Which function is NOT performed by the budgeting committee?

The function of drafting budgets without managerial input is not typically performed by the budgeting committee because creating a robust and effective budget usually requires collaboration and insights from various management levels. The committee's role involves integrating input from different departments and considering their perspectives, as they are the ones who have firsthand knowledge of their operational needs and challenges.

Involving management in the budget drafting process ensures that the budgets align with the organization's strategic goals and realistic projections. This collaborative approach enhances the accuracy of budget forecasts and promotes accountability among departments.

On the other hand, the committee does have key responsibilities, such as approving budgets post-amendment, examining variances between actual and budgeted performance and making recommendations for adjustment, and agreeing on planning assumptions. These functions ensure that the budgeting process remains dynamic and responsive to the organization's needs.