Definitions for "Annual budget"
The total funds allocated to OSI/SCI within a fiscal year. The budget is typically expressed as a percentage of payroll, not including locality pay or premium pay. Both competitive practices and organizational performance are considered when determining the annual budget.
For an existing business, this is a realistic budget for the current fiscal year based on past income and expenditures. It includes anticipated changes in income and spending that may occur during the year. For a start-up business, this is a realistic projection of the income and costs of doing business for a year.
A budget applicable to a single fiscal year. SEE BUDGET OR OPERATING BUDGET.