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The Operating (Master)budget Identifies the Allocation of Funds Required to Operate

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The operating (master)budget identifies the allocation of funds required to operate a business at a projected level of revenue.


Definitions:

Parking Meters

Devices installed on streets that collect payment from drivers for the right to park in a designated space for a limited amount of time.

Purchase Order

A formal request issued by a buyer to a seller, detailing the products or services ordered and the agreed-upon prices.

Restricted Grant

Funding provided for a specific purpose, with limitations on how it can be spent by the recipient.

Election Day

A designated day when voters participate in the electoral process to choose officials or decide on issues.

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