BUDGET

design
reduce
DEVELOPING
BUDGET
MARIA SHIELA L.
LOZADA
 budget
-Is a systematic method of allocating financial,
physical, and human resources to achieve
strategic goals.
-Companies develop budgets in order to
monitor progress toward their goals, help
control spending, and predict cash flow and
profit.
 -Is the translation of programs, projects
and activities into their resource
requirements which are expressed in
monetary financial terms.
budgeting -It allocates resources to specific
actions deemed necessary to achieve
predetermined objectives.
-Additionally, a time element is
introduced within which resources are
made available and activities are to be
carried out.
STEPS ON BUDGETING
PROCESS

STEP 1
Identification of programs, projects and
activities to be implemented during the budget
period. These are largely drawn from the
planning process wherein specific
interventions are formulated to respond to
problems and issues and/or to attain specific
targets.
STEPS ON BUDGETING
PROCESS

STEP 2
Identification of resources – manpower,
financial, physical and other resources
required to carry out the programs, projects,
and activities and the quantities for each
resource.
STEPS ON BUDGETING
PROCESS

STEP 3
Costing of resources which would translate
the resource requirements into their monetary
values.
STEPS ON BUDGETING
PROCESS

STEP 4
Preparation of the budget in accordance with
the mandated form and content spelled out in
guidelines issued for this purpose.
STEPS ON BUDGETING
PROCESS

STEP 5
Securing official authorization to allocate and
use resources.
THANK YOU!