Case Study Report related to Public Budgeting Example | Topics and Well Written Essays - 1500 words

Report related to Public Budgeting - Case Study Example It serves as a policy guide, management tool, legal document (after the approval of the board) and a financial control instrument towards the organization. So budgeting is basically a mechanism for setting goals and objectives and allocating resources to achieve those objectives. IN other words it can be described as â€Å"thoughtful strategic planning process† (Lee, Johnson & Joyce, 2008, pp. 1-8). The report is a snapshot regarding the public budgeting details of a nonprofit organization of United States named as the Human Society of the United States. The report tells about the Budgeting cycle, budgeting policy, and budgeting documents. In the report the budget for the Finance Department has been taken into account. It gives a synopsis of the purpose and goal, revenue and expenditure, planning and activities of the finance department of the Human Society during 2012-2011 and the major changes in policy and accomplishments. MAJOR APPROPIATION AND CHANGES FROM PREVIOUS YEAR: The Human Society of Us is the nation’s largest organization for animal protection fighting for the rescue care and protection of animals. The organization distributes its entire budget of expenditure mainly for within two heads, firstly operational budget and secondly the supportive budget which supports the operational activities. For the fiscal of 2012 the operational budget included budget for animal protection program, Budget for fund raising and budget for management and general. During the fiscal 80% of the budget was allocated for animal protection program which actually accounted for $142118050. Fund raising accounted for the rest 20% of the operation 17% for fundraising and rest 3% for management and general. Fund raising had a budget of $29479645 while management and general had a budget of $5225819. Animal protection program which had the major budget had a segregation of 47% for advocacy, outreach and policy; 22% for direct care and service; 18% for cruelty preve ntion and 13% of the expense for research and education. For the support and revenue budget of 2012 the organization estimated 84% of the total revenue from contribution and grant which they accounted for $151069252. For rest of the revenues they estimated 13% would be coming from bequests, 2% from investment income and 1% from other income. On the contrary, for the fiscal of 2011 the organization deployed 80% of their total operational and supporting expenses budget for animal protection program. The same followed a segregation of 18% in cruelty prevention, 24% for direct service and care, 43% advocacy and cruelty, 15% for research and education. The support and revenue budget for 2011 accounted 79% of revenue coming from contribution and grants, 17% from bequests, 3% from investment income and 1% from other income (Human Society Organization, 2013, Annual Report 2012 & 2011) MAJOR REVENUE SOURCES AND CHANGES FROM PREVIOUS YEAR: The revenue of the firm came mostly from the support division and from other income. The total revenue from support and other income accounted for $5970558 during 2012 that of $5955358 during 2011 which indicated a hike of 0.25%. The revenue hike is almost negligible and the organization doesn’t aim for it since it is a nonprofit making firm with a â€Å"no profit† making view. The revenue for 2012 mainly came from contribution, trusts, grants, donation, merchandise sale, donated securities, sale of donated items, gains for disposals of property and