Assignment 3: Presenting The Budget S New Y

Assignment 3: Presenting the BudgetNameCourseTutor’s NameDateNew York City Financial PlanAnnual growth rates for revenues and expenditures 2012 through 2016RevenuesFY 2012FY 2013FY 2014FY 2015FY 2016Taxes 42,053 43,644 45,107 47,122 48,987 Miscellaneous Revenue 5,395 5,303 4,976 5,053 4,691 City Funds 47,448 48,947 50,083 52,175 53,678 Grants 20,591 19,554 19,620 19,936 20,403 Total Revenue 68,039 68,501 69,703 72,111 74,081 Growth rate 0.7%1.8%3.5%2.7%Expenditure Personal Service 37,207 37,292 38,031 39,742 40,886 Other than personal service 28,422 28,706 28,877 29,590 30,096 Total service expenditure 65,629 65,998 66,908 69,332 70,982 Growth rate 0.6%1.4%3.6%2.4%Obligations and transfers 2,370 2,203 5,003 5,596 5,869 General reserve 40 300 300 300 300 Total expenditure 68,039 68,501 72,211 75,228 77,151 Growth rate 0.7%5.4%4.2%2.6%Gap to be closed - - - 2,508 - 3,117 - 3,070 Revenues grew by 0.7% in2013