The budget target represents the amount the FY18 Operating Budget Net Operating Surplus/(Deficit) line needs to be increased by to meet your FY19 Operating Budget Net Surplus/(Deficit). For example, if your FY18 Operating Budget Net Surplus/(Deficit) was ($435K) and your target is $356, then your FY19 Operating Budget Net Surplus Deficit will need to be ($79K) or better to meet your FY19 Operating Budget target. We have included additional language in Appendix 1 of the FY19 Operating Budget Guidlines to include examples of this.
I wanted to confirm my interpretation of our budget "target." My interpretation is that this is not the target for our surplus/deficit, but rather the amount that our budget needs to be lowered by. Is that right?