in at least a 750-word evaluation, assess (1) the Value of the Budget Cycle to the Budgeting Process and (2) the Value of Budgetary Planning Techniques to the Budgeting Process. 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.
The quotes should be complete sentences (no more, less) and should be incorporate-d in your essay to illustrate your ideas. Please, cite your sources in a clickable reference list at the end. Also, do not copy without providing proper attribution (quotation marks and in-line citations). Also, write an essay format, not in bullet form, numbering, or another list format. It would be best if you use your own words. Lastly, proofread your work and run it through Grammarly for thorough confirmation.