Budget preparation, also called formulation or planning, can be considered in terms of six sets of activities, listed below, that are only loosely grouped together: $-$ ACTING PRIOR TO PREPARING A BUDGET $-$ MAKING BUDGET CALLS $-$ DECIDING ABOUT PROPOSALS $-$ PREPARING PROPOSALS AND RELATED DOCUMENTS $-$ REVIEWING PROPOSALS $-$ FlNALIZING AN OVERALL BUDGET PROPOSAL