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IMPERIAL VALLEY COLLEGE Budget and Fiscal Planning Committee Wednesday, January 27, 2016, 2:00 p.m. Accreditation Standard III: Financial Resources are sufficient to support student learning programs
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Budget and fiscal planning is the process of creating a financial plan for a specific period of time, typically a year, and managing the allocation of resources to achieve financial goals.
Budget and fiscal planning is typically required of organizations, businesses, governments, and other entities that need to manage their finances effectively.
Budget and fiscal planning is usually filled out by analyzing previous financial data, setting financial goals, allocating resources, and monitoring the financial plan regularly.
The purpose of budget and fiscal planning is to help organizations and entities manage their finances effectively, allocate resources efficiently, and achieve their financial goals.
Budget and fiscal planning typically includes income sources, expenses, projected revenues, costs, investments, and financial goals.
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