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A plan utilization budget is a financial tool used to allocate resources and track the usage of those resources against planned activities or projects. It helps organizations assess how effectively they are utilizing their budgeted funds in relation to their operational objectives. By comparing actual expenditures to planned amounts, organizations can identify variances, optimize resource allocation, and make informed decisions for future budgeting. This approach ensures that financial resources are aligned with strategic goals and operational needs.

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4d ago

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