ANSWERS ONLY NEED TO BE ONE TO TWO PARAGRAPHS; ENOUGH TO EXPLAIN ANSWERS.

Watch the video titled “Variance Analysis”, (7 min 27 s), located at http://www.youtube.com/watch?v=NFu2iqmCnX4. Be prepared to discuss.

DISCUSSION 1

“Allocation and Allotments” Please respond to the following:

• Examine and evaluate the disparity of your state’s budget allocation for education and property tax to the various localities.
• Based on your assessment, challenge or defend the equity of the system across the various localities.

DISCUSSION 2

“Variance Analysis” Please respond to the following:

• Recommend at least two strategies a budget analyst can apply to ensure that the budget is performing according to the established performance indicators. Justify your response.
• From the e-Activity on “Variance Analysis” propose at least two actions a budget analyst can take to avoid assumptions in budget items to avoid overlooking favorable or adverse line items in the budget. Provide examples to justify your response.