Budgets are the mainstay for your annual funding planning and spending. These are required for a business to run and maintain an appropriate strategy in order to prevent loss and guarantee that expenses can be covered. This also affords the ability to see where shortfalls are and what is required to rectify that gap.  Budgets also significantly impact your grant requests.

https://zelenz.com/2020/03/02/how-budgets-impact-grant-requests-and-funding/