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Budget Control Assessment Questionnaire

This document contains a 21-question survey about an organization's budgeting and budgetary control processes. It asks about awareness of budgets, the budgeting process, budget meetings, setting financial targets, assigning budgetary responsibilities, budget statement contents, budget preparation and review procedures, budget holder communications and reporting, use of budgets for performance assessment, and inclusion of contingent liabilities and future liabilities. The final question asks for suggestions to improve the organization's budgetary control.

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192 views3 pages

Budget Control Assessment Questionnaire

This document contains a 21-question survey about an organization's budgeting and budgetary control processes. It asks about awareness of budgets, the budgeting process, budget meetings, setting financial targets, assigning budgetary responsibilities, budget statement contents, budget preparation and review procedures, budget holder communications and reporting, use of budgets for performance assessment, and inclusion of contingent liabilities and future liabilities. The final question asks for suggestions to improve the organization's budgetary control.

Uploaded by

kawalkaur
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd

Budget & Budgetary Control Questionnaire Name: ______ Designation: _______ Please provide answers to the following questions:

1. Are you aware of the budgets prepared by your organization? a) Yes b) No c) Not Applicable 2. Are you aware of the budgeting process taking place in your organization? a) Yes b) No c) Not Applicable 3. How often the budget meetings are conducted by the board? a) Frequently b) Rarely c) Not Applicable 4. Are financial targets are set up in the meetings? a) Yes b) No c) Not Applicable 5. Are budgetary responsibilities established for different sections during the meetings? a) Yes b) No c) Not Applicable 6. Are staff aware of their responsibilities in each section? a) Yes b) No c) Not Applicable 7. Does income and expenditure appear on the budget statements? a) Yes b) No c) Not Applicable 8. Are budgets prepared separately for Registered and Unregistered Schemes? a) Yes b) No c) Not Applicable 9. Who reviews each budget? a) A member of staff at a senior level c) A non-staff member b) A member of staff at a junior level

10. Does the organization adhere to its time table for the preparation and release of the budgets? a) Yes b) No c) Not Applicable 11. How often is information sent to budget holders? a) Monthly b) Quaretly c) Annually d) Not Applicable

12. Does the organization release to the public a mid-year review of the budget that includesupdated income and expenditure estimates for the budget year underway? a) Yes b) No c) Not Applicable 13. Are budget statements included in the Annual Reports? a) Yes b) No c) Not Applicable 14. Are variations in income and expenditure reported to budget holders and the board? a) Yes b) No c) Not Applicable 15. Is a standard report format used for informing? a) Yes b) No c) Not Applicable 16. Are budget holders satisfied with the information? a) Yes b) No c) Not Applicable 17. Does the budget present information on Contingent Liabilities (such as government loanguarantees)? a) Yes, extensive information on Contingent Liabilities is presented b) Yes, some information on Contingent Liabilities is p r e s e n t e d , b u t c e r t a i n details are excluded. c) No, information on Contingent Liabilities is not presented. d) Not Applicable

18. Does the budget present information on Future Liabilities ( s u c h a s c i v i l s e r v i c e pensions)? a) Yes, extensive information on Future Liabilities is presented. b) Yes, information on Future Liabilities is presented, highlighting key FutureLiabilities, but certain details are excluded. c) No, information on Future Liabilities is not presented. d) Not Applicable 19. Are the budgets useful for assessing the performance of your organization? a) Yes b) No c) Not Applicable 20. Does the budget contain performance indicators, such t h a t o n e c a n a s s e s w h e t h e r there has been progress towards meeting policy goals? a) Yes b) No c) Not Applicable 21. Please give your suggestions to improve Budgetary control in your organization:

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