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I’m not heavily involved in my organization’s finances; however, I’m fairly involved in my teams/department’s finances.
I work for a local municipality that tries to be very transparent with its budget. Budget planning never stops. Most departments only have a handful of people that understand their department’s budget; however they never seem to budget enough to ensure funds are available for all the tech, renewals and maintenance that comes along with the tech they “need”.
We check charges, pot. budget for the licenses but otherwise there is a financial department, where I am not involved.
I understand them pretty well. The purchase process & contracts change, but the difference between CAPEX & OPEX, as well as different funds for different purposes usually stays the same.
My company is made up of several different vertically integrated entities, so we are a bit siloed in our knowledge of the finances of the groups that we do not belong to. As for the specific group I’m in, I have a clear knowledge of the budgets, expenditures and posted cost savings.
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