The total funds allocated to OSI/SCI within a fiscal year. The budget is typically expressed as a percentage of payroll, not including locality pay or premium pay. Both competitive practices and organizational performance are considered when determining the annual budget.
For an existing business, this is a realistic budget for the current fiscal year based on past income and expenditures. It includes anticipated changes in income and spending that may occur during the year. For a start-up business, this is a realistic projection of the income and costs of doing business for a year.
A budget applicable to a single fiscal year. SEE BUDGET OR OPERATING BUDGET.
a budget for an ongoing activity which has no explicit term
Prepared by the condominium board, the budget is the basis for calculating fees you will pay for things like maintenance, repair and administrative costs.
an itemized schedule, usually prepared by the treasurer or budget committee. It is a listing of the estimated receipts and expenditures covering a fiscal year. This Planned Budget is prepared in advance as a guide or control as a financial management tool.
Annual is a period of one year. In government, much of the accounting and financial reporting is geared to things that will happen and involve cash during the fiscal year. This focus is driven by the approval and execution of the annual budget. The budget covers the governmental decisions on how to raise money and where to spend it. Traditionally, one of the most public decisions in government. A government may have several budgets for the different funds in government. The budget for the general fund is usually the largest. Financial reports, which should assess financial performance, including compliance with budget, are not nearly as widely debated or circulated.