Skip Campbell, D-Tamarac, said he supports zero-based
budgeting but wanted to see specific instances where the committee could cut waste instead of asking general questions about whether certain percentages could be cut from various budget lines.
Tim Buzard, vice-president of finance at the Chicago White Sox, uses a modified zero-based
budget to ensure the organization's plans are in sync with its true current financial position.
The FNC also passed a Dh41 billion zero-based
budget for 2011 after a marathon seven-hour session.
He noted by following the zero-based
budgeting approach, 'we were able to work with fewer resources, enhance the efficiency of government spending by 6 per cent, direct our resources toward highly-efficient programs, the phase out the less efficient activities.
He argued the zero-based
budget the government will now implement for three years means no new projects will be implemented and as such there will be no growth.
This can and must be achieved by every department of local government being obliged to produce zero-based
budgets, that should only identify continuing expenditure on priority front line jobs and services.
This course illustrates the benefits of budgeting to the work of a manager and describes a range of commonly used budgeting methods, such as zero-based
, fixed, incremental, rolling, and flexible.
We will be taking a zero-based
approach throughout - asking departments to justify the economic value of every single line of their capital budgets.
According to the report, the 2011--13 zero-based
budget initiative of the UAE government was most prominent in increasing efficiency of government spending.
The UAE Cabinet yesterday approved a zero-based
federal budget of Dh122 billion which will run from 2011 to 2013.
This can be achieved by zero-based
budgeting in all major departmental service expenditure, a freeze on senior officers and all councillors' salaries, and all other financial economies in inter-departmental expenditure used to peg any increases to council tax.
Recent budget challenges were met with budget reductions, implementation of zero-based
budgeting and internal cost methodologies, and successful labor negotiations that curbed rising salaries and benefits.