operational budget
Day-to-day finances
An operational budget is a financial plan that outlines an organization's expected income and expenses for day-to-day activities over a specific period, typically a fiscal year.
It covers routine costs like salaries, utilities, supplies, and maintenance—the recurring expenditures needed to keep things running.
The department exceeded its operational budget by fifteen percent.
Unlike capital budgets, which fund major purchases or long-term investments, operational budgets address ongoing functional needs.
- revenuesIncome from operations
- expensesMoney spent on things
- fiscal yearAccounting calendar period
- forecastingEstimating future conditions
- overheadLocated directly above
spending plan · indirect costs · cost centers · profit margin · bottom line · cost control · allocation · variable costs · fixed costs · break-even point · burn rate · reconciliation · prioritization · financial statements · contingency funds · corporations · cost-benefit analysis · capital expenditures
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