Long-Range Budget

Long-Range Budget

A budget with a term usually longer than one year. A long-range budget involves more uncertainty than a short-term budget because, typically, market movements and the business cycle are more easily predictable in the short term. On the other hand, planning for the long-term is necessary in order to ensure sustainable profitability. Thus, while planning for the long term is necessary, one's plan must be flexible to account for the uncertainty inherent to it.
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The city also conducts long-range budget forecasting that focuses on maintaining structural budget balance while anticipating the long-term spending pressures from rising pension and OPEB costs.
In “Mastering the Business of Education,” the professionals presented the basics of school financial reporting responsibilities, long-range budget planning, business policies and procedures, and financial statements.
This work builds a forecasting model of state-level revenues that incorporates economic conditions, as well as incremental revenue patterns on long-range budget forecasts, which are defined as two to five years into the future.
In this connection, we also offer our readers a current snapshot of the Navy's long-range budget situation and its implications for Navy shipbuilding by analyst Ronald O'Rourke of the Congressional Budget Office.
Shasta Middle School student presentation; report on new special education software system; report on long-range budget planning committee; update on Oregon School Boards Association Regional Report; review and adoption of policies on drivers education and K-3 reading program; discussion of board committee assignments.
Donnelly, 58, a real estate developer, said his main goal would be establishing a financial team at City Hall, consisting of the auditor and treasurer, an assessor and others, with input from the council, to make long-range budget plans.
Even so, the long-range budget contains no money for such a bomber.
The budget, unanimously approved by the council late Tuesday, is the second in a two-year, long-range budget process.
Perhaps no FEI department has as many moving parts as the Accounting/Finance Department, which carries out the day-to-day collections and postings that any significant business does, as well as dealing with long-range budget and investment issues, benefits, IRS filings and, of course, the annual audit.
GAO's long-range budget simulations show this nation faces a large and growing structural deficit due primarily to known demographic trends and rising health care costs.
A long-range budget, upper management support, and appropriate resources.
Without a long-range budget constraint on social security, it will be much more difficult to limit future benefit growth.
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