Income and expenditure of an operating budget
An operating budget sets the expected resources against the planned costs over the year. On the income side, you generally find:
- Membership fees.
- Public grants (local, national, sometimes European).
- Donations, sponsorship and resources from private partners.
- Activity income (events, sales, services).
On the expenditure side, you distinguish structural costs (rent, insurance, supplies), any staff costs, communication costs and costs linked to ongoing activities. The aim is to present a balanced budget, or a justified one if it is in deficit.