Guideline on Common Financial Management Business Process 1.1 – Manage Planning And Budgeting
Long description for image: Figure 7. Develop Revenue Budget (Subprocess 1.1.3) – Level 3 Process Flow
The figure is a process flow diagram consisting of activities, connectors, inputs and outputs, and decisions.
This diagram depicts the Level 3 process flow for Subprocess 1.1.3 – Develop Revenue Budget, which begins with a connector from Subprocess 1.1.2 – Conduct Operational Planning. Subprocess 1.1.2, which is outside the scope of the Manage Planning and Budgeting business process, provides the input labelled “Draft operational plan.”
The flow continues to two activities that must be completed concurrently. The first is Activity 1.1.3.1 – Review Historical Revenue Trends. The second is Activity 1.1.3.2 – Review Current Revenue Information.
The flow advances to Activity 1.1.3.3 – Develop Revenue Assumptions, followed by Subprocess 1.1.3.4 – Develop Revenue Budget by Source or Program. A connector from Subprocess 1.1.1 –Develop Notional Budget Allocations provides the input labelled “Notional budget allocations,” which connects to Activity 1.1.3.4 – Develop Revenue Budget by Source or Program.
The flow continues to Activity 1.1.3.5 – Validate Revenue Budget and then to a decision labelled “Validated?” The NO flow for the decision “Validated?” continues to Activity 1.1.3.6 – Revise Revenue Budget as Required, which flows back to Activity 1.1.3.5 – Validate Revenue Budget. In addition, a connector from Subprocess 1.1.11 – Consolidate and Approve Plans and Budgets leads to Activity 1.1.3.6 – Revise Revenue Budget as Required.
The YES flow for the decision “Validated?” leads to an output labelled “Draft revenue budget,” which connects to a decision labelled “Respendable revenue?” The YES flow for the decision “Respendable revenue?” continues to the connectors for Subprocess 1.1.4 – Develop Operating Budget and Subprocess 1.1.11 – Consolidate and Approve Plans and Budgets; these subprocesses are carried out concurrently. The NO flow for “Respendable revenue?” leads to the connector for Subprocess 1.1.11 – Consolidate and Approve Plans and Budgets.