Managerial Decision Making and the Budgetary Process

The budgetary process is an important undertaking in any organization, and one which demands much time and effort of the organization's administrators. The main task of the administrators of any organization is to manage the organization so that the goals and objectives of the organization are met. The administrators must create, plan, organize, motivate, communicate, and control in order to accomplish this task. The budgetary process requires that important decisions be made so that the allocation of resources within the organization is in keeping with the goals of the organization, and enables the accomplishment of its objectives effectively and efficiently. Prentice, in her LJ Special Report on library financial management, points out the managerial problem facing library administrators today: