Section 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.Added by Laws 2017 , ch. 62, § 1, eff. 7/1/2017.