Making budget decisions in organizations

 

Discuss who is involved in making budget decisions in organizations. Based on the notes below, submit a 2 page paper that details creating a strategic approach to budgeting decisions. You can consider a specific organization that is the basis for your approach and please indicate the organization you are focusing on and if it is a public or private company.

NOTES:

Preparing a Budget Proposal (6) April 23, 2020, A & F Committee Meeting. Final revenue Projections sub-mitted to Mayor and Audit & Finance Committee. Mayor and Committee discuss budgetary emphasis and priorities, and agree on strategy to handle revenue shortfalls, request overruns, etc. (7) May 7, 2020, MRA/LGEAF Budget Hearings held as required by state law. (8) May 21, 2020, Mayor’s Budget and Budget Message presented to Council. Mayor usually delivers his proposed budget at a special called meeting late in the month. (9) June 4, 2020, First Reading of the FY 21 Budget Ordinance. (10) June 18, 2020, Second Reading of FY 21 Budget Ordinance. (11) June 20–30, 2020, Publication of FY 21 Budget Ordinance.

THE BUDGET GAME Making budgeting decisions can be a very complicated process given the number of individuals involved and their ideas and goals. In an executive budgeting system, the chief executive plays the major role in the budgeting process. That is, he/she initiates the process. However, there are several others involved in the process as well, including the budget office, legislature, and agency directors. In addition, there are some non-governmental actors that can play a role in the process such as interests’ groups and individuals (Rubin 2010). All governments however do not use an executive budgeting system. County governments tend to have administrators, auditors, or someone in the legislative branch prepare the budget. Some states have legislative budget offices that expend enormous amounts of energy and paperwork on the budget.

 

Sample Solution

The extent of issues tended to in this book, is most certainly more huge than in The Incomparable Disparity, composed by Kenneth Pomeranz. It was one of the primary scholarly distributions that planned to answer why the Modern Upset happened in Extraordinary England and not China (Anderson). In meaning to address the extraordinary uniqueness all around the world, this distribution goes above and beyond. In any case, Worldwide Financial History appears to get from the center, tending to the extraordinary dissimilarity as a peculiarity that has just existed in the post 1500s time. A few peers, including the creator of Firearms, Microorganisms and Steel — Jared Jewel — address differences existing far before present day civilisations (Tomlinson), a point Allen neglected to suggest. Since we get in the center, there is almost no clarification with respect to how we showed up at the circumstances that represented the worldwide state then, at that point.

Robert Allen makes a momentous showing of clearing up his course of thought for his perusers. He utilizes liquid language and utilizes models that take apart complex financial ideas that are not piece of everyday talk. Both, this book and its substance is effectively open to a wide crowd, independent of their instructive foundation. What is especially striking, is the equilibrium he makes between giving exact information, and utilizing instinct to make sense of the very powerful monetary environment throughout the long term.

Portraying the story of worldwide financial history with such scarcity of room (it is intended to be brief, all things considered), is no simple accomplishment, yet Allen ascends to the test. He not just makes sense of why he trusts innovation, supported by strategy, has brought about the monetary design we live in today but on the other hand is to a great extent effective in conveying how different elements communicate in such a unique climate. Maybe, the story is so established in understanding a piece of history, that it neglects to drive the limits representing things to come further. On occasion, the book is by all accounts directed by speculations in reality as we know it where monetary abnormalities are the standard, leaving us with a few inquiries unsettled. It resembles a monetary course book, a thorough beginning stage for every one of those enthusiastic about investigating our financial past. It brings up a few issue, and pushes those with a curious psyche to look for these responses. What’s more, to accomplish that, it gives a substantial information establishment.

2019-3-30-1553964831

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