A STUDY ON THE IMPACT OF BUDGETARY CONTROL ON ORGANIZATIONAL PERFORMANCE

Abstract

The involvement of technical department in preparation and allotment operations and maintenance Budget is more applicable since the operations and maintenance work basically involves technical knowledge. To prepare annual Budgets in such a manner those managers at various levels in organization carry out periodical exercise in respect of each contact or responsible centre for physical planning and matching resources broke up into monthly targets or cash flows. To introduce and operate responsible for achievement of specified targets with the recourses allocated for the purpose. The Budget period or annual begets should with the financial year. In October every year the Budget should drawn up for the ensuring the financial year in the form of Budget estimates financial year in the form of Revised Estimates [R.E].In addition the Budgets are to be reviewed on monthly basis by project review teams, in the light of actual expenditure and projections in the Budget period. Budget should indicate monthly phasing of. Expenditure and targets for the first and quarterly phasing for the second half of the year. At the time of review of the Budget estimates to frame revised estimates the quarterly Phasing should be broken up into monthly phasing