The City Of Branson s Fiscal Year Runs - 1680 Words

Budget Process Goals The City of Branson’s fiscal year runs January 1 through December 31. Typically, the budget preparation process begins in mid-July when budget documents and instructions are distributed by the Finance Department to the each city department. The various departments have approximately three weeks to assess any budget goals, capital and personnel requests, and to complete projections for the current fiscal year. By mid-August, the Finance Department completes a preliminary review of the departments’ budget, personnel and capital requests. The City Administrator then meets with the Finance Director to review any requests, and schedules one-on-one meetings with each department head. As the first organization in Missouri to implement Priority Based Budgeting, prior to their administrative review each department head is encouraged to perform a review of programs offered by their department and to establish what programs are not meeting the results identified by the board. The purpose of this process is to allow for reallocation of resources to programs that are determined to need more funding, in place of simply incrementally increasing the departmental line item budget. Aside from simply eliminating the programs that are not achieving desired results, the directors are encouraged to develop solutions to how the identified programs may perform more efficiently. Examples include identifying programs that may be: Mandated for the city to provide, but thatShow MoreRelatedImpact Of Globalization On The Airline Industry2262 Words   |  10 Pagesexchange. Globalisation has increased the production of goods and services. 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