3. • Budget is a operational plan, for a
definite period usually a year.
Expressed in financial terms and
based on expected income and
expenditure.
4. • Budget supplies the mechanism for translating
fiscal object into projected monthly spending
program.
• Budgets enhance fiscal planning and decision
making.
• Budgets clearly recognize controllable and
uncontrollable areas.
5. • Budget offer a useful format for communication
fiscal objectives.
• Budget allows feedback of utilisation of budget.
• Budget help to identify problem areas and
facilities effective solution.
• Budget provide mean for measuring and
recording financial success with the objective of
the organizations.
6.
7.
8. • Most budgets are developed for a 1
year period. But a perceptual budget
may be done on a continual basis
each month so that 12 month of
future budget data are always
available.
9.
10. Some manager artificially inflates their
department budgets as a cushion against
budget cut from high level of
administration. If several departments
partake in this unsound practice, the
entire institutional budget may be
ineffective. Top level managers must
watch for and correct unrealistic budget
protection before they are implemented.
11.
12. Most units can aspect some changes
from the anticipated budget, but
large deviations must be examined
for possible causes and remedial
action taken if necessary.
13. • www.google.com
• Bessie L. Marquis, Carol J. Huston, Leadership
And Management, 4th
edition 2003, Lippincott
Williams & Wilkins.
• BT Basavanthappa, Nursing Administration, 1st
edition 2008, JaypeeBrothers.
