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.
