A budget represents a plan of current and expected incomes and expenses, costs and services, ordered by operating units and dates, and is usually monitored by the management on a regular basis. With other words, a budget defines the financial framework for financing the expenditure of an institution that is available for the implementation of the companies’ strategies and objectives. Budgeting serves to monitor the economic efficiency, profitability, and performance and helps to evaluate the achievements within an organization. This article describes how Human Service Organizations use different budgeting techniques and, furthermore, shows which aspects have to be considered in the implementation of budgets in such organizations.
See Publications: Arnold, M. (2019). Budgetierung [Budgeting]. In H. Christa (Ed.), Das große Handbuch Organisation und Verwaltung in der Kita [The Compendium of Organization and Management in Daycare Facilities] (pp. 219-232). Köln: Carl Link.*