The City Budget Expenditures Records consists of Los Angeles’s spending from the year 2012 up until 2015. There are a total of 16,001 records made since 2012 with the expenses ranging from $90.00 to $1,000,000,000.00.
Each record consists of an expenditure, including year spent, exact amount, department name, and 13 more categories. Wallack and Srinivasan’s belief that an ontology informs its community and allows individuals to work as a group. In this case, the transparency of the city’s expenditure allows individuals to account for the city’s budget and to prevent theft and corruption.
The city’s finance and treasury department would find the data sheet most useful because they help keep the city’s budget in balance. The dataset logs in detail about where the city’s budget is put. It tells the public how much money was spent, if the project needed more funding, and which department spent the money.
However, there’s no information on why the money was spent and if the project was completed. It’s definitely better if the viewer knows why the money was spent and who was in charge of the project as to protect from fraud and overspending.
If we had to create a whole new budget sheet, the budget would include date, name, expenditure, location, reason why, expected done date, and total budget of the year. This would table would be geared toward the public more, categorizing the expenses into districts, and making sure it’s reasonable.