What is an Annual Operating Budget?
An Annual Operating Budget is the yearly financial plan that estimates the revenue and expenditures for an organization. The revenue section typically details all of the projected sources of income for an organization such as grants, contracts, memberships and fund-raising. The expenditures section typically details all of the costs associated with operating the organization and all of its projects such as personnel, occupancy, supplies, communications and program expenses.
Related Questions
- How is a structural deficit different from an annual operating budget deficit that we would experience if we did not reduce spending to make up for state funding cuts and investment losses?
- Why don’t you raise ticket prices and rental fees to balance the operating budget without Annual Giving?
- What is the annual operating budget for TART?
