The CFO for a criminal justice or private security agency

Imagine you are the CFO of a criminal justice or private security agency. You are tasked with developing and presenting an operating budget proposal to your agency director. Your starting point for the operating budget is the current year. You will then build an operating budget for the next year. Select a state or local criminal justice or security agency. Research the most recent budget for that agency. Use the resource at the end of the assignment as an example of an operating budget and how to search for one online. Write a 525- to 700-word budget proposal that contains operating expenses and revenue. Include the following in your proposal: Your total budget. This can increase or decrease by 5 percent. The total for your operating budget and special line items. If you include the special line items, they must equal the total of all your revenue sources, which is called a balanced budget. There should be no deficit or surplus budgeting. Increase or decrease any expenditure or fund source you like. Any increase or decrease should be related to the issues you list in your summary. Base your budget adjustments and issues on actual concerns your state or local jurisdiction is experiencing. Insert a table in the budget recommendation that includes columns for the current year (your starting point) and the next year (your recommendation). The table is not part of the summary word count.

Sample Solution

Operating Budget Proposal: Eldoret Private Security Services - Fiscal Year 2026

To: Agency Director

From: Chief Financial Officer

Date: March 17, 2025

Subject: Operating Budget Proposal for Fiscal Year 2026

This document presents the proposed operating budget for Eldoret Private Security Services for Fiscal Year 2026. Our starting point is the current fiscal year (2025) budget, and this proposal reflects a strategic allocation of resources to address anticipated challenges and opportunities within the Eldoret security landscape.

Over the past year, Eldoret has experienced a notable increase in demand for private security services, driven by factors such as the growth of commercial enterprises, expansion of residential areas, and a heightened awareness of security risks. This trend presents both opportunities for growth and challenges in terms of resource management and service delivery. Furthermore, rising fuel costs and the need to invest in updated technology to maintain a competitive edge are key considerations for the upcoming fiscal year.

Full Answer Section

This proposed budget aims to build upon our existing strengths while strategically addressing these evolving needs. We are recommending a total budget of KES 52,500,000 for Fiscal Year 2026, representing a 5% increase from the current year's budget of KES 50,000,000. This increase is deemed necessary to accommodate the anticipated growth in service demand and to invest in critical areas that will enhance our operational efficiency and service quality.

The proposed operating budget and special line items are detailed in the table below. The special line items are strategically aligned with anticipated revenue streams to ensure a balanced budget.

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