operational budget

Definition

A short-term budget, usually prepared annually, based on estimates of income and expenses associated with the organizations operations. Items such as administration, labor, manufacturing costs, marketing and any other production associated costs are included, while long term items such as capital debt and income not associated with companies operations, such as investments, are excluded.

Use operational budget in a sentence

You need to make sure that you do not exceed your operational budget or you may need to change your plans.

​ Was this Helpful? YES  NO 7 people found this helpful.

Our operational budget was really great and we all had a lot to work with and we all knew what we were doing.

​ Was this Helpful? YES  NO 4 people found this helpful.

My boss asked me to prepare the operational budget for our department and required me to speak with human resources and marketing before bringing their financial requirements to him.

​ Was this Helpful? YES  NO 3 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
operation of law operational gearing