Write an essay that summarizes the Budget Planning Process

Budget Planning Process Paper and FlowchartThe budgeting process in most organizations and institutions is well
organized and planned andconsists of many steps. You are required to interview your organization/department’s budget
manager or finance director about the organization or department’s budgeting process. Write apaper that summarizes
your interview. In your paper, describe the steps in sequential orderthat must take place to develop your organization’s
budget each year. Begin by determiningyour organization’s fiscal year beginning and ending dates. Who sets the mission
, goals, andobjectives? How will the goals be measured? What are the sources of income and expenses?How long is
the budget development process? What are the steps? Which approach is used,participative or authoritative? Who
approves the final budget? Develop a flowchart to show agraphical picture of the budget planning process at your
organization. Include a budgetpreparation calendar in the appendix of the paper. The steps of the process described in
thepaper, flowchart, and calendar should be consistent