Analysis of a Public Finance Program

Analysis of a Public Finance Program

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The Problem

Tampa city currently relies more on road based transportation service with M4 and M5 road categories being the major corridors that link the city to its population. The roads equally serve as channels for distribution. The available roads have already reached their maximum absorption capacity and they are characterized by heavy congestion and access constraints which have significantly affected the overall productivity and sustainability of the city. The problem is worsened by the fact that the port`s ability to clear containers is currently faster than the ability of the inland transport system to ferry the cargo to their respective destinations within the city. This has resulted in supply inefficiencies. Available indications suggest that if the inland transport problem is not addressed, then the city continued growth may be inhibited which will ultimately affect both the city`s economy and the national economy. As a result of this problem, the city mayor has initiated a road improvement program that will be implemented from the 2011/2012 financial year to 2015/2016 financial year. The budget for the first two years is presented below:

Transport project 2012 2013

22nd Street Improvements Phase 3 $0.00 $5,000.00

Armenia Ave at Busch Blvd Intersection Improvements $0.00 $5,000.00

Bermuda Boulevard Seawall $0.00 $5,000.00

Busch Boulevard Pedestrian/Signalization Improvements $0.00 $15,000.00

Commerce Park Boulevard at Freedom High School $0.00 $5,000.00

Complete Streets $5,000.00 $5,000.00

Cross Creek Widening, Phase II $0.00 $0.00

Cypress Street Improvements $0.00 $0.00

Dr. Martin Luther King, Jr. Boulevard at Lois Avenue $5,000.00 $5,000.00

Fowler Avenue at 50th Street Intersection Improvements $0.00 $0.00

Intelligent Transportation Systems $5,000.00 $5,000.00

Intersection Improvements $5,000.00 $0.00

North O'Brien Street Improvements $0.00 $15,000.00

Seawall Improvements $5,000.00 $5,000.00

Spruce Street Widening $0.00 $0.00

Traffic Signals $0.00 $5,000.00

West shore Blvd at Gandy Blvd Intersection $0.00 $0.00

Zack Street as a Promenade of the Arts $5,000.00 $5,000.00

Objectives and Evaluation Criteria

Before the specific project activities listed above were chosen, a thorough evaluation procedure was carried out to identify the activities that were to given priority. An initial analysis was done on the Surface Transport Program to identify priority projects that need improvement in the long run. Using the Tampa city transport analysis framework, criteria for determining the need for transport improvement was formulated. The results produced under the criteria alongside data related to the city`s traffic congestion, its connection to other regions and safety data.

Tampa City road Improvement Project

With its headquarters in Sunset Hills in the United States (U.S.), Tampa city road improvement Project was recently reported by Financial Times as one of the fastest growing companies in the restaurant industry. Tampa city road improvement Project operates as a Bakery café chain that specializes in the producing a number of brands including salads, bagels, sandwiches, hot Panini and soups. Founded on the eve of 1980s by Louis Kane, Ken Rosenthal and Ronald Shaich at Missouri, the company has grown rampantly to own 1493 units spread out in different locations both in the U.S. and Canada. The high numbers of business units currently employ over 5,000 employees who work on full time basis. Led by Ronald Shaich as the executive chairman and William Moreton, president and chief executive officer, Tampa city road improvement Project recorded a promising net income of U.S. dollar 67,400,000 as of 2008 end of financial period. The year 2008 closed with a total assets of U.S. dollar 674,000,000 and total equity of U.S. dollar 495,000,000. A couple of years back (2005); Tampa city road improvement Project was ranked number 37 by Business Week among the "hot growth companies". In particular, it was reported that Tampa city road improvement Project had remarkably earned U.S. dollar 38,600,000 which represented 42.9 percent increase in profits. Since its foundation, Tampa city road improvement Project has been employing expansion strategy to considerably increase its market share as well as improve its profitability performance. Tampa city road improvement Project merely trades its shares at NASDAQ using the trade name PNRA (NASDAQ, 2012).

Management Team

Tampa city road improvement Project is managed by a knowledgeable and experienced teamwork. At the top, the company is managed by Executive Chairman, Mr. Ronald Shaich. Mr. Ronald share almost equal responsibility with President and Chief Executive Officer, Mr. William Moreton. Tampa city road improvement Project Company has as well ensured that units located in different locations are supervised and monitored by experts who understand the market environment as well as the Tampa city road improvement Project production processes. To ensure Tampa city road improvement Project's entire operations are set toward achieving company's goals and objectives, Tampa city road improvement Project chose to set three committees that would oversee its operations. The committees comprise of audit committee, which prepares and audits financial statements to ensure all requirements and regulations governing the financial reports are followed as per GAAP. Compensation and stock option committee determines the compensation of executive officers as well as the cash and equity incentives. Finally, we have nominations and corporate governance committee, which is concerned with selection of individuals to the Board of Directors. Having a strong belief in good corporate governance, Tampa city road improvement Project management