Which of the following must a squadron complete when managing budgets for events?

Obtaining all necessary approvals before making expenditures is essential in budget management for events. This process ensures that financial decisions align with the overall budgetary constraints and policies of the organization. By securing approvals, the squadron can prevent overspending and ensure that funds are allocated appropriately, which is crucial for maintaining financial integrity and accountability.

In many organizations, authorized personnel must review and approve budgets to prevent unauthorized expenditures. This also helps to keep everyone informed and aligned on the financial aspects of event planning. When approvals are obtained in advance, it reduces the risk of financial disputes or the need for retroactive justifications, ensuring a smoother execution of events while adhering to established financial guidelines.

Other options, while they may contain elements of good budgeting practices, do not have the same critical importance. For instance, holding weekly budget meetings or submitting monthly budgets can be beneficial for fiscal oversight, but these practices should follow the necessary approvals. Cross-checking with other squadrons may enhance collaboration and knowledge sharing but is not a fundamental requirement for budget management.