personnel budget definition
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Definitions &Translations Freebase(5.00 / 1 vote)Rate this definition: Personal budget. A personal budget is a finance plan that allocates future personal income towards expenses, savings and debt repayment. Past spending and personal debt are considered when creating a personal budget. There are several methods and tools available for creating, using and adjusting a personal budget.
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- Personnel costs generally include salaries, payroll taxes, and fringe benefits. In the majority of. non-profit organizations, personnel cost account for 50% to 70% of total expenses. 1. At the time of preparing the annual budget for the organization, identify the employees. and the programs/activity to which they relate.
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Military budget of the United States Military budget of the United States. The military budget is the portion of the discretionary United States federal budget allocated to the Department of Defense, or more broadly, the portion of the budget that goes to any military-related expenditures.
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What is a 'What is a Budget? Budgeting Terms and Tips' What does 'Budget' mean. A budget is an estimation of the revenue and expenses over a specified future period of time and is compiled and re-evaluated on a periodic basis. A surplus budget means profits are anticipated, while a balanced budget means that revenues are expected to equal expenses. A deficit budget means expenses will exceed revenues.
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- federal budget noun [C]. › the ​amount of ​money that is ​available for a ​federal ​government to ​spend in a particular ​year: a ​federal ​budget ​deficit/​surplus. (Definition of federal budget from the Cambridge Business English Dictionary © Cambridge University Press). Browse. 1  federal appeals court.
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Definitions &Translations Editors Contribution(0.00 / 0 votes)Rate this definition: A type of budget created by a business, company or organization for the complete number of employees that are employed in labor, used, accounted, recorded and apportioned accurately when needed. Every business, company or organization that employs people has a monthly labor budget.
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Budget Unsourced material may be challenged and removed. (March 2011) A budget is a quantitative expression of a financial plan for a defined period of time. It may include planned sales volumes and revenues, resource quantities, costs and expenses, assets, liabilities and cash flows. It expresses strategic plans of business units, organizations, activities or events in measurable terms.
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- Personnel File Definition: An employer's folder of employee records collected in regards to qualifications, promotion, transfer, compensation or disciplinary action. In Copley Press, Justice Tom Lytton of the Appellate Court of Illinois considered whether the contents of a personnel file was in or outside the scope of a freedom of information statute.
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- I work in the Human Resources department and it is my job to hire all our personnel and get them settled into their jobs. 23 people found this helpful. Often a non-profit agency will have personnel costs, such as salaries and insurance, as the highest budget item that must be accounted for during the fiscal year.
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Personnel Management Nature of Personnel Management. 1  Personnel management includes the function of employment, development and compensation- These functions are performed primarily by the personnel management in consultation with other departments. 2  Personnel management is an extension to general management. It is concerned with promoting and stimulating competent work force to make their fullest contribution to the concern. Personnel management exist to advice and assist the line managers in personnel matters. Therefore, personnel department is a staff department of an organization. Personnel management lays emphasize on action rather than making lengthy schedules, plans, work methods. The problems and grievances of people at work can be solved more effectively through rationale personnel policies.
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- What Is a Budget Proposal? A budget proposal is an estimate of the future costs, revenues and resources over a specific period of time. Both the business world and almost all levels of government use this type of financial tool. A budget proposal can be tailored to deal with complex financial figures, like those used by the federal government, or it can used with much smaller financial numbers, like a single business project.
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A.P. Gov budget terms SURPLUS: amount gov. budget receipts exceed budget outlays for the year. (more money coming in than out) DEFICIT: total budget outlays exceed total revenue. (more money going out than in.) budget year. plan during current year, starts Oct. 1 every year.
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U.S. Defense Spending Compared to Other Countries See our permissions policy. The PGPF chart pack illustrates that budget-making involves many competing priorities, limited resources, and complex issues. In this set of charts, we aim to frame the financial condition and fiscal outlook of the U.S. government within a broad economic, political, and demographic context. Download (.PDF)
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Anatomy and Function of the Heart Valves There are four valves within the heart: 1  The tricuspid valve is between the right atrium and the right ventricle. 2  The pulmonary valve is between the right ventricle and the pulmonary artery. 3  The mitral valve is between the left atrium and the left ventricle. 4  The aortic valve is located between the left ventricle and the aorta.
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What is a 'What is a Budget? Budgeting Terms and Tips' An estimation of the revenue and expenses over a specified future period of time. A budget can be made for a person, family, group of people, business, government, country, multinational organization or just about anything else that makes and spends money. A budget is a microeconomic concept that shows the tradeoff made when one good is exchanged for another. Next Up.
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budget 1. an estimate, often itemized, of expected income and expenses for a given period in the future. 2. a plan of operations based on such an estimate. 3. an itemized allotment of funds, time, etc., for a given period. 4. a sum of money set aside or allowed for a particular purpose: the construction budget. 5. a limited stock or supply of something.
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What Is a Master Budget? Depending on the size of the firm, the master budget is a comprehensive budget planning document. It usually has two parts, the operating budget, and the financial budget. The operating budget shows the income-generating activities of the firm, including revenues and expenses. The result is a budgeted income statement.
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2015 United States federal budget According to the Congressional Research Service, the federal budget is a compilation of numbers about the revenues, spending, and borrowing and debt of the government. Revenues come largely from taxes, but stem from other sources as well (such as duties, fines, licenses, and gifts).
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Definition of 'budget' Definition of 'budget'. budget (bʌdʒɪt ) Your budget is the amount of money that you have available to spend. The budget for something is the amount of money that a person, organization, or country has available to spend on it. She will design a fantastic new kitchen for you–and all within your budget. Someone had furnished the place on a tight budget.
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Budget A budget is a quantitative expression of a plan for a defined period of time.It may include planned sales volumes and revenues, resource quantities, costs and expenses, assets, liabilities and cash flows. It expresses strategic plans of business units, organizations, activities or events in measurable terms. budget (derived from old French word bougette, purse) is a quantified financial plan for a forthcoming accounting period.
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- budget preparation definition, budget preparation meaning | English dictionary. Search also in: Web News Encyclopedia Images. budget. n. 1 an itemized summary of expected income and expenditure of a country, company, etc., over a specified period, usually a financial year.
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Capital budget Capital Budget. A plan for a company's capital expenditures. Capital expenditures are payments made over a period of more than one year. They are used to acquire assets or improve the useful life of existing assets; an example of a capital expenditure is the funding to construct a factory.Making a capital budget must account for the potential profitability of the plans involved.hey are used to acquire assets or improve the useful life of existing assets; an example of a capital expenditure is the funding to construct a factory. Making a capital budget must account for the potential profitability of the plans involved.
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What is a 'Budget Deficit'? DEFINITION of 'Budget Deficit'. A status of financial health in which expenditures exceed revenue. The term  budget deficit  is most commonly used to refer to government spending rather than business or individual spending. When referring to accrued federal government deficits, the term national debt” is used. The opposite of a budget deficit is a budget surplus, and when inflows equal outflows, the budget is said to be balanced.
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- 29 (1995 p.65) “Not only is the budget a financial accounting of the receipts and expenditures of the government, it also sets forth a plan for allocating resources – between public and private sectors and within the public sector – to meet national objectives.
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- A budget is defined as management's quantitative expression of plans for aforthcoming period. Budgets are prepared at various levels of an organiza-tion. The master budget is defined as the overall financial plan for the period,which reflects the organization's goals and objectives. The master budgetincludes operating and financial budgets. Operating budgets show the com-pany's planned sales and operating expenses.
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2015 United States federal budget The budget does not determine the actual spending of the federal government. Instead, the budget establishes the amounts that appropriations subcommittees are allocated to spend (called 302(b) allocations) on the various agencies, departments, and programs within the purview of each.