Definition of Program Budget

by Jennifer VanBaren; Updated September 26, 2017

A program budget is a budget designed for a specific activity or program. This budget includes only revenue and expenses for a specific program. Program budgets are used in many organizations including businesses and schools.

Description

Budgeting is a technique used to plan for the financial activities of an organization. Many organizations have departments or programs within the larger organization. Each department or program may perform activities requiring a budget. A budget lists all revenues and expenditures and helps a program control the financial activities in which it takes part.

Process

A school, for example, has different programs within the organization. A human resource committee is a common program within a school that has a program budget. The committee follows a set of objectives and the money spent within the budget must match the goals set for the committee and the entire organization as a whole.

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Responsibilities

Programs or committees having a budget are responsible for maintaining the budget. This includes finding additional ways to earn money. The program is also responsible for spending the money wisely to benefit the organization.

About the Author

Jennifer VanBaren started her professional online writing career in 2010. She taught college-level accounting, math and business classes for five years. Her writing highlights include publishing articles about music, business, gardening and home organization. She holds a Bachelor of Science in accounting and finance from St. Joseph's College in Rensselaer, Ind.

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