Budget Impacts
I.C. Knott, the Executive Director of CRAC has tendered her resignation from the Commission after confidential sources leaked that she failed to disclose her partial ownership in a company that manufactures cryonic burial equipment and the mortgage on I.C.'s house is held by the Freon Bank. The Freon Bank's largest depositor and consumer of financial and investment services, is CryBur and I.C. is in default on her mortgage payment. I.C. has stated that she was not the only CRAC Commissioner with undeclared conflicts of interest and has vowed to expose other commission members.
Considering this development, what are some of the possible impacts to the budget you submitted? Will this impact require any modifications to the budget? Clarify the possible issues that can arise from this situation, and prepare a memo, no more than a single page in length to the Interim Executive Director of CRAC (who just so happens to have the same name as your instructor!) describing potential impacts to the budget.
Directions
- In addition to fulfilling the specifics of the assignment, a successful paper must also meet the following criteria:
- Include a cover page and references page in 10-12 point font (Arial, Courier, and Times New Roman are acceptable)
- Viewpoint and purpose should be clearly established and sustained
- Assignment should follow the conventions of Standard American English (correct grammar, punctuation, etc.)
- Writing should be well ordered, logical, and unified, as well as original and insightful
- Your work should display superior content, organization, style, and mechanics
- Appropriate citation style should be followed.
You should also make sure to:
- Include a title page with full name, class name, section number, and date
- Include an introductory and concluding paragraph and demonstrate college-level communication through the composition of original materials in Standard American English
- Use examples to support your discussion
- Cite all sources on a separate reference page at the end of your paper and cited within the body of your paper using APA format.