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.