budgetary control

(redirected from Budgetary Controls)
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Budgetary Control

Any process a company or government puts in place to help ensure accuracy and honesty in its budget. Budgetary control may set goals for expected revenues or planned expenditures. It almost always includes a system to monitor compliance over time.

budgetary control

a system for controlling COSTS and REVENUES by comparing actual results with BUDGET estimates and then taking corrective action where necessary See COMPARISON STATEMENT.

Budgetary control involves two main stages:

  1. preparation of the budget prior to the start of the budget period, forecasting and planning activities for that future period;
  2. control by taking action based upon an evaluation of actual performance during the budget period in the light of the plans and standards developed in the budget.
References in periodicals archive ?
Secondly, these roughly equal terms for regional authorities must with clearly specified budgetary controls.
To provide a broader view of capabilities and risks within the ministries, CSTC-A significantly increased its budgetary controls this year through the Commitment Letters signed with the three Afghan ministries.
Coupled with the globally available declining balance and virtual card options, organisations are able to link a meeting budget with a set end-date to further enhance budgetary controls.
He said: "There are strict budgetary controls in place from mainstream funding and these are being used to fund conventional policing methods against anti-social behaviour and crime reduction.
H3: Levels of entrepreneurship will be higher when intermediate levels of tightness are designed into budgetary controls, and lower both when budgetary controls are very tight and very loose.
We provide better food, variety, and service all while guaranteeing financial results through disciplined budgetary controls and operational systems.
To ensure fiscal restraint, the regulator would have to establish budgetary controls, as well as submit to increased oversight by the regulator's congressional authorizing committees.
Unfortunately, fiscal irresponsibility has caused more coaching dismissals than won/loss records--which only emphasizes the importance of careful planning and budgetary controls.
But over the past 12 months we have returned to more prudent fiscal policies and with the budgetary controls we now have in place we hope we will see the club breaking even within the next two or three years.
A manager of an SBU in a high power-distance culture (Malaysia, Guatemala, Mexico, Singapore, Brazil, Hong Kong) is more likely to accept tight budgetary controls, discretionary bonuses, and subjective performance evaluation.
Conservation officer at the council, Robert O'Malley, 42, said: "The building was due for an investigation but it was disbanded because of budgetary controls.
Sullivan Design will control the project management of all works including full on site project management and the usual programme, critical paths and budgetary controls.