ABSTRACT
The role of the budget system as a means of delegation within an organisation has already been discussed, and a budget system must reflect the framework of responsibility and accountability in the organisation. This means answering the following questions:
who are to be the budget holders in the organisation? what specific activities are they responsible for? what items of expenditure are to be included in their budgets? what items of income are to be included in their budget? what workload and performance standards are required from them? what powers of authority do they have in relation to their budgets. For
example, are they able to switch funds between different budget categories or do they require higher approval to do this?
