departmental budget
Unit's spending plan
A departmental budget is the financial plan allocated to a specific division or unit within an organization, outlining expected revenues and approved expenditures for a defined period.
It governs what a department can spend on personnel, equipment, operations, and projects: The marketing departmental budget was cut by fifteen percent.
Managers typically must justify expenditures against their departmental budget.
- auditingExamining records for accuracy
- number crunchingIntensive calculation work
- bean countingPetty financial obsession
- expenditureMoney paid out
- allocationDistribution of shares
revenue · bottom line · performance metrics · reconciliation · surplus · deficit · red ink · belt tightening · spending freeze · financial reporting · forecast · cost efficiency · appropriation · funding sources · risk management · investment planning · cost analysis · line item
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