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budget |
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Budget A detailed pro forma schedule of financial activity, such as an advertising budget, a sales budget, or a capital budget. Budget. A budget is a written record of income and expenses during a specific time frame, typically a year. You use a budget as a spending plan to allocate your income to cover your expenses and to track how closely your actual expenditures line up with what you had planned to spend. An essential part of personal budgeting is creating an emergency fund, which you can use to cover unexpected expenses. You also want to budget a percentage of your income for saving and investing, just as you budget for food, housing, and clothing. Businesses and governments also create budgets to govern their expenditures for a fiscal year -- though like individuals they make regular adjustments to reflect financial reality. And, like individuals, businesses and governments can find themselves in trouble if their spending outpaces their income. budget (1) An itemized list of expected income and expenses over a period of time. (2) An estimate of particular monetary needs, such as a capital budget for construction or a development budget for construction and business ramp up to break even. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Budgeted Reserves for the City of Los Angeles In Millions Budget for Budgeted budgeted Reserve for Fiscal Year Reserve unappropriated Economic Ending June 30 Fund Balance Uncertainties (2) 1998-99 $44. Volume variance is the difference between actual and budgeted service units--typically, in long-term care settings, measured using patient days as the "service unit," with the actual patient days above or below budget representing volume variance. Knowing every last detail in my department down to why my ladle liners were using more chisels than budgeted, was critical. |
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