The budget process is a carefully orchestrated financial planning cycle. It begins with the setting of clear objectives and the identification of resources to achieve those objectives. These Objectives are then translated into concrete Steps and Policies to Guide the Process. Each step includes the establishment of plans, timelines, decision-making councils and implementation practices that ensure all elements of the budget are in place and running smoothly. Ultimately, the budget process involves extensive analysis and collaboration between departments, organizations and stakeholders in order to create a cohesive vision for the organization’s future.