A committee responsible for overseeing and managing the budgetary control process within an organization, including the preparation, scrutiny, and submission of budgets for approval.
A budget director is responsible for the administration of the budgetary control process within an organization. They coordinate the flow of information between budget centers, the budget committee, and the board of directors.
A detailed manual outlining the administrative procedures and operations for the effective management of a budgetary control system, including the roles and responsibilities of the budget committee and budget centers, timetable for budget preparation, and procedures for budget revision.
A departmental budget is a financial plan that allocates resources to a specific department within an organization, accounting for its expected revenues, costs, and expenditures over a defined period.
