§ 16-12-402 — Definitions

(a) As used in this article:
(i) "Appropriation" means an allocation of money to
be expended for a specific purpose;
(ii) "Budget" means a plan of financial operations
for a fiscal year embodying estimates of all proposed
expenditures, the proposed means of financing them and what the
work or service is to accomplish;
(iii) "Budget year" means the fiscal year or years
for which a budget is prepared;
(iv) "Department" means the state department of
audit;
(v) "Estimated revenue" means the amount of revenues
estimated to be received during the budget year in each fund;
(vi) "Fiscal year" means the annual period for
recording fiscal operations beginning July 1 and ending June 30;
(vii) "Fund balance" means the excess of the assets
over liabilities, reserves and contributions, as reflected by an
entity's books of account;
(viii) "Proposed budget" means the budget presented
for public hearing as required by W.S. 16-12-406 and formatted
as required by W.S. 9-1-507(a)(viii) and 16-12-403;
(ix) "Unappropriated surplus" means the portion of
the fund balance of a budgetary fund which has not been
appropriated or reserved in an ensuing budget year.