- DOES YOUR ORGANISATION'S GOVERNING BODY OVERSEE THE ANNUAL OPERATING BUDGET (BASELINE), AND WILL IT BE BY 2020 (TARGET)? Guidance - An organisation-level annual operating budget gives a complete assessment of a Partner's financial requirements annually, which is invaluable when fundraising as well as monitoring and controlling expenditure. For this reason an organisation annual operating budget, approved by the governing body to give it full legitimacy, should be the cornerstone for financial planning. Please describe in the notes field below how the governing body and management oversee the organisation’s