Definitions for "OPERATING BUDGET"
estimates revenue and expenses for the enterprise for some period of time. Page 324
Management's operating plans as reflected by detailed listings of projected selling expenses and general and administrative expenses.
Financial plans for the expenditure of funds for anticipated needs during a fiscal year, such as for personnel, parts and materials, and most contracted services. Operating funds are supported by corporate income. Operating budgets are usually prepared for a period of one year or less. See also Capital Budget.