annual budget

English - English

Definition of annual budget in English English dictionary: 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; 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; 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; yearly allotment of funds, yearly distribution of money

annual budget