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A local governments annual (or in some cases biennial) budget indicates a communitys civic priorities, projected revenue and costs, and plan for the futurewhat revenue will pay for which departmental services and for whom those services exist. Development of the annual budget in the public sector is more than just
What is the difference between adopted and adjusted budget?
✓ Adopted Budget: The approved budget that each College or Department starts with at the beginning of the Fiscal Year. ✓ Adjusted Budget: The budget after any adjustments (budget transfers) that are made throughout the year. ✓ Year to Date: Any transaction activity to the ledger (credits or debits), at any given time.
What does adopt the budget mean?
ADOPTED BUDGET The financial plan approved by the City Council, which forms a basis for appropriations. The final draft of the budget document includes Budget Committee and City Council revisions and is submitted to the State for filing.
What does adopted budget mean?
The term adopted budget refers to the legally enacted spending authority that the City Council appropriates through a budget resolution. Once an amendment to the budget is passed, it becomes part of the adopted budget. Amendments.
What was the budget in 2012?
Total revenues and spending The Obama administrations budget request contained $2.627 trillion in revenues and $3.729 trillion in outlays (expenditures) for 2012, for a deficit of $1.101 trillion.
2012-13 total revenues are $723,084,264. This is an increase of $42 million, or. 6.2% over the 2011-12 original Adopted Budget. Revenue increases have been
August 2012 - BusFin@osu.edu - The Ohio State University
Aug 1, 2012 The following table outlines a number of multi-year operating budget cash commitments. These programs and activities span several years, but
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