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Report related to "Public Budgeting" . - Case Study Example
Author : dickinsonzack
Finance & Accounting
Pages 6 (1506 words)
CASE STUDY REPORT ON PUBLIC BUDGETING INTRODUCTION AND PURPOSE: Budget planning and preparation is an integral part of any organization. It is a quantitative concept which is framed for a certain period of time. It is a representation of strategic planning by an organization or business unit…
It serves as a policy guide, management tool, legal document (after the approval of the board) and a financial control instrument towards the organization. So budgeting is basically a mechanism for setting goals and objectives and allocating resources to achieve those objectives. IN other words it can be described as “thoughtful strategic planning process” (Lee, Johnson & Joyce, 2008, pp. 1-8). The report is a snapshot regarding the public budgeting details of a nonprofit organization of United States named as the Human Society of the United States. The report tells about the Budgeting cycle, budgeting policy, and budgeting documents. In the report the budget for the Finance Department has been taken into account. It gives a synopsis of the purpose and goal, revenue and expenditure, planning and activities of the finance department of the Human Society during 2012-2011 and the major changes in policy and accomplishments. MAJOR APPROPIATION AND CHANGES FROM PREVIOUS YEAR: The Human Society of Us is the nation’s largest organization for animal protection fighting for the rescue care and protection of animals. The organization distributes its entire budget of expenditure mainly for within two heads, firstly operational budget and secondly the supportive budget which supports the operational activities. ...