Budget Planning
Budget preparation made easy
Our system streamlines and integrates all processes involved in medium-term budget planning, enhancing the municipality's financial project preparation and monitoring. It facilitates the registration of all budget revenues and expenses according to predefined categories and economic classification for each budget program.
PKI to measure performance
Our system enables the assessment of budgetary performance through performance indicators based on program objectives, allowing for efficient evaluation of program implementation. The system maintains a record of all prepared versions of the medium-term budget, providing valuable historical data for reference and ensuring transparency.
Budget structure
Budget is organized in Logical Sessions as follows:
Version, our software stores budget versions
Context Data, this are data and narrative explaining the context when preparing this budget
Income, this section provides aggregated data of revenue and grants
Revenue: revenue from different sources
Grants : grants from the central government or other
Expenditure: Aggregated data on planned expenditure, thematic budget lines and more.
Thematic budget line
Salaries
Expences
Investments
Products
Indicators
Data
Reserve and Contingency
Liabilities
Performance Key Indicators
Document downloads
Document downloads, section produces a number of documents required for the formal budget approval in the municipal council and in the Ministry of Finance, including but not limited to:
Medium Term Budget Plan Report, in a print ready Ms. Word report with institutional Paper Head and styling
Medium Term Budget Plan Sheet, in a preformatted, styled, multi sheets Ms. Excel Sheet file.
This document could be used for approval in the Municipal Council and communicating to other institutions.
Contact us at sales@smartprocesses.net for more information.
Budget is organized in thematic budget lines as per functions of the organization.
Expenditure categories are detailed within each budget line at least in three categories:
Salaries
Expenses
Investments
Additionally, in each budget line there are three sections<
Data
Data Section captures data needed to calculate indicators of the planned outcomes of the thematic budget line. These data are not a product of the execution of this thematic budget line, such as population for example. Data objects are centrally stored and shared across the budget.
Products
Products are similar to data and are used to calculate the performance indicators, but differently from data products represent a product of the planned execution of the budget line. Products represent what outputs does the institution expects to achieve with the budget, such as km roads reconstructed. Products as well are coded, centrally stored.
Indicators
Indicators are formulas based on products and data, that measure the performance of the expected impact of the planned budget line,
for example :
% of km rural roads reconstructed, related to the total rural roads network,
PKI = km reconstructed roads / km roads in total * 100., here km reconstructed roads is a products of planned budget line execution, while km roads in total is a data object, since is not a result of the planned execution of the budget line.
Indicators are coded, centrally stored, with dynamic formula that refers products and data. Indicators are calculated automatically.
Email us at sales@smartprocesses.net to schedule a free consultation.
Learn more on our software solutions for municipalities
The section below describes in more details each of the solution components
