Budget Cycle
In an evaluation, discuss the assessment of the value of the budget cycle and the value of budgetary techniques. see the attached directions with a template/outline to follow. The books and articles are also attached. Ensure the books are referenced as well as the Bible for the Biblical integration and cite the attached articles used.
Discussion Assignment Instructions
The student will post one thread of at least 750 words For each thread, students must support their assertions using scholarly and/or Biblical citations in APA format. Each reply must scholarly and/or Biblical citation in APA format. Any sources cited must have been published within the last five years.
Thread Outline – Use bolded statements as headings in your thread.
I. Assessment of the Value of the Budget Cycle, as indicated below
Revenue Estimation performed in the executive branch by the finance director, clerk’s office, budget director, manager, or a team.
Budget Formulation reflecting on the past, set goals for the future and reconcile the difference.
Budget Hearings can include departments, sections, the executive, and the public to discuss changes in the budget.
Budget Adoption final approval by the legislative body.
Budget Execution amending the budget as the fiscal year progresses.
II. Assessment of the Value of Budgetary Planning Techniques
Trend Analysis-examining short- and long-term revenues and expenditures over time
Driver-Based Planning-examining short- and long-term revenues and expenditures driven by and important determinants, such as revenues generated, overall objectives, and number of residents.
Financial Modeling- takes driver-based planning one step further and uses equations to support the planning process.
Forecasting -Regression based simple, multiple, linear and nonlinear extrapolation
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