Current Strategy Management and Budgeting Process Overview The following provides an end-to-end overview of the current budgeting process, including integrated strategic planning, at the State of Oklahoma illustrating which of the previously identified software tools are utilized throughout the budget process. Table : Current Budgeting Process Budget Stage Dates Input Tool Output Trial May - July Guidance from Budget Request Agency Capital Agencies, Agency Capital Budget Request Long-Range System (internal Plan Capital Capital Planning system) Planning Commission Commission Long-Range May July Agency Input, No standard tool Capital plan Long-Range – Capital Planning Executive Policy (spreadsheets, Capital Planning Commission Guidance, etc.) Commission Review Available Funding July - October OMES guidance Agency internal Data for input Agencies Agency Internal Budget Request & built systems, into Budget (Divisions & Strategic Planning spreadsheets, Request System Departments) (Strategic Plan etc. No every other year) standard tool. Agency Budget September Agency internal Budget Request Agency Agencies – Request October budgets System (Custom Electronic Submissions & State System) Submission to Strategy Plan OMES, (Strategic Plan Submissions to every other year) and Senate (reports, not in system) Trend October Historical data Statutory OMES – Analysis November and policy year revenue and expenditure reporting OMES Review & October Agency Budget Request Summary Sheets OMES – Hearings with December Submissions, System (Custom for Hearings, Agencies Governor’s State System) Executive – Legislature Also Policy Guidance, Budget Book Conducts Hearings Statutory Content Compliance December Economic data Econometric Approved basis Oklahoma Tax Equalization Board Produces modeling tools for Executive Commission, Revenue Estimate Budget OMES, (statutory limits Equalization based on this Trial estimate)
Current Strategy Management and Budgeting Process Overview The following provides an end-to-end overview of the current budgeting process, including integrated strategic planning, at the State of Oklahoma illustrating which of the previously identified software tools are utilized throughout the budget process. Table : Current Budgeting Process Budget Stage Dates Input Tool Output Agency Capital Budget Request May - July Guidance from Long-Range Capital Planning Commission Budget Request System (internal system) Agency Capital Plan Agencies, Capital Planning Commission Long-Range Capital Planning Commission Review May – July Agency Input, Executive Policy Guidance, Available Funding No standard tool (spreadsheets, etc.) Capital plan Long-Range Capital Planning Commission Agency Internal Budget Request & Strategic Planning (Strategic Plan every other year) July - October OMES guidance Agency internal built systems, spreadsheets, etc. No standard tool. Data for input into Budget Request System Agencies (Divisions & Departments) Agency Budget Request Submissions & Strategy Plan (Strategic Plan every other year) September – October Agency internal budgets Budget Request System (Custom State System) Agency Electronic Submission to OMES, Submissions to and Senate (reports, not in system) Agencies Trend Analysis October – November Historical data and policy Statutory revenue and expenditure reporting OMES OMES Review & Hearings with Agencies – Legislature Also Conducts Hearings October – December Agency Submissions, Governor’s Policy Guidance, Statutory Compliance Budget Request System (Custom State System) Summary Sheets for Hearings, Executive Budget Book Content OMES Equalization Board Produces Revenue Estimate December Economic data Econometric modeling tools Approved basis for Executive Budget (statutory limits based on this estimate) Oklahoma Tax Commission, OMES, Equalization Trial Trial year