Implementation and Evaluation
Last week, you studied the mechanisms that public organizations use to raise revenues. This week, the topic shifts to budget execution.
Once budgets are approved by the appropriate legal entities within a public organization, it is time to begin implementation. A robust budget process should result in a feasible financial plan for operations controlled through economic classification with financial controls and reporting.
Effective public organizations use budget controls to ensure that funds are applied as intended. An annual public budget describes the activities and resources for a fiscal year; however, the implementation of the budget will require regular attention on a daily or weekly basis.
The budget process can also help to drive informed choices in program prioritization and application of resources to ongoing operations. An example of a budget process can be seen in the image below.
The Budget Process
Classification of the elements of public services helps managers track and monitor effectiveness. Operations flow from inputs, such as labor and supplies, to activities, the work that is done to achieve desired public outcomes.
Traditional budgets are organized by purchasing categories. Alternatively, administrators can employ alternative budget formats and systems, such as performance-based, program-based, zero-based, evidence-based, or participatory.
The assignment for this week asks that you take the role of a public administrator, proposing an annual budget process to your organization’s leadership.
Mikesell, J. L. (2018). Fiscal administration: Analysis and applications for the public sector (10th ed.). Boston, MA: Cengage Learning.
Yang, L. (2019). The impact of state intervention and bankruptcy authorization laws on local government deficits. Economics of Governance, 20(4), 305–328.
As the finance director of your selected governmental entity (the City of Balitmore) with an approved finance strategy, the next step is to develop an implementation plan to improve your annual budget process. Consider the full cycle and draft the plan to start on the first day of the fiscal year.
For this assignment, you will develop an annotated 5 to 7-page process improvement plan which includes the following elements:
Timeframes, process, and sub-steps
Consider how you will track the effectiveness of the budget, finance, and capital planning programs, including performance measures, revenue forecasting, estimation, and public awareness and interaction. To develop the plan, use any tool which can depict timelines and dependencies, including Google Sheet, Microsoft Project or PowerPoint, or Asana.
Length: 5 to 7-page paper, not including title and reference pages
References: Include a minimum of 3 scholarly resources.
The completed assignment should address all of the assignment requirements, exhibit evidence of concept knowledge, and demonstrate thoughtful consideration of the content presented in the course.
PLEASE BE SURE TO USE THE CITY OF BALTIMORE
Implementation and Evaluation