An expenditure budget for the next fiscal year is the combined operating budgets for the departments or units, plus the next year's capital budget, plus annual depreciations and amortizations.

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An expenditure budget is a financial plan that outlines the expected expenses of an organization over a specific period of time. It includes the operating budgets of the various departments or units, as well as the capital budget, which outlines the planned expenditures on long-term assets. Additionally, it includes annual depreciations and amortizations, which are non-cash expenses that reduce the value of assets over time.

An Expenditure Budget for the Next Fiscal Year Is the Combined