2.1 Budget Planning and Approval Process
a) The annual budget for BCN will be prepared by CEO with inputs from all concerned staff. Both staff and EC members will be involved in reviewing current year planning and budgeting as well as for coming year byJune/July every year. The CEO in turn will submit the annual budget to EC by third week of June for approval process. The annual budget shall correspond with the core activities, financial obligation of BCN along with planned objectives, outputs and activities of the projects. The EC shall approve the annual budget by last week of June.