Expenditure And Revenue Essay

1805 words - 8 pages

Expenditures and Revenues Summary: Palm Beach Sheriff’s Office
Bianca Gerena
AJS 522
Paula May
May 26, 2014

Expenditures and Revenues Summary: Palm Beach Sheriff’s Office
The Palm Beach Sheriff’s Office, a statutory government agency, is responsible for providing services to three mandated programs in Palm Beach County, Florida (PBSO.org, 2013). Those programs are Law Enforcement, Corrections Services throughout Palm Beach County’s jails, and finally Bailiff and Court staff. Palm Beach Sheriff’s office is required to respond to law enforcement calls throughout the county and all unincorporated areas of Palm Beach County. Palm Beach Sheriff’s office is also responsible for providing ...view middle of the document...

Personal services, according to the Sheriff’s Office (2014) means this part of the budget is considered to pay employee wages and benefits. This program is divided in to thee parts, Law Enforcement, Corrections and Court Services and Bailiff, which in turns means three different expenditures. A total of $510,102,878.00 for the Sheriff’s was requested for the 2014 fiscal year in order to support the three programs. This amount is an increase of about 5.8% from the 2013 fiscal year (PBSO.org, 2014).
The Palm Beach Sheriff’s Office is funded through various revenues generated from Law Enforcement services, ad-valorem taxes and utility taxes. The Sheriff’s Office collects 15% of all revenues collected through adult entertainment and revenue is also received by the State of Florida for Crime Laboratory Operations. Funds are established by the Florida Crime Laboratory Council. Safety services also generate revenue for the Sheriff’s Office. The charges and fees are ultimately determined by the Statute and fee schedule approved by the Sheriff. These contracts include airport security, Private and Governmental Off-Duty permits and other law enforcement contract. The Safety Service fees make up a large portion of the Sheriff’s revenues (PBSO. org, 2014). Other revenues include fines and forfeitures, commission on coin telephones used by the county’s inmates, taxes levied on assessed properties in Palm Beach County and utility tax.
According to Palm Beach Sheriff’s Office (2014), each program is divided in to three expenditures. Those expenditures are Law Enforcement, Corrections and Court Services and Bailiff. Each of the three program categories is broken down even further. Those parts are listed as Personal Services, Operating and Capital Outlay. Each variable requires funds in order to operate; for example, the Law Enforcement Program was budgeted for a total budget of $347,035,274.00 out of the $510,102,878.00. As stated this program is further broken down in to three variables, Personal Services, Operating and Capital Outlay. A total of $276,397,453.00 is budgeted for personal services. $60,185,099 is budgeted for Operating and $10,452,722.00 is budgeted for Capital Outlay. This brings the total to $347,035,274.00 dollars budgeted for the Law Enforcement Program. This total is about 60% of the total budget for 2014. It is important to understand that 81% of the operating budget consists of wages, overtime and employee benefits. These are items which are set through collective bargaining, policy, contracts and also receive protection under to Career Service Bill (PBSO.org, 2014).
Key Players Involved in Deciding on a Budget
Because the Sheriff’s Office is large and requires time to create a reasonable budget, the budgeting process begins in December of the preceding year (PBSO.org, 2014). In January, the Palm Beach Sheriff discusses the philosophy for the approaching fiscal year. The Sheriff’s Office had an established budget staff which...

Other Papers Like Expenditure and Revenue

Capital Allowance Essay

2715 words - 11 pages (excluding legal 2.2 2.3 3 3.1 3.2 fees, registration fees, stamp duty and other cost related to the acquisition of any IRU) qualifies as capital expenditure for WDA over the number of years for which the IRU is acquired. The periodic amounts for operation and maintenance of the cable system are generally revenue expenditure that qualifies for tax deduction in the same year they are incurred. 4 4.1 How to Calculate WDA on IRU Payments

Healthcare, Regulatory and Reimbursement Landscape in Us: Jsbmarketresearch

3617 words - 15 pages : Medical Device Market, Medtronic, Global, Major Products, Revenue ($bn), 2013 94 Table 31: Medical Device Market, Abbott, Global, Major Products, 2014 114 Table 32: Medical Device Market, Abbott, Global, Late-Stage Pipeline, 2014 115 Table 33: Total Medicare Income, US, Expenditure and Trust Fund Assets ($bn), 2008−2023 138 Table 34: Market Access, US, Poverty Guidelines, 2014 142 Table 35: Market Access, US, Metal Plans, 2014 143 Table 36

Fiscal Deficit

1015 words - 5 pages Deficit? | |The fiscal deficit is the difference between the government's total expenditure and its total receipts (excluding borrowing). | |The elements of the fiscal deficit are (a) the revenue deficit, which is the difference between the government’s current (or | |revenue) expenditure and total current receipts (that is, excluding borrowing) and

Unit 5 P2 Definitions

833 words - 4 pages the net worth of a business whereas is revenue income is where an owner’s equity is increased from operations and other activities from a business. Capital Expenditure: Fixed Assets: Fixed assets are purchased for long-term use and aren’t likely to be converted quickly into cash, such as land, buildings, and equipment. Land and buildings: The land is just the area used by a business for its premises and for its business functions and

Fiscal Policy - Summary

1204 words - 5 pages , in which changes in the level and consumption of government expenditure and revenue, influences budget outcomes regarding a balanced budget (neutral stance), budget deficit (expansionary stance) and budget surplus (contractionary stance). This in turn affects the overall level of economic activity, resource allocation and income distribution. The budget outcome is the resultant government budgetary position in terms of spending and revenue

Socio-Economic Indicators Of Bangladesh

597 words - 3 pages 35.06 Government Revenue/Expenditure (Revised Budget), 2011-12 (In billion Tk.) Total Revenue Total Expenditure Total Revenue (As Percentage of GDP) Total Expenditure (As Percentage of GDP) Budget Deficit (Excluding Foreign Grants) Budget Deficit (Including Foreign Grants) Money Supply (In billion Tk.) Narrow Money (M1), June, 2012 Reserve Money, June, 2012 Broad Money (M2), June, 2012 Exchange Rate (2011-12) Taka/US$ (Average) Capital

Aarkstore - Healthcare, Regulatory and Reimbursement Landscape - Belgium

4786 words - 20 pages Figure 1: Pharmaceutical Market, Belgium, Revenue ($bn), 2007-2012 Figure 2: Pharmaceutical Market, Belgium, Revenue Forecast ($bn), 2013-2020 Figure 3: Pharmaceutical Imports and Exports, Belgium, Revenue ($bn), 2007-2012 Figure 4: Over-the-Counter Pharmaceutical Market, Belgium, Revenue ($m), 2007-2012 Figure 5: Major Over-the-Counter Drug Classes, Belgium, Segment Share (%), 2011 Figure 6: Pharmaceutical Market, Belgium, Drug Expenditure

Acct2542 Hw Week 2

870 words - 4 pages management to refer to the accounting standards of other bodies dealing with similar and related issues and the definitions, recognition criteria and measurement concepts contained in the conceptual framework when choosing between competing accounting policies. Students could select either policy – the key issue is whether or not such expenditure results in the creation of an asset as per the Conceptual Framework’s definition. If so, the expenditure

Making a Financial Case

2582 words - 11 pages Making a Financial Case Understanding Financial Concepts Used To Inform Management Decisions 1: Understanding financial concepts used to inform management decisions 1.1: Explain the differences between capital and revenue expenditure, using examples Capital Revenue A capital expenditure is an amount spent to acquire or improve a long-term asset such as equipment or buildings. Usually the cost is recorded in an account classified as

Docx

306 words - 2 pages capital and revenue expenditure; Record depreciation using: straight line method, reducing balance method. Prepare accounts for depreciation and provision for depreciation. * Year end adjustments: Write off bad debts; Create and increase/reduce the provision for doubtful debts account; Account for accruals and prepayments in ledger accounts; Make appropriate adjustments in the journal; Prepare a trial balance from cash book and ledger balances

Tax Evasion And Optimal Interest Rates. Switzerland: Study Center Gerzensee

4087 words - 17 pages Pourashava is derived from the following sources: Demand based: Holding tax on land, building, conservancy, and lighting contribute in the demand based sources. Cash based: Taxes, Fees, Rents, Leases, Earnings, Licenses, Sales, etc. are the cash based sources of revenue. In addition, the Pourashava receives grants from the Government for both revenue and development expenditure. As specified above for holding taxes, demands are raised by issuing bills

Related Essays

Budget Presentation Essay

845 words - 4 pages contribution is on the decline as from 2006/07 Revenue continued Revenue Collected 900,000 800,000 700,000 Millions of rand 600,000 500,000 400,000 300,000 200,000 100,000 - Tax on international trade Domestic taxes on goods and services Tax on corporate income Persons and individuals Revenue, especially from taxes on income and profits increased exponentially since 1999/00 with a dip after 2008/09 Expenditure Composition of

Economics Government In Action Essay

1163 words - 5 pages Economics Assignment- Government in Action by Amin Lalani Commonwealth Government Budget The Commonwealth Budget is an official document presented in May each year, that sets out the government's revenue and expenditure plans for the coming financial year. By varying its intended expenditure (G) and revenue (T), the government can influence the overall level of economic activity, and have a significant influence on the level of inflation and

Indexed Afs Essay

619 words - 3 pages % Total revenue 232,922,526 232,015,452 907,074 0% -138,559,943 -131,516,219 -7,043,724 5% -487,972 -536,842 48,870 -9% -31,631,525 -32,696,074 1,064,549 -3% -631,817 100% -7% Expenditure Employee related costs and DHET management fee Students residence and meals Depreciation and amortisation Impairment loss -631,817 - -3,097,203 -3,327,176 229,973 -21,895,654 -23,992,539 2,096,885 -9% Repairs and maintenance -1,915,765

Four Sector Economy Model.Doc Essay

1421 words - 6 pages other nation, a part of domestic expenditure on final goods falls on foreign (imported) goods & as such does not earn revenue for domestic firms. Imports are, therefore, appropriately regarded as a withdrawal. On the other hand, a part of the output of the firm is exported. The revenue thus earned by the firms is not due to domestic household expenditure and so is an injection into the circular flow. Trade balance or net export, NX, defined as