Search Results for "budget"
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Chapter
Budget Practitioners’ Guide
Budget Setting Timetable
Approved Budget
The Council's spending plans for a financial year. The revenue budget, when approved by full Council and after deduction of Revenue Support Grant and Business Rates, determines the Council Tax for the year. The capital budget represents the approved amount of capital expenditure for a year. Budget can refer to the total budget or to a service or part of a service.
Budgetary Control
Comparison of actual expenditure and income against approved budgets during the year and the taking of action to resolve any variations, which arise.
Budget Head
The lowest level of expenditure or income at which budgets are monitored. Generally this will be a line in the budget book although for departmental purposes these budgets will be broken down on the financial accounting system (Agresso) and monitoring undertaken at this lower level.
Budget set at a fixed level with no scope for subsequent increases to compensate for price or volume increases.
Sum set aside within an approved budget but not assigned for a specific purpose.