budget cycle
Annual spending timeline
A budget cycle is the recurring sequence of stages through which an organization plans, approves, implements, and reviews its financial plan.
For governments, this typically spans multiple years—from initial proposals through legislative approval to execution and audit.
The new program won't be funded until the next budget cycle.
Most organizations operate on annual budget cycles aligned with their fiscal year.
- annual reportOrganization's periodic financial summary
- carryoverAmount brought forward
- reviewCritical written assessment
- auditFormal accounts examination
- forecastingEstimating future conditions
disbursement · periodicity · zero-based budgeting · fiscal year · closeout · end of year · reconciliation · bottom line · recalibration · meeting · budgeting · encumbrance · corrective actions · appropriation · funding request · line item · prioritization · mid-year review