budgetary control

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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 ?
Building local powerhouses is about devolving some key decision-making powers with budgetary controls over housing, transport, planning and policing.
Conversely, Simons (1990) found that firms pursuing "innovator" strategies had tighter budgetary control than did other firms.
Budgetary control is at the heart of many managers' jobs.
Budgetary control is achieved by comparing actual costs, revenues and performances against the set budget.
While it is expected our IMAs will participate on a quarterly basis to maintain viability and visibility within their active-duty units, the loss of flexibility in mandating such a policy has shown no substantive improvements in budgetary control or IMA readiness," wrote Lt.
A description of the legal level of budgetary control.
Also, esource2office utilises a proprietary transaction engine called online2office which is designed to provide organisations with the authorisation and sourcing disciplines required for budgetary control and receiving billing and management information.
The current system gives budgetary control - and ultimate control over spending - to the Legislature, and auditing authority to the secretary of state.
desire more equity in performance evaluation, less budgetary control, participative budgeting, standardized (perhaps formula-based) rewards, easy access to superiors, and open channels of communication.
The case for changing health insurance from a defined benefit to a defined contribution plan goes beyond risk avoidance to include: greater budgetary control over fringe benefit outlays; a scaling back of health benefits administrative staff; and better morale among employees who acquire the freedom to choose what best suits their particular situation.
But now the district and its board have shown they're willing to give power to the college presidents, and that means turning over budgetary control at the campus level.