departmental budget

Quick Reference

A budget for a particular department of an organization for a budget period. Ideally, it will be produced either by, or in consultation with, the department manager concerned in accordance with the procedures set out in the budget manual; coordinated with other budgets on which it may have an impact; and agreed with the budget committee for integration into the master budget, which is submitted to the board of directors for approval.

Subjects: Accounting.

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