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Model Map
The model map identifies the underlying hierarchical budget model structure and serves as a “home screen” allowing one-click navigation to all other screens simply by clicking on the flowchart symbol or building name.The base year budget data and other supporting financial known values are entered in the user-maintained Input Screen (see below) and user-changeable forecasting variables or assumptions are selected and modeled on the related Variables Screens.
Input Screen
The Input Screen contains the user-maintainable base year data. After selecting base budget year from the dropdown cells indicated by the blue font, the user simply enters revenue and expenditure budget amounts. Other entity financial data entered here includes beginning fund balances, current tax demographics, and five years of debt service projections.
Consolidated Funds Screen
The Consolidated Funds Screen displays a summary of all underlying financial assumptions and their impact. A target fund balance for each year by use of the dropdown cell as shown. The budget is then balanced with projected use of property or income taxes by pressing the button labeled Run Budget Scenario. This action is displayed on the next page .
Consolidated Funds Screen (continued)
The menu driven Run Budget Scenario balances the budget for the five-year period by applying either projected property or income taxes requirements and fund balance target amounts by use of a macro programmed goal seek scenario. This very powerful Excel function accurately calculates values needed to reach projected assumptions and economic known by the simple click of a mouse.
General Fund Summary
The General Fund Summary provides an at-a-glance of the General Fund five-year projections with an expanded categorical view.
Revenue Variables Screen
Projected changes in detailed categories of local, state, and federal revenues for each of the next five years are selected by use of the dropdown cells as shown.
Labor Variables Screen
The Labor Variables Screen allows for salary projection by labor group as well as associated benefit assumptions. Related state subsidies for staff benefits are automatically calculated based on these assumptions.The impact personnel activity such additional staff, savings from retirement incentives and attrition are projected by an average salary for each year’s additional or reduced positions.
Expenditure Variables Screen
The Expenditure Variables Screen incorporated the labor expenditures in summary and allows for the detailed selection of projected expenditure variables, fund transfers and budgetary reserves.
Financing Scenario (Generic)
The Financing Scenario Screen allows for the easy selection of anticipated project borrowing on a straight-line basis with an average interest rate and user selectable borrowing term. Values established on the amortization table are incorporated as debt service expenditures and projected taxation impact.
Sample Custom Financial Scenario
Fully interactive customized financing scenarios incorporating current detailed debt service and specifically structured future debt such as wrap-around are also available. For additional information on customization please contact The Hawk Group at: www.thehawkgroup.com or [email protected]
Capital Plan Summary Screen
The Capital Plan Summary Screen provides an at-a-glance overview of the five-year capital by facility supported by the detail as shown below. Clicking on the building name quickly accesses the specific facility screens.
Facility Specific Capital Projects Plan
Facility-specific needs for each of the next five years are user maintained on these series of screens. The user establishes the project description as shown and enters anticipated budget amounts for each year.
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