8/3/2023 0 Comments Local government budgetThe output of the budget process is determined based on the available revenues and approved allocation of these revenues to pay for projected departmental services for the coming fiscal year. Available funds are allocated to finance the public services provided by the departments in a local government, as well as its approved capital projects, for the coming fiscal year. This process is in the best interest of everyone-residents, their elected officials, as well as the employees of a public organization. The budget preparation process includes four typical steps followed by public officials, both elected and appointed. These steps include administrative preparation, legislative approval, financial implementation, and annual year-end accounting and financial reporting, which is usually performed by an independent outside auditor. Read "A New Framework for Budgeting: Involving Customer Service, Innovation, and Employee Engagement in the Process" » 2. ![]() The services provided by a public organization are based on the available revenues from all sources as approved in its annual budget, which is a result of the annual budget development process that is explained below. This includes available revenues to finance public services for the coming fiscal year. A local government's revenues typically include non-restricted funds, restricted funds, and other possible funding sources as allocated and approved by its elected officials. It could be that local government managers think of this systems approach in terms of piecemeal parts, when in fact they are all related to the development, approval, implementation, and feedback processes.Ī public organization is viewed as an open system that includes six basic sub-systems, which are highlighted and explained here as they relate to the annual budget process: 1. In my experience as both a local government manager and adviser, I have found the best way to understand a local government’s annual budget process is by using the systems approach to management. This approach recognizes the interdependence of all major activities within an organization, especially public ones like local governments.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |