Another immense strength for VSUW is the high percentage of revenue that is invested in programs to help the community. According to VSUW (2013) “less than 10 percent [of revenue] is spent on administrative costs with 90 percent invested in local programs and initiatives” to help those in need in the community. Weaknesses In preparing financial statements often times management has to make estimates on the numbers (Valley of the Sun United Way, 2013). This is a weakness because the “actual results could differ from the estimates” (Valley of the Sun United Way, 2013). Another weakness is that this non-profit “invests excess cash in investment grade marketable solutions” (Valley of the Sun United Way, 2013).
First, it mentioned about the flows of the assets and the debts in the college projects and Public School system. The County’s net assets exceeded its liabilities at the close of the most recent fiscal year by $882.4 million. That amount is net of about $286 million unrestricted deficit. The deficit occurs because the County issues debt for the construction of schools which are owned by each county’s Public School System. The County also funded projects for the Howard Community College and for road intersection improvement.
Running head: MODULE 3 TAXATION AND DISTRIBUTION ESSAY Module 3 Taxation and Distribution Essay Jennifer Ponton Grand Canyon EDA 535 June 4, 2012 Module 3 Taxation and Distribution Essay Education in Iberia Parish is financed by local, state and federal funds. The total projected revenues for all fund sources for 2010-2011 school years are 174,400,000. The local funds used to support public education in Iberia Parish are provided by sales taxes and property taxes. Funds for the general operations of the school come from a 2.0 sales tax and 10.70 mills of property tax. Tax revenues also help to provide for salaries and other items assigned to the general funds.
As Bernadette’s AGI ($103,000) is less than $160,000, Bernadette qualifies for a $2,500 American Opportunity credit. The lifetime learning credit is available per taxpayer on the first $10,000 of qualifying tuition expenses. Accordingly, her tuition ($2,000) would qualify for the credit during 2011. Therefore, Bernadette’s maximum lifetime learning credit would be $400 (20% × $2,000) for 2011. However, the $400 maximum credit would have to be reduced by $20 since her $103,000 AGI exceeds the threshold level of $102,000 for married
It was considered the largest stimulus package administered by the United States Government since the New Deal 40 years ago.1 The package amounted to a staggering $789 billion, which is less then all of the previous totals the package was estimated to be. “The final bill includes $507 billion in spending programs and $282 billion in tax relief.”1 A major portion of the spending is is going towards tax cuts, the “public work projects,”1 and aiding states in medicaid expenses. Billions were eliminated from programs that are still part of the package, however helped to reduce the costliness of the bill such as providing incentives for home buyers, construction and renovation of schools, and the creation of fiscal stabilization funds for states.1 Although these programs are all important, the main goal of the government is to give a quick jolt to the economy in a cost efficient manner. With that said, the parties still agreed to sink $70 billion into assuring that middle class citizens are protected from paying the alternative minimum tax.1 This will be a break for middle class taxpayers, but “some Democrats decried the provision as a costly addition that would not lift the economy and that Congress would have approved, regardless of the recession.”1 However, besides that I am pleased to see that the package turned out to be less costly then originally proposed, and
This type of budget focuses on results, not budget input, and allows citizens to evaluate priorities versus the price they pay for services. ARRA’s Effects on Education in Michigan- Margaret Madigan • Unprecedented Federal funding, Education Stabilization Fund, $1.3 billion total • Most funding goes to Title I. Each school receiving Title I, Part A funds is required to have a school improvement plan-Schoolwide or Targeted Assistance • Examples of opportunities to misuse funds: economic pressures provide an excuse that won’t work, do it right the first time, or consequence to pay funds back School District Update- John Brooks, Glenda Rader, Gloria Suggitt • Because all three of them were speaking, they all went through the slides way too fast, sometimes even skipping some. There was an Accounting and Auditing Alert handout that was also passed out with the slides. I found that more interesting than the presentation.
Why EITC and CTC are so important for Low- Income Families. POL201 Instructor James Ronan June 10, 2014 I’m going to discuss two of the policies that have helped million come out of poverty. One policy is EITC and the other is CTC. They are both tax codes that may families can use to help with raising their children and helping with getting out of poverty. “The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little.” (President Franklin Delano Roosevelt) What great words from someone who understood what the American economy would be like in the future.
By the time tax day rolls around, many illegal immigrants “claim enough dependents that their income tax withholding is zero [and] file federal tax returns only to claim the Earned Income Credit—given to taxpayers with children even if they don't owe income taxes” (Miller). Robert Rector, a scholar at the Heritage Foundation, recently published a study entitled “The Fiscal Cost of Low-Skill Households to the American Taxpayer” in which he studies the economics of the 17.7 million American households made up of people without a high school degree. Rector decided to study the low-skilled households of America as it is estimated that about two-thirds of illegal immigrants fall into that category. Compare this to the fact that slightly less than 10% of native-born Americans fall into this same category and some fairly accurate information arises. Rector found that in 2004 low-skilled households received about $32,138 in benefits per household on average.
* Analysis Paper #3 This paper is to focus on one area of social welfare policy from your text (chapters 10-17). Your paper should provide; 1. historical content 2. judicial content 3. relate the policy to your locale and its implementation; identify the goals/services/eligibility requirements 4. provide data as to the interaction of the policy administratively/organizationally/economically This paper is limited to 8-10 pages, using APA format with a minimum of 5 references. When parents are incapable of caring for their children, foster care is frequently utilized to furnish alternative care. As an expansion of practice of boarding out children, most foster care in the United States is at no cost to parents, and children are allocated
Like all externalities, subsidizing education across the board will have positive, as well as negative side effects. Regardless of the increases in federal funding to elementary and secondary schools over decades, “the percentage of students who had completed high school within four years of entering ninth grade is 75 percent today, about the same as it was in the mid-1970s” (McCluskey, 2009) This proves that the ever increasing amounts of government funding to schools below the college level is mainly ineffective. “Congress has increased funding for the schools while imposing layers of rules and regulations on local school districts.” (McCluskey, 2009) According to the No Child Left Behind Act (NCLB) 2001, “by setting standards, measuring progress, and holding states accountable for their students’ achievement, states can ensure that no child lacks the basic skills needed to succeed in our increasingly competitive, global economy.” (U.S. Department of Education, 2009) Blanket regulations create many externalities, like unnecessary spending, and a reliance on standardized tests, which will only hurt a