The CFO has asked you to develop a memo to be sent to company supervisors. The memo will introduce the company's new budget approach and explain the advantages of budgeting. The new budget approach is a participative budgeting process as opposed to less input on the part of employees. The desire is for company supervisors to obtain feedback from their team to submit a more collective budgeting tool for consideration from their area of responsibility.$$

In consideration of the background, prepare a memo in a Word document to submit to the company supervisors with a cc to the CFO.

Your first paragraph would be an invitation to a budget workshop to be held in a few weeks on February $12$th in the company event room from $9$:$00$ am to noon.

Next, you will explain that the workshop will discuss a participative budgeting process. Therefore, you will need to explain what a participative budgeting process means.

Next, you will want to explain the advantages of budgeting. This will set the tone for the upcoming workshop. Therefore, it is important to name and discuss at least three reasons why budgeting is important to the organization.

Finally, add a closing paragraph to encourage company supervisors to attend the meeting, be prepared to ask questions on behalf of their team, and offer initial ideas for relevant projects for your company.