Guideline on Common Financial Management Business Process 1.1 – Manage Planning And Budgeting
This guideline presents the should be financial business process for Manage Planning and Budgeting and describes the annual activities that departments would complete in order to develop detailed internal departmental plans and budgets against their voted authorities for the fiscal year.
Date modified: 2013-05-15
Long description for image: Figure 4. Sample Timeline for the Manage Planning and Budgeting Business Process
This diagram depicts a sample timeline for the Manage Planning and Budgeting business process. Three timelines are shown, each consisting of twelve months, starting with April and ending with March. The three timelines are labelled:
- “Fiscal Year A–1”
- “Fiscal Year A”
- “Fiscal Year A+1”
Timeline Fiscal Year A–1: Under the months of September to March is the caption “Fiscal Year A: Manage Planning and Budgeting Process.” Timeline Fiscal Year A–1 is enclosed within a frame.
Timeline Fiscal Year A: Under the months of April to March is the caption “Fiscal Year A: Manage Forecasting and Budget Review Process.”
Timeline Fiscal Year A+1: Under the months of April to June is the caption “Fiscal Year A: Manage Financial Close Process.”