Question

write a note on budget ​

Answer 1

Answer:

In short, a budget note is a formal directive to a state agency expressing legislative intent for a particular budget issue. A budget note is technical in nature, directing an agency to take administrative and managerial action relating to the agency's execution of its biennial budget.A budget note is of limited scope, not intended to circumvent, supplant, or replace other substantive or policy measures or law. The directive of a budget note typically expires at the end of the biennium for which it pertains. Budget notes are neither required nor necessary for every Ways and Means measure. The majority of budget notes direct an agency to make follow-up progress reports on budget-related items to the Emergency Board, an interim policy committee, or the next Legislative Assembly. For example, a budget note may outline the reporting conditions necessary for allocation to an agency of a special purpose appropriation made to the Emergency Board. Less frequently, a budget note may be more prescriptive and direct a specific agency management action related to the budget. For example, an agency may be instructed to review how it allocates certain program funds, or be directed to maximize an Other Funds revenue stream. This is especially true for agencies that fall outside standard budgetary controls systems or have less detailed budgets.