Having a budget will help account for expenses before they occur. This procedure is put in place to have key performing indicators to company’s overall revenues and expenses.
The annual operating budget of the Organization is our statement of planned operating revenues and expenses for the fiscal year. Development of the annual operating budget shall occur during the strategic planning process.
The budget shall summarize estimated expenditures by source. Expenditure authority is granted to the Chief Executive upon Board approval of the Budget.
Budgeting at your organization is a continuous process that is carried out at all levels of management.
The Chief Financial Officer (Gonzalez & Company) is responsible for developing the budgeting policies and procedures. The Chief executive (you) is responsible for initiating the preparations of the annual budget during the strategic planning process. They are also responsible for managing the budgeting process ensuring adoption by the Board.
The annual budget shall be organized by the following:
The following expense groups shall be included in the annual budget:
Consulting and Professional Fees
Budgeting is critical to the growth of your company. That’s why Gonzalez & Company implement these procedure to keep your growth continues.