Your role is as the chief operating officer of a large government agency with ten years experience in the public financial management industry. After reviewing the course concepts you will identify several issues that directly connect to the written assignment. In addition to reading the assigned text materials to develop knowledge about the concepts, a through master's level education requires the development of effective research skills. In this assignment you will work to develop a rich resource of academic sources to support your paper.

Prepare a 15- to 20-page double-spaced paper (excluding the title and reference page) on the following topic.

You are in the role of a chief operating officer of a large government agency. Your supervisors have requested that you prepare a summary of the issues involved in a potential reduction in U. S. Federal budget that will affect your agency by 40%.

Prepare a report for the mayor and city council on your proposed expenditure plan assessing the key course objectives including fund accounting and financial controls, control and management of public expenditures, government financial reporting requirements, analyzing financial statements and budgets to make appropriate administrative decisions, and applying budgets as disciplinary process.