PROGRAM BUDGET AND FINANCIAL OPERATING SYSTEMS

THE CONCEPTS OF THE PROGRAM BUDGET SYSTEM (PBS) INCLUDE GOAL FORMULATION, PROGRAM DEFINITION, SELECTION OF PROGRAM OBJECTIVES, LONG-RANGE PROGRAM PLANNING, MANAGEMENT OF OPERATION, COST AND RESPONSIBILITY CONTROL, AND APPRAISAL OF RESULTS. IN A BROAD SENSE, PBS IS CLOSELY ASSOCIATED WITH EVERY PHASE OF PLANNING AND TIES THE VARIOUS SUBSYSTEMS TOGETHER. INSTRUMENTAL TO AN EFFECTIVE PBS IS A SYSTEMATIC APPROACH TO DECISION-MAKING. PBS IS STRUCTURED TO PROVIDE THE TOTAL PICTURE OF THE RESOURCES REQUIRED, AVAILABLE, AND USED, AND TO DETERMINE HOW WELL THE RESOURCES REQUIRED, AVAILABLE, AND USED, AND TO DETERMINE HOW WELL THE RESOURCES AVAILABLE ARE PLANNED AND, AFTER THE FACT, HOW THEY WERE USED. IT IS ALSO INVOLVED IN CONDUCTING CURRENT OPERATIONS AND IN THE APPRAISAL OF THOSE RESULTS. PBS DETERMINES THE WAY IN WHICH SCARCE RESOURCES ARE ALLOCATED AMONG COMPETING NEEDS AND HOW EFFECTIVELY THESE RESOURCES ARE USED. THE DATA REQUIREMENTS OF PBS ARE MERGED WITH THE FISCAL ACCOUNTING, PERSONNEL, AND PAYROLL NEEDS TO PROVIDE THE BASIC SOURCE OF FINANCIAL AND BUDGET INFORMATION FOR THE ENTIRE DEPARTMENT. THUS, THE FINANCIAL OPERATING SYSTEM BECOMES THE INTEGRATED ACCOUNTING SYSTEM FOR MANAGEMENT. IN PERFORMING THESE BUSINESS FUNCTIONS, THE FINANCIAL OPERATING SYSTEM PROVIDES THE WORKING UNIT WITH THE TWO TYPES OF DATA NEEDED: RESOURCES (MEN, MONEY, AND MATERIALS) AND TIME (PROCESS AND/OR PRODUCTION VALUES). THESE DATA ARE MOST EFFECTIVELY SUPPLIED FROM THE INTEGRATED ACCOUNTING SYSTEM OBTAINED THROUGH THE USE OF ELECTRONIC DATA PROCESSING. /AUTHOR/

• Record URL:
  • http://onlinepubs.trb.org/Onlinepubs/hrr/1970/326/326-002.pdf
• Supplemental Notes:
  • Paper sponsored by Department of Economics, Finance and Administration and Department of Urban Transportation Planning and presented at the 49th Annual Meeting. Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved.
• Authors:
  • Stephenson Jr, T E
• Publication Date: 1970

Media Info

• Media Type: Digital/other
• Features: Figures;
• Pagination: pp 6-26
• Monograph Title: Development of Wisconsin's integrated operation system
• Serial:
  • Highway Research Record
  • Issue Number: 326
  • Publisher: Highway Research Board

Subject/Index Terms

• TRT Terms: Accounting; Budgeting; Computer programming; Conservation; Finance; Information processing; Management; Natural resources; Planning; Programming (Planning); Resource allocation; Transportation
• Uncontrolled Terms: Programming; Resource management
• Old TRIS Terms: Financial programming
• Subject Areas: Administration and Management; Environment; Finance; Planning and Forecasting; Transportation (General);

Filing Info

• Accession Number: 00200423
• Record Type: Publication
• Files: TRIS, TRB
• Created Date: Feb 8 1971 12:00AM