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Unformatted text preview: plans 3. Retrospectively: Communicate performance, effectiveness and efficiency 4. Compliance with GASB standards III. Budget Types 1. Capital budget 2. Current budget this is the one we use in our governmental accounting class 3. Cash receipts and disbursements budget 4. Prospective budget 3 to 5 year budget - this where the budget officers and budget analyst earn their keep. IV. Budget Types and Processes A. Types of current operating budgets 1. Object of expenditure 2. Zero-based budgeting 3. Performance budgets 4. Program budgets B. Budgeting processes 1. Timetables 2. Level of detail 3. Objective is to make the budgeting process efficient and effective V. Budgetary Reporting Related to General Financial Reporting in Chapter Nine 1. Original budget 2. Final or revised budget 3. Actual amounts 4. Difference or variance 5. Interim reporting until the actual final amounts are determined...
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- Spring '08