Budget: Difference between revisions
Malcolmmcc (talk | contribs) No edit summary |
Malcolmmcc (talk | contribs) No edit summary |
||
| Line 1: | Line 1: | ||
{{FinanceBar}} | {{FinanceBar}} | ||
{{DriveIcon|1=http://budget.mcgilleus.ca}}{{CustomIcon|link=https://drive.google.com/file/d/1PcPnuDZowUH8Q0UkJ8c7oiFl0KPT2TTk/view|color=#5FB56E|icon=fal fa-file-spreadsheet|popup=Budget Template|hover=View Template}} | |||
A '''''budget''''' is a plan of expenditures and revenues for the year. It is not a request for [[funding]] – it is a forecast of where money is coming from and where it is leaving. A budget should be as accurate as possible, and should be binding (unless something unexpected comes up – in that case you must get the appropriate approvals to deviate from the budget). '''There should be some flexibility built into budgets to avoid overspending.''' Note the difference between a [[budget]], [[Internal record]]s, and the [[EUS record]]s. | A '''''budget''''' is a plan of expenditures and revenues for the year. It is not a request for [[funding]] – it is a forecast of where money is coming from and where it is leaving. A budget should be as accurate as possible, and should be binding (unless something unexpected comes up – in that case you must get the appropriate approvals to deviate from the budget). '''There should be some flexibility built into budgets to avoid overspending.''' Note the difference between a [[budget]], [[Internal record]]s, and the [[EUS record]]s. | ||
==How to Budget== | ==How to Budget== | ||