![]() It is performed in accordance with generally accepted auditing standards, which require that the audit be planned and performed to obtain reasonable assurance about whether the financial statements are free of material misstatements.įor more information please contact the Department of Finance & Administration. The City is required to have an annual audit performed by an independent Certified Public Accountant. It helps management evaluate business alternatives and set. Central Ohio Technical College and The Ohio State University at Newark have strategic plans that shape each institutions budget as well as the budget that. Planning and Budgeting is an analytical application that helps you set top-down targets and generate a bottom-up budget, which is at the foundation of your organizations operations. Businesses use budgeting tools to better allocate funds, and achieve specific long term goals. ![]() Its purpose is to shift the focus from the big picture to detailed data. Link top-down targets with bottom-up budgets. Strategic budgeting allows flexible forecasting for complex spending and revenue goals. Its essence consists of a selection of appropriate projects and. Connect strategic objectives with daily processes. Performance measures have been assigned to each Strategic Outcome Area and will demonstrate our progress as the Plan is implemented. Strategic budgeting is focused on the realization of the strategic goals of an enterprise. Within the Plan are Strategic Outcome Areas, with actionable strategies that are designed to drive us towards success. Current Budget Submissions, Performance Reports, and Strategic Plans FY 2009 Citizens Report (PDF format - 7.8MB) FY 2010 PAR (includes financial statements). ![]() It is approved by the Mayor and City Council and updated regularly, helping to guide the development of operating and capital budgets and departmental work plans. The five-year Strategic Plan serves as roadmap for the City to achieve its vision and mission. ![]() The annual budget is comprised of an operating budget, a five-year Capital Improvement Plan, and transfers to an Other Post Employment Benefits Trust Fund. The City operates on a fiscal year that begins on July 1 and ends on June 30. ![]()
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