Organizational Budget

An Organizational Budget is a time-bound budget for an organization.

• Context:
  • It can (typically) be created by a Budgeting Process.
  • It can (often) be instantiated in a Budget Document.
  • It can range from being a Proposed Budget, to being a Submitted Budget, to being an Approved Budget, to being an Amended Budget.
  • It can (often) be divided into an Operating Budget and a Capital Budget.
  • It can be a For-Profit Organization Budget, to being a Not-for-Profit Budget (such as a government budget).
• Example(s):
  • OpenGov's 2016 Budget, for OpenGov.
  • Palo Alto City's City Budget for 2016[1].
  • …
• Counter-Example(s):
  • a General Ledger.
  • a Household Budget.
• See: Project Plan, Business Plan, Organizational Financial Projection.

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References

2015

• http://www.investopedia.com/university/guide-to-planning-a-yearly-budget/budget-projections.asp
  • QUOTE: The best yearly budgets are well thought out and accurate, providing a realistic view of your finances for the next year. … The budget only works if it is realistic and if it is something that you can actually follow.

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