Departments like Parks and Recreation that employ many such employees have traditionally budgeted for these employees as a group, using a single lump sum amount.
* Capital outlay and debt service expenditures are budgeted by department.
There is one other aspect to reengineering planning and budgeting--motivating managers to achieve their budgeted forecasts.
* THEY ARE SHELVING bottom-up planning and multi-iterative budgeting processes for top-down strategic plans budgeted by department managers--who are compensated for achieving measurable results.
The Reserve Banks' 992 expenses--both priced and nonpriced--were budgeted at 6.4 percent above the 1991 budget; the actual increase in expenses between 1990 and 1991 was 6.2 percent.
Nine Banks collectively have budgeted $2.8 million to improve the efficiency of check collection systems.
If budgeting is to be successful, managers must know their budget, be regularly informed of the actual expenses incurred, compare budgeted to actual expenses and receive monthly feedback from upper management.
Miscellaneous warehouse expense is budgeted for $20,000 a year.
(Metal purchases are made through the Coinage Metal Fund, a revolving account not subject to budget or appropriations.) In manufacturing the replacement stock of nine billion one-dollar coins assumed to be necessary at the outset of the replacement period, the Mint initially would incur onetime budgeted
outlays of $164 million (nine billion coins at an assumed $80 per thousand coins times an assumed 20 percent share of the $80 for budgeted
operating costs, plus an additional $20 million for design and start-up costs).
Senior management confessed it could not relate budgeted
expenses to the strategic plan.
For 1991, the Federal Reserve System has budgeted
operating expenses of $1.6 billion, an increase of 5.9 percent over the 1990 budget.
Among the few new initiatives budgeted
for NOAA is the $15 million Global Geosciences Program to study and improve prediction of Climate change.
The Budget secretary said under this system, all government programs and projects budgeted
for the fiscal year should be implemented and delivered within the same fiscal year.
For 1990, the Federal Reserve System has budgeted
operating expenses of $1.5 billion, an increase of 5.0 percent over 1989 actual expenses.
For 1989, the Federal Reserve System has budgeted
operating expenses of $1.4 billion, an increase of 5.5 percent over 1988 actual expenses.