Find an existing budget from a published source. Detail should be extensive enough to present a challenge.A. Using the existing budget, create a new budget for the next fiscal year. Set out the details of all the assumptions you needed in order to build this budget.B. Use the “Checklist for Building a Budget” (Exhibit 15-2) and critique your own effort.C. Use the “Checklist for Reviewing a Budget” (Exhibit 15-1) and critique the existing budget.B. Checklist for Building a Budget:1) What is the proposed volume for the new budget period?2) What is the appropriate inflow (revenues) and outflow (cost of services delivered) relationship?3) What will the appropriate dollar cost be (note: this Q requires a series of assumptions about the nature of the operation for the new budget period)3a) Forecast service-related workload3b) Forecast non-service related workload3c) Forecast special project workload if applicable 3d) Coordinate assumptions for proportionate share of interdepartmental projects4) Will additional resources be available?5) Will this budget accomplish the appropriate managerial objectives for the organization?C. Checklist for Reviewing a Budget:1) Is this budget static (not adjusted for volume) or flexible (adjusted for volume during the year)?2) Are the figures designated as fixed or variable?3) Is the budget for a defined unit of authority?4) Are the line items within the budget all expenses (and revenues, if applicable) that are controllable by the manager?5) Is the format of the budget comparable with that of previous periods so that several reports over time can be compared if so desired?6) Are actual and budget for the same period?7) Are the figures annualized?8) Test one line-item calculation. Is the math for the dollar difference computed correctly? Is the percentage properly computed based on a percentage of the budget figure?Submit your budget, with a copy of the budget you used as a resource, and your answers to the two checklists. Please use complete sentences and proper grammar/punctuation in your solutions. Please answer ALL of the questions in a comprehensive manner. I will only accept meticulous work. I WILL DENY/REJECT ANY INCOMPLETE OR SLOPPY ANSWERS. Please message me if you have any questions. Thanks.