Budget reduction plan template full#

Revenue estimates are made by averaging data points from a dataset of historical revenue information.Įstimates future revenue based on a relationship between the actual revenues for past years and their comparable forecast estimates. This model uses the break-even point, the point at which revenue received equals the costs associated with receiving the revenue, to assess the cost-effectiveness of government programs, as well as to structure fees and rate schedules.

Budget reduction plan template full#

If so, the chair or full committee may be involved with the budget request which they oversee along with the department head. Some cities operate with council committees responsible for the oversight of assigned departments within the city. Standard Costs – Estimated cost of supplies for one employee multiplied by the number of employees.Internal Service Funds – City predetermines the cost of support activities and sets aside that money each year for all departments.An incremental approach based on costs from recent years with small changes.These budget requests may be determined using several different methods including: Capital outlays include equipment or other tangible property that a department needs to purchase which exceeds a given dollar amount and expected lifetime. Operating expenses are the costs for everyday operations within the department and include all costs related to the provision of service and supplies. If a department head anticipates hiring for new positions, a justification should be provided for the additional employees and the salary for those positions. Personnel requests include the salaries, benefits, and any other costs related to current or expected new employees.

Departmental budgets from previous yearsĭepartmental budget proposals should include requests for personnel, operations, and capital needs for the upcoming year.

Year to date expenditures for each department.

Deadlines for all steps in the budgeting process.

Instructions for submitting budget requests for the next fiscal year.

This can be accomplished through a meeting or workshop where the budget officer provides department heads with: Several months before the beginning of the next fiscal year, the budget officer notifies department heads of all requirements for the upcoming budget process. This section describes the steps that are commonly taken in most Georgia cities in the development of the budget. Likewise, the document produced by each city will vary in appearance and complexity. As stated earlier, each city has a slightly different approach to developing the budget document. Now that the roles of all players in the budget process have been described, the next section of this guide will focus on explaining basic steps in the process.

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