Purposes of Budgeting
Setting of
objectives and selection of activities to be applied in financial year in
order to achieve the set out goals.
Responsibilities
Heads of departments are
responsible for preparation of organizational budget
Budget
Preparation Procedures
Organization budget is prepared by the management according to corporate
strategy and in compliance with Treasury guidelines during December each
year.
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The
budget estimates are submitted to the Board of Directors for approval
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After
BOD's approval, it is submitted to Permanent Secretary-Ministry of
Defense and National Service
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The
Permanent Secretary (MODNS) presents the estimates to the treasury with
other estimates of the ministry
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The
Minister for Defense and National Service presents the ministry's budget
estimates before the Parliament.
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The
parliament passes and authorize the budget
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The
chief executive officer (CEO) presents the authorized budget to the
Board of Directors for ratification.
