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B Definition of Budget Formulation 1) Budget formulation consists of all steps, actions, and documentation in the budget process that are required or that properly should be taken in advance of the enactment by the Congress of an appropriation bill 2) Budget formulation implicitly includes program performance analysis that is conducted
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gressional Budget Office (CBO) in 1983 (app B), this chapter develops a profile of financial pol-icies and practices now followed at 60 of the Na-tion’s larger commercial airports and assesses trends in airport financial management since Fed-eral deregulation of the airline industry in 1978 Brief attention is also given to management and
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Figure 6 1 Budget Increase Does Not Exceed 115 of Prior Year’s Assessments 64 Figure 6 2 Budget Increase Exceeds 115 of Prior Year’s Assessments 65 Sample Budget For the Fiscal Year January 1, 2002 through December 31, 2002 78
Construction Terminology Cheat Sheet
Move Budget Estimate As opposed to a Small Project Approval Form (SPAF), a Move Budget Estimate is for any small furniture reconfiguration, new furniture order and/or furniture or box move The move budget estimate can also include small electrical and cable work, patching/painting and carpeting of an office or small area Notice of Completion
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