What does a 'line item budget' provide?

A line item budget is specifically designed to present an itemized view of specific expenses and revenue sources. This format breaks down individual categories within a budget, detailing each line item with its corresponding cost or revenue amount.

This level of detail allows for precise tracking of funds and helps ensure accountability by making it clear where money is being allocated. For instance, a line item budget might specify expenses such as salaries, supplies, and equipment independently, rather than grouping them into broader categories. Such granularity aids in monitoring spending and helps in making informed financial decisions over time.

The other options do not accurately capture the essence of a line item budget. A summary of total anticipated expenses would lack the detailed insight provided by the individual items. A forecast of future financial trends relates more to projections and analysis rather than current budgeted items. Similarly, a breakdown of only fixed costs would not encompass the full range of expenses typically outlined in a line item budget, which includes both fixed and variable costs.