Operating budget

A reasonable expectation of future income and expenses from property operations.
Example: An operating budget was prepared each year for each hotel owned by the Reit. During the year, budget analysts would compare actual financial performance to the budget to determine reasons for variances, especially underperformance, to identify problems that needed to be resolved.

The noun has one meaning:

Meaning #1: a budget for current expenses as distinct from financial transactions or permanent improvements

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An operating budget is the annual budget of an activity stated in terms of Budget Classification Code, functional/subfunctional categories and cost accounts. It contains estimates of the total value of resources required for the performance of the operation including reimbursable work or services for others. It also includes estimates of workload in terms of total work units identified by cost accounts.

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more information: http://www.plu.edu/~mgtacctg/operational_budgeting.htm

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