Evaluating the budget process must begin with an organizational assessment. Only then can you effectively assess if funds are allocated towards fulfilling key organizational goals.
Budget process must begin with an organizational assessment
Evaluating the budget process must begin with an organizational assessment. Only then can you effectively assess if funds are allocated towards fulfilling key organizational goals. Develop a paper that provides a basic background portfolio on a specific organizational department or a local governmental entity of your choice. Be sure to include the following information:
Mission and vision statements
Goals and objectives
All revenue sources
Charges and fees
Budget lines and fund accounting principles
Clients and groups, or as they are also call ed “stakeholders” and interest groups; and Organizational charts of your selected department or governmental entity
Data may be collected through personal observations, employee handouts, government documents, non-government published materials, legislative hearings, and other official records. Conclude your paper with an evaluation of how your department or governmental body currently manages its budget within professional accounting and budgetary standards.
Support your paper with a minimum of five scholarly resources. In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included.
Length: 5-7 pages, not including title and reference pages.
What is budget evaluation?
- Firstly, Compare Actual vs. …
- Secondly, Assess New Income and Expenses.
- Thirdly, Review Your Financial Goals.
- Fourthly, Modify Your Budget to Meet Your Needs.
- Finally, Identify and Plug Budget Leaks.