Which of the following is a type of budget typically included in an adopted budget?

A performance budget is a type of budget that is typically included in an adopted budget as it focuses on the relationship between the funds allocated and the performance or outcomes achieved. This type of budget emphasizes the efficiency and effectiveness of spending by linking budgetary allocations to specific programs, activities, or outcomes. It allows organizations to assess how well they meet their objectives, making it easier to allocate resources in a way that maximizes effectiveness and accountability.

In contrast, pro forma budgets are often used for forecasting future financial plans; forecast budgets emphasize revenue and expense projections without necessarily tying them to specific performance outcomes. Variance budgets are typically used internally to analyze the differences between budgeted and actual figures after the budget period has passed. While these types of budgets provide useful information, they do not fit the criteria for inclusion in an adopted budget in the same way that a performance budget does.