Operating Budget
/ˈɒpəreɪtɪŋ ˈbʌdʒɪt/
Definitions
- (n.) A financial plan detailing expected revenues and expenditures for normal operations during a specific period, often used in public administration and corporate governance.
The city council approved the operating budget for the upcoming fiscal year.
Forms
- operating budget
- operating budgets
Related terms
See also
Commentary
In legal contexts, the operating budget is critical for ensuring compliance with statutory spending limits and for transparency in government or organizational financial management.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.