Budgeting
A major element of financial data activity rests in budgeting. Budgeting is the process of allocating finite resources to the prioritized needs of an organization. In most cases, for a governmental entity, the budget represents the legal authority to spend money. Adoption of a budget in the public sector implies that a set of decisions has been made by the governing board and administrators that matches a government’s resources with the entity’s needs.
Budgeting, Forecasting, Strategic Plans Series
This Budgeting series is geared toward non-accountant personnel with the purpose of creating an understanding of the basics of Budgeting and how budgets relate to the use of Forecasting and Strategic Planning. It is useful at all levels and for those wanting to increase or refresh their budgeting knowledge.