The City of Oklahoma's mission is to demonstrate commitment and leadership in terms of managing its resources in an efficient manner. It focuses on providing a safe, clean and affordable City. Moreover, it aims at maintaining its infrastructure by enhancing proper stewardship of infrastructure and public assets. In addition, it promotes employment opportunities as well as implementing forces that ensure that individuals and businesses succeed. However, the efforts that the city employs can only be made possible through proper planning of its finances. This paper will therefore discuss the budget analysis of Oklahoma City by forecasting salaries, estimating the revenues and preparing a capital budget so that the city can realize its goal of providing efficient leadership and commitment to the usage of its resources. .
1. Agencies compensation for employees.
The payroll employment in the US is estimated to lie below the peak that it had realized before the onset of the recession. The rate of employment has been slow in recovering the losses that had been realized during the time that the recession hit the US economy. For example, the payroll was observed to rise by 1.1 percent in 2011 and 1.1 percent in 2012 (OKC, 2012). These rates illustrate a growth in the labor force thus illustrating that the unemployment rate is still unaffected. .
2. Payroll forecast.
Research reveals that the US realized a significant growth in 2011 and 2013 and consequently in Oklahoma. In this perspective therefore, it is true that this type of growth will lead to an increase in the overall employment of people in the region as well as raise the benefits that the employees receive while working in their organizations. Based on the 2 percent, 4 percent and 5 percent pay increase, it is expected that the level of spending of consumers in the city will go up. This will therefore lead to a rise in the prices of goods and services in the region since inflation will star rising.
