FISCAL PLANNING, BUDGETING, AND REBUDGETING USING REVENUE SEMAPHORES.

CORNIA, GARY C; NELSON, RAY D; WILKO, ANDREA.

PUBLIC ADMINISTRATION REVIEW, n.º 2/2004, pág. 164 a 176

1. FORECASTING AND REVENUE UNCERTAINTY. 2. CURRENT FORECASTING PROCEDURES. 3. BUSINESS-CYCLE-INDUCED ASYMMETRY. 4. RESPONSES TO AND IMPLICATION OF REVENUE UNCERTAINTY. A) AD HOC ADJUSTMENTS. B) REAL-TIME BUDGETING. C) REBUDGETING. 5. PROPOSED BUDGETING PROCEDURE. A) SUBJECTIVE PROBABILITY ASSESSMENT. B) SIMULATED COMPOSITE PROBABILITY DENSITY FUNCTION. C) REVENUE SEMAPHORES. 6. BUDGETING APPLICATIONS AND IMPLICATIONS. A) SEMAPHORE CATEGORIES. B) ANALYSIS AND REBUDGETING. C) ADOPTION AND APPROPRIATION PROCESSES. 7. SUMMARY, CONCLUSIONS, AND CAUTIONS.