It provides both broad guidelines for and specific examples of good budgeting and management. The eight national associations that sponsored the report should be proud of the result of their multiyear collaboration. For a copy of the report or to preview the CD-ROM on best practices, visit the Web site of the Government Finance Officers Association. Principles and Subprinciples of the Budget Process 1. Establish broad goals to guide government decision-making.
Assess community needs, priorities, challenges and opportunities.
Identify opportunities and challenges for government services, capital assets, and management. Develop and disseminate broad goals. Develop approaches to achieve goals. Adopt financial policies. Develop programmatic, operating and capital policies and plans.