What is the role of the budget committee?

Intermediate

Answer

The budget committee is a cross-functional group (often chaired by a senior finance leader) that coordinates and approves the budgeting process—setting guidelines, resolving conflicts between departments, reviewing and approving departmental budgets, and ensuring alignment with strategy. It gives the process authority and consistency.

Real-world example The budget committee reviews each department's submission, reconciles conflicts, and approves the consolidated budget.

Common follow-ups: Who typically sits on the budget committee? | What conflicts does it resolve?

The Master Budget The Budgeting Process The Budgeting Process

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