville 2010 Annual Comprehensive Plan and then complete Exercise 1 on page 152 using Exhibits C and D in the Annual Report and Table 9.4 on page 148. Change the title headers to the agency name. Save the Excel File as the agency’s name and include the Multiyear Plan.Weight: 30%Did not submit or incompletely reviewed the City of Charlottesville 2010 Annual Comprehensive Plan and then did not submit or incompletely completed Exercise 1 on page 152 using Exhibits C and D in the Annual Report and Table 9.4 on page 148. Did not submit or incompletely changed the title headers to the agency name. Did not submit or incompletely saved the Excel File as the agency’s name and did not submit or incompletely included the Multiyear Plan.Partially reviewed the City of Charlottesville 2010 Annual Comprehensive Plan and then partially completed Exercise 1 on page 152 using Exhibits C and D in the Annual Report and Table 9.4 on page 148. Partially changed the title headers to the agency name. Partially saved the Excel File as the agency’s name and partially included the Multiyear Plan.Satisfactorily reviewed the City of Charlottesville 2010 Annual Comprehensive Plan and then satisfactorily completed Exercise 1 on page 152 using Exhibits C and D in the Annual Report and Table 9.4 on page 148. Satisfactorily changed the title headers to the agency name. Satisfactorily saved the Excel File as the agency’s name and satisfactorily included the Multiyear Plan.Thoroughly reviewed the City of Charlottesville 2010 Annual Comprehensive Plan and then thoroughly completed Exercise 1 on page 152 using Exhibits C and D in the Annual Report and Table 9.4 on page 148. Thoroughly changed the title headers to the agency name. Thoroughly saved the Excel File as the agency’s name and thoroughly included the Multiyear Plan.2. Analyze the comparison of ratios.Weight: 15%Did not submit or incompletely analyzed the comparison of ratios.Partially analyzed the comparison of ratios.Satisfactorily analyzed the comparison of ratios.Thoroughly analyzed the comparison of ratios.3. Analyze the measures of liquidity.Weight: 15%Did not submit or incompletely analyzed the measures of liquidity.Partially analyzed the measures of liquidity.Satisfactorily analyzed the measures of liquidity.Thoroughly analyzed the measures of liquidity.4. Analyze the long-term solvency.Weight:15%Did not submit or incompletely analyzed the long-term solvency.Partially analyzed the long-term solvency.Satisfactorily analyzed the long-term solvency.Thoroughly analyzed the long-term solvency.5. Analyze asset management rations.Weight: 15%Did not submit or incompletely analyzed asset management rations.Partially analyzed asset management rations.Satisfactorily analyzed asset management rations.Thoroughly analyzed asset management rations.6. Clarity, writing mechanics, and formatting requirementsWeight: 10%More than 6 errors present5-6 errors present3-4 errors present0-2 errors present

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Original Posting (See follow-up responce requested below) Workforce 2010 and Workforce 2020Workforce 2010       As time move and technology changes, the workforce demands and employers and employees needs continue to change as well. The 2010 workforce was predicted to be more focused on academic qualifications than the skills of the employee. The workforce will be technologically advanced, with employers going for employees who have unique skills and are able to bring something new to the table, as a result, there would be an increased retrenchment of employees who lacked needed skills. It was also foreseen that many employers would be focused on retaining their employees by engaging in organization’s activities (Karoly, & Panis, 2004).Comment on the correct predictions          One of the most predictions that were made was concerning technological advancement. The year two thousand and ten marked the error of significant changes in operational styles of organizations. Most of the companies shifted from manual recording and processing of data to automated and computerized data. Another accurate prediction was the idea of prioritizing employees with special skills, for employment or promotion. With the introduction of computers in the market, employers wanted people who could easily operate them, this saw many employees especially those who were computer illiterate get retrenched.Comments on inaccurate predictions          The prediction showed that employers would focus more on academic qualifications rather than the skills, this was not right since both skills and academic qualifications were the centers of focus in 2010. Also, there have not been significant effort on the employers to engage and retain their workers. Workforce 2020            There will be high information technological advancement and thus, employees with IT skills will be better placed (Landry, et al. 2016). With increasing competition, employers will have to resort to better ways of engaging their workers and making them feel that they are an important part of the organization. Employers will be more of result oriented such that unless the work has to be done in the office, employees will have a flexible schedule allowing them to work from whichever place they are as long as they meet the target. For instance, in healthcare, there will be more of specialized nurses than the bedside nurses (Buerhaus, et al. 2013). Predictions that I agree with          The rise in globalization and population will demand radical ways of reaching the targeted market. I thus, agree with the fact that workers who have information technology skills will be better placed in the market. Unless managers come up with better ways of retaining their skilled employees and appreciating their efforts, they may lose them to their competitors. If the employees are disciplined enough and have the necessary resources needed to deal with their tasks, there will not be any reason of having them report to the business premises all the time. The solution would be to allow them to work from anywhere as long as they deliver the expected results.  Disagreements          In as much as there will be increased competition in the market, there will also be increased number of jobless people looking for jobs. It is, therefore, wrong to assume that the employers will have to put more efforts to retain the employees. Both parties will equally work harder to overcome the common challenge.References:Buerhaus, P. I., Auerbach, D. I., Staiger, D. O., & Muench, U. (2013). Projections of the long-term growth of the registered nurse workforce: a regional analysis. Nursing Economics, 31(1), 13-17.Karoly, L. A., & Panis, C. W. (2004). The 21st century at work: Forces shaping the future workforce and workplace in the United States (Vol. 164). Rand Corporation.Landry, M. D., Hack, L. M., Coulson, E., Freburger, J., Johnson, M. P., Katz, R., & Sinnott, P. L. (2016). Workforce projections 2010-2020: annual supply and demand forecasting models for physical therapists across the United States. Physical therapy, 96(1), 71. Follow up responce requested: J, so here’s the skinny on unemployment:We do not have 94 million people unemployed looking for jobs. The fake news of current proclamations would suggest that but we are essentially at full employment. 3% unemployment is full employment since as we are there, the 1% of the 3% are highly volatile unskilled and seasonal workers and those who only marginally seek steady employment. The other 2% are unemployable: homeless, emotionally unable to work reliably, and most of all are retired or in school full time or earn income from unreported means like investments, estates, cash based illegal employment and those not capable of working. Professional and knowledge working openings are going unfilled due to many not keeping their skills updated and relevant to market needs. If we are at full employment then the issue is really job preference and individual preparedness to work in good jobs and careers. Thoughts? Dr. K.

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