Results-based budgeting typically includes which of the following?

Prepare for the GFOA Financial Planning and Budgeting Certification Exam. Expand your knowledge with comprehensive quizzes featuring flashcards and detailed explanations. Ensure you’re ready to excel!

Results-based budgeting emphasizes the alignment of spending with specific outcomes and objectives rather than merely historical spending patterns or budgetary constraints. By including statements of missions, goals, and objectives along with measurable results, this approach allows governments and organizations to effectively track their progress and determine the impact of their financial decisions on desired outcomes.

The key aspect of results-based budgeting is its focus on accountability and transparency. By clearly defining goals and measurable results, stakeholders can assess whether resources are being utilized effectively, thus reinforcing the importance of performance metrics in the budgeting process. This method encourages public entities to be more strategic and intentional in their spending, ultimately driving better service delivery and improved community outcomes.

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