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It said budgets were based on the cost of covering previous events – "rolled forward versions of previous budgets" – but there was a "more comprehensive budget-building process for the four-yearly Olympics and Euro football finals".
Their 1998 budgets were based on $17 oil.
These deficits have been worse than investors expected: in part because public finances have been opaque, and in part because budgets were based on wildly optimistic economic assumptions.
People were relying on the bonus structure; Sales goals and budgets were based on the projections of how many accounts would be opened; Top executives probably had it as part of their KPI goals.
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Federal fire budgets are based on a percentage of a 10-year average season, with emergency funds available for heavy seasons.
That should be enough time to deal with legitimate concerns, like how to help states whose Medicaid home care budgets are based on the previous pay practices.
The bad news: The projected budgets are based on estimates of economic trends, in areas like the housing market, that may drastically change.
The number of cases has no impact on how much federal money the regional agencies receive -- legal service budgets are based on census data, not on cases -- but are important for measuring programs' efficiency.
"Next year's capital budgets are based on this year's results," McLean says.
CTSAs' budgets are based on previous NIH support, as well as the scale and scope of the requested project.
Nowadays, annual hospital budgets are based on the expected number of inpatients and the types of admissions.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com