Part A 

Respond in a minimum of 175 words for each question:

What role does financial statement analysis play in assessing fiscal health for long-term operational planning? What is an example of a financial statement that is most helpful in determining the fiscal health of an agency, and why?

How might a financial condition analysis impact an agencyàability to meet its financial obligations? Provide an example of when a state or local government agency could not meet its financial obligations.

• Part B 
• Exam Content

A chief financial officer (CFO) is responsible for overall financial management in justice or security. He or she oversees disbursements and accountability processes, as well as operational planning, budgeting, and analysis.

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.