Budget Process Memo Financial analysts guide governments and security entities in decisions about the budgeting process. Imagine you are a financial analyst for your home state or your local (municipal or county) budget office. STEP 1: Write a 175- to 350-word memo to a new incoming group of legislators to describe the budget process. STEP 2: Include the following in your memo: -A description of the steps of the budget process, including when the fiscal year begins and ends -The timeline and key milestones of the budget process, from budget submission by agencies/departments to the final budget For those unfamiliar with the styling of business memorandums, you may visit this resource for a sample Memorandum . .