What is an officially adopted budget called?

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1170918

2026-03-11 09:50

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An officially adopted budget is commonly referred to as an "appropriated budget." This budget is formally approved by a governing body, such as a city council or legislative assembly, and outlines the allocation of funds for specific purposes within a set fiscal period. Once adopted, it serves as the legal authorization for expenditures and helps guide financial planning and management.

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