n IMFO : Official Journal of the Institute of Municipal Finance Officers - Buffalo City budgeting




Extracted from text ... 22 IMFO ? Spring 2006 Budgeting is a core financial process that is increasingly perceived to be delivering limited value. Traditional methodologies and technologies are being challenged and replaced with 'solutions' available from traditional vendors as well as the BI and ERP suppliers. Most of the marketing literature boasts promises of 'value-adding' functionality, increased business alignment, and increased flexibility, however, very few business models are available for Cities in South Africa, as a guideline. This sets the stage for the path travelled by Buffalo City. The leadership challenge was to tap into the knowledge base exhibited by the management team ..


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