1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nataly [62]
3 years ago
14

List the four (4) phases of the state budget process. (Site 1)

History
1 answer:
Katena32 [7]3 years ago
5 0

Answer:

Prepare Your Budget

The first step of the budget process is to create it. Done right, this process starts with careful thought at the ground level. How much income is needed and what new initiatives can be started should be considered.

As the small-business owner, your leadership and vision will guide what’s included and what's excluded from the budget. You’ll consider anticipated revenues; expenses for employee wages, operations and materials; and costs for any improvements you plan to make to your company.

Get Your Budget Approved

While the political budgeting process is a bit messy, one of its underlying principles is very meaningful for your business. Budgets aren't approved on a yes or no basis. Instead, they're the subject of debate.

While, at times, the political process can distort budgetary priorities, businesses don't have to fall prey to that problem. Instead, the approval process can be an opportunity for you to step back and take another view of how your company is spending its funds.

Most small-business owners handle all four phases of their budget’s cycle themselves. This is fine but don’t do it in a vacuum. Have your accountant or a trusted peer look at it before you stamp it “Approved.”

Execute Your Budget

Once a budget is approved, it’s time to implement it. Unlike the federal government, business owners like you can’t impound funds to prevent wasteful spending. But you can adjust your your business tactics to handle increases in spending or lower than expected revenues.

Most of the time money comes in and goes out in accordance with the budget. A good budget isn't a limitation on what your company can spend. It's a financial embodiment of your company's strategy and tactics for the year.

<u>Evaluate Your Budget Regularly</u>

Even the best planned budget should be reevaluated from time to time and, if need be, revised. Changes in revenue, adjustments to costs and new information about your customer base are examples of things that may require budget revisions.

The government audits and evaluates spending to ensure that money is being spent lawfully. But ongoing evaluation of your business’ budget requires a wider lens. You’ll want to keep an eye on how effectively money is being spent. But what really matters in business is whether you’re operating at a profit.

Think of your business’ budget as a living document that can help you define your goals. The four phases of a budget cycle provide the framework for achieving those goals.

Explanation:

You might be interested in
How and why did the early peoples come to the Americas
Aleks [24]

Answer:Many thousands of years ago, not a single human being lived in the Americas.

This only changed during the last Ice Age. It was a time when most of North America was covered with a thick sheet of ice, which made the Americas difficult to inhabit.

But at some point during this time, adventurous humans started their journey into a new world.

They probably came on foot from Siberia across the Bering Land Bridge, which existed between Alaska and Eurasia from the end of the last Ice Age until about 10,000 years ago. The area is now submerged by water.

There is still debate about when these first Americans actually arrived and where they came from. But we are now getting closer to uncovering the original narrative, and finding out who these first Americans really were.

Explanation:

7 0
3 years ago
Read 2 more answers
Langston Hughes grew up poor and black during the time of segregation. He and his friends and neighbors longed for material item
dedylja [7]

This question is about "Thank You, M'am"

Answer and Explanation:

1. It is likely that by living in a community that was experiencing financial difficulties and having many friends who could not get what they wanted, Hughes met someone like Roger, who had to steal if he wanted to achieve his desires. However, it is likely that he met kind and charitable people like Mrs. Jones, too.

2. It may be that Hughes was inspired by someone from his own family to create Mrs. Jones. His grandmother may have been that inspiration, since the author saw her as an admirable and very kind woman to those in need.

7 0
3 years ago
To gain a better understanding of Alice's current
SSSSS [86.1K]
Reread earlier text
8 0
2 years ago
What characteristics about the Asian American population of Texas make it difficult to draw conclusions about the population
NISA [10]

Texas Asian Americans make up a small part of the state's population and are made up of individuals of different nationalities.

<h3 /><h3>What is a multicultural society?</h3>

It occurs when there are several cultural groups living in the same place. It has intensified with globalization, with people seeking to settle in countries and cities different from their origin in search of new opportunities.

Therefore, in a multicultural society it can be difficult to draw conclusions about a specific group, such as Asian Americans, but it is possible to perceive its influence on the culture and society.

Find out more about multicultural society here:

brainly.com/question/25945210

5 0
2 years ago
which teachings of Judaism most likely helped it appeal to followers?? [;ease give me the right answer fast !!!
jek_recluse [69]
<span>The teachings of Judaism that most likely helped it appeal to followers is that </span>Judaism is a monotheistic religion that provides justice through the law and encourages a belief in the goodness of creation. 

<span>Hope my answer would be a great help for you.    
If </span>you have more questions feel free to ask here at Brainly.

<span> </span>

8 0
3 years ago
Other questions:
  • Which of the following is NOT one of the achievements reached during Persian rule?
    13·2 answers
  • What is the concept of our government system called
    13·1 answer
  • Whitman describes the winds of war as ruthless, shrill, quick, heavy, wild, terrible, and loud. This word choice creates
    5·1 answer
  • According to google ten things it is google mission to give access to information for?
    5·2 answers
  • It says to tell me about the Boston massacre and i dont know it
    7·1 answer
  • Standing your ground is primarily about protecting an individual from criminal charges true or False
    13·1 answer
  • 10. When did whale ancestors begin living full time in the water?
    13·2 answers
  • Which region had the richest soil and a modest climate, leading to the growth of tobacco, rice, and indigo? the northern colonie
    14·1 answer
  • In 3 to 4 sentences, summarize the key features of the Jewish Law.
    12·1 answer
  • Which mythology contributes to Arthurian mythology?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!