IFO4
Loading...A formally approved plan that allocates expected revenue and expense across a defined fiscal period, typically a quarter or full year. The budget is the binding commitment of the planning process and is the reference against which actual performance is measured. The federation requires budgets to be approved by the responsible governance body, version-controlled, and reconciled to the underlying chart of accounts. Material in-period reforecasts that supersede the original budget are disclosed as separate baselines under UFMS-001:4.1, with the original budget retained for variance attribution.
From Old French bougette, a small leather pouch; the financial sense entered English in the seventeenth century with the parliamentary tradition of the chancellor opening the budget.
Federation members publish an approved budget at the start of each fiscal period, with version-controlled revisions retained. Budget-to-actual variance is reported quarterly under MEV-Annex:5.1. Budgets unapproved by the governance body are not federation-grade.
@misc{ifo4_glossary_budget,
title = {{Budget}},
author = {{IFO4 Federation Editorial Board}},
howpublished = {{IFO4 Federation Glossary, slug \texttt{budget}}},
year = {2026},
url = {https://ifo4.org/glossary/budget},
note = {Category: Budget & Forecast; key: Budget}
}Federation members and accredited practitioners may challenge any entry under TGS-002:1.7. Filed challenges are routed to the editorial board, triaged into the revision register, and resolved in writing on the public docket. The slug remains stable through any revision.