Operating Budget TemplateBy Safety In Numbers
An operating budget is the annual budget of an activity stated in terms of Budget Classification Code, functional/subfunctional categories and cost accounts. It contains estimates of the total value of resources required for the performance of the operation including reimbursable work or services for others.
An operating budget is a forecast of the revenues and expenses expected for one or more future periods. An operating budget is typically formulated by the management team just prior to the beginning of the year and shows expected activity levels for the entire year.
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