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What does funding mean?

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Anonymous

12y ago
Updated: 1/11/2023

If you have budgeted a certain amount of money for a certain purpose, let us say, you have $1000 to produce a party, and you have decided to spend $500 on drinks, $200 on snacks, $100 on decorations, and $100 to hire an entertainer, that adds up to $900; if you have not decided what you want to do with the remaining $100, then that money constitutes unallocated funds. It is unallocated because you have not decided what it is for.

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Felton O'Hara

Lvl 10
3y ago

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