Wyoming Statutes Title 16. City, County, State and Local Powers § 16-12-402. Definitions

(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.