The statutory due date of the Operating Budget is May 1st. Operating Budget: A plan for the yearly distribution of state resources for the ongoing operations of state programs. The Spring submission of the Operating Budget contains the most recent estimate of unrestricted and restricted revenues, expenditures, and transfers for the current fiscal year and a requested operating budget for the following fiscal year. Operating Budgets and Budget Adjustment Requests (BARs) Expenditures for the acquisition of, addition to, or major repair of fixed assets intended to benefit future periods. Three major funds make up about a third of the states operating budget. Government budgets often require legislative approval and are subject to political pressure from interest groups that compete for resources. Colorado must maintain a balanced budget each year, meaning that spending may. This page contains resources for institutions to submit these financial documents as well as a library of Reports of Actuals from previous fiscal years. The operating budget is one of the two parts of the master budget and is mainly divided into two broad categories of either revenue or expenses: Revenue This refers to any income coming into the business through sales, services, contracts or grants. A government budget is a document that presents a governing body’s anticipated revenues and proposed spending for a fiscal year. Operating Budgets, Budget Adjustment Requests (BARs) and Reports of Actuals are submitted to the Insitutional Finance Division at NMHED for review and approval. An operating budget is a detailed statement showing all the operational expenses and incomes expected during a particular period of time.

Define operating budget