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Some local governments engage in a practice they call Priority-based Budgeting — a process for involving their citizens in establishing funding priorities in the municipal budget. This allows citizens to participate in identifying areas where a higher-level of service is desired or a new initiative should be launched — and ensures that these priorities are reflected in the upcoming budget. However, it does not necessarily involve setting measurable goals that define the levels of service expected.

Knovos provides a way for a local government to easily pick up where the Priority-based Budgeting process ends, taking the resulting work product and extending it into a Program Performance Budget for achieving measurable results.

Zero-based Budgeting (ZBB) is a process for building a budget that does not assume that the previous year’s funding levels for each program should be the starting point for developing a new budget. Instead, it requires that every dollar be justified as if the program were starting from zero. Knovos offers the most effective solution for implementing ZBB throughout an organization.

Products

Cascade is a comprehensive, innovative strategic planning, performance budgeting, and performance reporting solution that functions as a Web-based add-on to existing financial management systems. Cascade tracks business performance throughout the year with customizable scorecards, dashboards, dials, graphs, and reports, facilitating directed decision-making and enabling improved allocation of...... Read More

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