wichita.edu
…current salary + Salary of new employee = New Period’s Budget. ($1,000,000 + $20,000 +$50,000 = $1,070,000). The incremental budgeting approach is widely used by educational institutions, governments, and large organizations that allocate funds to departments due to its ease of use, consistency and operational stability, and funding stability. In the…
https://www.wichita.edu/administration/budget/DevelopingBusinessPlanandAnnualBudgetRequest.php