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Revenue and Expenditure Forecasting Are particular processes identified in the Budget or CAFR documents? Do they use historical data or future economic indicators or both? Do they reference any particular City policies or governing body guidance? What is the role of reserve funds and how does your city budget for reserves? Post 2-3 paragraphs on the citys forecasting methods, citing evidence to support your observations.
What are the major sources of revenue for the city and why? Identify the top 5 sources, citing your evidence. Discuss how city revenues are diversified or constrained. Does the city rely on one major tax or does it rely on multiple sources of revenue? What advantages or disadvantages do you see on this citys dependence on those revenues?
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