1 / 27

Budgets

Budgets. Budget vs. Pricing. Pricing 1 program Seasonal Drives budget Budget Multiple programs Fiscal year Deals with revenues & expenditures. Budget. Financial plan that outlines and forecasts the revenues and expenditures over a fiscal year. Some Terms. Fiscal year

wang-mcdonald
Télécharger la présentation

Budgets

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Budgets

  2. Budget vs. Pricing • Pricing • 1 program • Seasonal • Drives budget • Budget • Multiple programs • Fiscal year • Deals with revenues & expenditures

  3. Budget • Financial plan that outlines and forecasts the revenues and expenditures over a fiscal year

  4. Some Terms • Fiscal year • Allocated & expended monies…

  5. Some Terms • Budget cycle • Length of time required to prepare, administer & close out a single year budget

  6. Budget Cycle Fiscal Year 2010 Fiscal Year 2011 Fiscal Year 2012 • National Park Service – 21 month cycle • 2011 is in progress • 2012 is under congress review • 2013 preparation is beginning

  7. Why budget? • Prediction of resources • Prediction of a work schedule • Used to make decisions • Explains resource acquisition & expenditures to stakeholders • How goals are being met

  8. 2 types of budgets • Capital • Major purchases lasting 10+ years • Facilities, renovations, equipment • Developed independently of operating budgets • Arbitrary cut-off expense set • Covers 5-6 years (CIP) • Priorities are reviewed & shifted annually

  9. Normal Parks & Recreation Dept.

  10. Bloomington Parks & Recreation Dept. CIF = Capital Improvement Fund OSLAD = Open Space Lands Acquisition and Development TEA = Transportation Economic Assistance

  11. 2 types of budgets • Operating • Annual, routine activities • All revenues & expenditures for day to day operation

  12. Operating Budgets • Line item budgets • Object classification budgets • Program budgets • Performance budgets • Zero based budgets • Running budgets

  13. Line Item Budgets • Item • Specific item or object for which monies will need to be allocated • Postage, equipment • Line • Process of placing the items in a line so that all items appear on the budget sheet

  14. Line Item Budgets Process • List all revenues • Fees program 1 • Fees program 2 • Other sources • List all expenditures • Staff • Utilities • Office supplies • Determine costs of each item Does not divide by fixed & variable costs…but these are still used in pricing.

  15. $1127/ $1130

  16. Line Item Budgets • Advantages • Flexibility • Add/delete items as needed • No coding system • Easy to administer • Doesn’t require ee to conform to a single system

  17. Line Item Budgets • Disadvantages • Easy to forget items, thus no $ allocated • Confusion in comparing between departments • Used most often in an informal situation

  18. OCB • Most common form of budget, similar to line item budgets • Object - item for financial cost • Salaries, phone bills • Classification – uniform method of grouping the objects into certain categories & subcategories • Personnel, Contractual services, Commodities • See handout

  19. Example Classification Expenditure Classification by Object 2000: Services: Contractual 2100 Communication & Transportation 2110 Postage 2120 Telephone 2300 Printing, Binding, Advertising 2350 Advertising & Publication Notice Classifications Sub classifications Objects

  20. Advantages to OCB • Uniform & standardized • Categories are provided • Easy to set-up • Can compare line items across areas

  21. Disadvantages to OCB • May not be as flexible as needed • May not be able to find the category needed • Requires a lot of detailed cost estimates • Multiple items in a category • Repair to buildings • Advertising

  22. Making Purchases • Charge account • Petty cash • Procurement card • PO….

  23. Normal Amusements Address line 1 Address line 2 Purchase Order Date: _______________ PO #: 1234567 Vendor: ______________ Staff name: ___________ Requisition #: _________

More Related