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• Explain the importance of having a financial contingency plan and the negative effects of not having one.
• Explain how sources of temporary funding help in contingency planning.
• Explain the costs of catastrophic events on organizations and how public agencies calculate the costs that are associated with catastrophic events.
• Distinguish between governmental activities and business-type activities.
• Explain the circumstances that require deferred revenues of governmental funds to be reduced or eliminated to derive the governmental-wide information.
Format your paper consistent with APA 6.0 guidelines:
•I nclude a Reference Page
• Research reference citations
• Quotation marks for cited quotes
• Must have Conclusion
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