Maximize company profits

Allocate public resources and establish financial priorities

Eliminate all government debt

Increase employee salaries only

Statement of Activities

Balance Sheet

Statement of Cash Flows

Budget Report

Increase borrowing every year

Manage borrowing costs and financial risks

Eliminate taxation

Reduce government services

Corporate junk bonds

U.S. Treasury securities

Common stocks

Speculative bonds

Prevent and detect errors and fraud

Increase operating expenses

Eliminate financial reporting

Replace external audits

Guarantee one supplier receives the contract

Promote fairness, competition, and value for money

Avoid documenting purchases

Eliminate vendor evaluation

Only employee salaries

Potential threats and their likelihood and impact

Only annual revenue

Future tax rates with certainty