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State Budget Process

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Accounting
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Strayer University
Type
Homework
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Running head: THE STATE BUDGET PROCESS 1
The State Budget Process
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Running head: THE STATE BUDGET PROCESS The State Budget Process Student’s Name Course Code Professor’s Name Date 1 THE STATE BUDGET PROCESS 2 The State Budget Process The state budget is a financial plan established by the state as they move into a new fiscal year. The state budget includes expenses to be incurred as well as targets set. Needless to say, the actual is the financial performance that happens, meaning that it is backward-looking. Actual financials only occur if it has already happened. Variances reported in the “final” budget-toactual comparisons may not be valuabl ...
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