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Approved Budget means a Work Programme or a Budget that has been approved by the Management Committee pursuant to the provisions of this Contract.
ADOPTED BUDGET The financial plan approved by the City Council, which forms a basis for appropriations. The final draft of the budget document includes Budget Committee and City Council revisions and is submitted to the State for filing.
Kansas Governor Laura Kelly signed the state's budget bill for fiscal 2024 on April 21. The fiscal 2024 all funds budget totals 23.8 billion, a 3.7 percent decrease from fiscal 2023. General fund expenditures for fiscal 2024 total $9.47 billion, a 2.1 percent increase from fiscal 2023's approved level.
Running a budget surplus means there is additional money to spend at the end of the accounting period, which is generally a fiscal year. This extra cash can be used to pay off debts or be reinvested in other projects.
A budget revision makes changes to an existing budgeted amount. It does not increase or decrease the total budget, so the total of all changes must equal to zero.
? Adopted Budget: The approved budget that each College or Department starts with at the beginning of the Fiscal Year. ? Adjusted Budget: The budget after any adjustments (budget transfers) that are made throughout the year.