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DEPARTMENTAL FISCAL IMPACT ANALYSIS FORM SECTION 1: GENERAL INFORMATION Expansion Request for the Renovation to Community Centers to meet CFD Standards in order to Agenda Item Title: provide recreational
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Departmental fiscal impact analysis is a process of evaluating the financial consequences of a proposed policy or regulation on a government department's budget and operations.
Government departments are required to file departmental fiscal impact analysis when proposing new policies or regulations that may have a financial impact.
To fill out departmental fiscal impact analysis, the department needs to assess the potential financial costs and benefits of the proposed policy or regulation, and provide a detailed analysis of its impact on the department's budget, resources, and operations.
The purpose of departmental fiscal impact analysis is to ensure that government departments thoroughly consider and understand the financial implications of their proposed policies or regulations before they are implemented.
Departmental fiscal impact analysis must include information on the estimated costs, savings, revenue changes, and resource requirements associated with the proposed policy or regulation. It should also consider potential risks and uncertainties.
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