Introducing
Your new presentation assistant.
Refine, enhance, and tailor your content, source relevant images, and edit visuals quicker than ever before.
Trending searches
Budget Process mind map
Budget Process mind map
The Budget Process
Conclusion
The budgeting process and documentation serve a number of useful functions for the human service organization.
4 Functions of the Budget
1. Clarification
The budget helps illustrate the goals of an organization. The budget is also part of the planning process when the agency makes continual changes throughout the life of the organization. The budget data is used to clarify fundamental ideas for the agency's board, staff, clients and the community at large.
-Kimberlyn Proctor
3. Communication
2. Coordination
The budget planning process aids human service agencies in the coordination of activities by highlighting any overlapping between various departments. This process is vital because the coordination of programs and departments helps the agency use their resources efficiently.
-Joslyn Ruffin
The budget aids in communicating the goals and objectives of an organization. Through annual reports, charts and brochures, the information in the budget, communicates the priorities and the planned direction of the agency over a period of time.
Ideas
Notes
4. Control
Budgets are also a way to monitor how the agency is fulfilling its fiscal and stewardship responsibilities.
Budgets are an effective tool that measures goal and objective implementation in an organization.
Ideas
Budgetary process and the documents it produces are determined by external funding sources.
Ideas
As a means of control, budgets are a political venture both inside the organization and outside of the organization.
-Meriem Monroe