What should not be included in the budget after it's finalized?

Once a budget has been finalized, it typically becomes a fixed framework for the upcoming fiscal period. Changes to the personnel structure can lead to significant adjustments in costs and resource allocation that would impact the established budget. Thus, making such changes after the budget is set undermines the integrity and accuracy of the budget as it introduces variability and potential misalignment with initial plans.

In contrast, assessments of operational efficiency, development of a 5-year financial plan, and reviews of previous budgets serve as crucial tools for future budgeting and strategic planning. These activities are meant to improve the budgeting process, enhance resource management, and ensure better financial forecasting without altering the finalized budget itself. They focus on analysis and planning for improvements rather than making immediate financial adjustments that would affect the current budget period.