During which phase of budgeting do fire department managers review past budgets?

During the management phase of budgeting, fire department managers engage in a comprehensive review of past budgets. This phase is crucial for evaluating the effectiveness of previous budgetary decisions and understanding financial performance over time. By analyzing historical data, managers can identify trends, measure outcomes, and assess the appropriateness of past expenditures. This process informs future budgeting efforts and helps identify areas for improvement in resource allocation and financial planning.

In contrast, the preparation phase focuses on creating a new budget based on current needs and expected resources without delving deeply into past performance. The analysis phase typically involves examining the financial data and making adjustments to meet department goals, but it does not center solely on reviewing previous budgets. The execution phase involves implementing the approved budget and monitoring expenditures, rather than reviewing past budgets. Thus, the correct identification of the management phase aligns with its role in historical budget review and strategic planning for future budgets.