Why all of a sudden (??) are the schools and cities heading
for bankruptcy? We have weathered many, many recessions without the school city budgets getting to the point they are today.
Having been in the "sick company" turn around business, I would love to see the actual to budget for the last 5 years and I would also like to see the current year budget vs last years actuals.
I would then like to see a new budget proposal using the zero base budget approach (if it was a line item last year doesn't mean it is again this year unless it can be JUSTIFIED).
Then I would like to see the cash flow for those same periods.
And I mean line item by line item, not categories.
Until such time as governments approach the money and spending like we have to do ours at home....there will continue to be this problem of out of control spending.
And when they cut where do they cut? Right where the services affect you and me and the kids first....this way the emotion hits we the people and more money can be had.
Politicians will never EVER do the above....would you like to bet how many in administration understand revenues vs expenses vs profit/loss vs balance sheets? My estimate would be less than 10% of any organization you wanna mention.
And unfortunately that is not going to change....EVER!
btk
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