Which process is involved in the preliminary steps of budget development involving various stakeholders?

The process that is focused on preliminary steps of budget development involving various stakeholders is the Agency Budget Request. This process plays a crucial role in gathering the necessary input from different departments and stakeholders before the formal budget is created.

Agency Budget Requests are typically detailed documents prepared by individual agencies that outline their expected funding needs for the upcoming budget period. These requests entail discussions with various stakeholders to ensure that the budget aligns with the agency’s goals and objectives while also reflecting community needs. This collaborative approach ensures that all relevant viewpoints and requirements are considered early in the budgeting process, fostering transparency and collective ownership of the budget.

In contrast, other options like Budget Impact Assessment, Performance Review Meetings, and Cost-Benefit Analysis generally occur in later stages of the budgeting process. They focus on evaluating the anticipated effects of proposed budgets, assessing and reviewing past performances, or analyzing the financial efficiency of specific programs rather than directly engaging in the preliminary budget development steps with various stakeholders.