Examine the Budget Process 

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Week 1 Assignment: Examine the Budget Process 

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 basic background portfolio on your specific organizational department or a local governmental entity of your choice 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 called      “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.