What is typically included in a facility's operating budget?

A facility's operating budget typically comprises a comprehensive financial plan that outlines both projected income and expenses. This detailed budget is instrumental in managing the facility effectively, ensuring that all financial aspects are considered.

It includes revenue generated from various sources, such as ticket sales, concessions, sponsorships, and rentals, while also accounting for operational costs like staffing, maintenance, utilities, and marketing expenses. By incorporating both income and expenses, the budget serves as a roadmap for financial planning and helps facility managers make informed decisions to achieve financial sustainability and operational efficiency.

The correct focus on projected income and expenses distinguishes this approach from only including projected income or expenses, which would offer an incomplete view of the facility's financial situation. Additionally, while a list of scheduled events may reflect activities at the facility, it does not provide the financial overview necessary for effective budget management.