Discussion 1

Preparing the Operating Budget" Please respond to the following:

• From the e-Activities, discuss two differences between Michigan's budget and your state budget in terms of budget process, financial reporting, and costs analysis (fixed costs, step-fixed costs, and variable costs). Justify your response with examples.

• Discuss the pros and cons of forecasting over a five to ten year period. Justify your response with examples.

Discussion 2

"The Budget" Please respond to the following:

• From the first e-Activity, discuss four governmental expenditures that you believe will have a significant impact on your local economy over the next year. Justify your response with examples

• Discuss two to three challenges an administrator may face when developing and reviewing proposals for budget cuts.