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District of Columbia
Analysis and Review of Fiscal Year 2011-2012 Budget and Comprehensive Annual Financial Statement (CAFR) with the Capital Town
Table of Contents
IntroductionвЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦3 Washington, G. C. OverviewвЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦... вЂ¦4 CAFR AnalysisвЂ¦. вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦. 6 Budget Analysis вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦. вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦... on the lookout for Budget Analysis - ____ вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦. eight Budget AnalysisвЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦... 9 CAFR & Finances ComparisonвЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦. вЂ¦вЂ¦.. 10 ConclusionвЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦. вЂ¦вЂ¦11 ReferencesвЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦вЂ¦. 12
The U. S. overall economy has had trouble over the last many years to recover in the financial crisis of 2007-2008 plus the global influence of that recession triggered which can be generally termed as the global economic downturn of 2009. As a global and nationwide economies developed Federal, Point out and local government authorities worked hard to be frugal and spend less where conceivable while still providing the required services and infrastructure to citizens. Over the last several quarters there has been expansion in several sectors of the economic climate and the positive effects of this progress have begun to show up in financial reports. Our economy as a whole is growing 2 . 7% in the third quarter of 2012 in line with the Bureau of Economic Research, U. S i9000. Department of Commerce and is showing good signs of recovery. The purpose of this review is to analyze if this expansion has started to positively affect the economy of Washington Deb. C. per the information found in the 2012 DC Budget and the 2011 Comprehensive Gross annual Financial Report (CAFR). Based upon my review and research of this details I will also give my opinion on what economic impacts I believe this may have within the city soon. This outlook will take into consideration the information provided by the budget and CAFR but actually will also include info from this yr that is not captured in possibly of these statement. Add 4 sentences.
Washington, D. C. - Guide
Washington, M. C. is the capital of United States and is also the special jurisdiction from the Federal government and so does not participate in any point out. В The centers of all 3 branches with the Federal governmentВ are in the Area, including the Our elected representatives, President, В and Supreme The courtroom. В Washington is home to many national monument and museums, that happen to be primarily positioned on or around the National Mall. The town hosts 176 foreign embassiesВ as well while the head office of many international organizations, operate unions, non-profit organizations, the lobby groups, and professional organizations. В
The city has an interesting history starting with it staying named after the first president George Washington. Oddly enough the first mayor of Wa, DC as well had the last name Buenos aires; his name was Walter Buenos aires and was in office from 1967-1979. The name of the city can be Washington and it's really equivalent guide as a state is the Section of Columbia. В Although they will encompass similar geographic region they are officially referred to as Wa the city and District of Columbia as being a state. В Washington, D. C. was created in July sixteen, 1790 with land donated by the says of Maryland and Va. Congress came back the Virginia portion of the land in 1846 throughout the political develop to the city war giving the Area of Columbia the distinctive shape and territory that it remains today. The population with the city went through huge ups and downs getting to as high as 802, 178 in 1950 and recent time as low as 572, 059 in 2000. Since 2011 the District of Columbia had a population 617, 996. The Washington Metropolitan area is the 7th most significant in the country and includes and surrounding suburbs in Va and Maryland and has a population of 5. 6th million. В
The local governments activitites include general federal government, public protection, transit program, economic advancement, health...
Referrals: Washington, DC (2012) Complete Annual Economic Report, Yr Ended 2011 Retrieved Nov 29, 2012 from www.cfo.washingtodc.gov
Washington, POWER (2012) Financial Year 2012 Budget, Review by Organization Cluster Recovered November twenty nine, 2012 coming from www.cfo.dc.gov
The Atlantic (2012), Comeback Region Why the U. S. Economy is significantly Stronger than you Think, Gathered December 13, 2012 by www.theatlantic.com
Washington, DC (2012) U. H. Economy in a flash: Perspective from the BEA Accounts Retrieved December 14, 2012 from www.bea.gov
Governmental Accounting Specifications Board. (2012) www.gasb.org