Which term pertains to the expected outcomes and obligations during a budgeting process?

The term that relates to the expected outcomes and obligations during a budgeting process is Board Expectations. In the context of condominium management, board expectations pertain to the specific goals and responsibilities that the board of directors is expected to fulfill while overseeing the budget. This includes planning for expenses, prioritizing funding for various needs within the condominium, and ensuring that the financial resources of the condo corporation are managed effectively.

Setting clear board expectations fosters accountability and helps ensure that all stakeholders understand what is required. It lays the groundwork for how the budgeting process will unfold, including decision-making on expenditures and the allocation of funds, which in turn impacts the overall financial health of the condominium.

The other options highlight important concepts in financial management and governance but do not directly address the specific obligations and outcomes expected during the budgeting process. Budgetary accountability is focused on the responsibility of managing funds but does not encapsulate the proactive planning aspect. Financial transparency is about clear communication regarding finances and does not imply specific outcomes. Lastly, performance metrics are used to assess the execution of strategies but do not detail the obligations that arise during the budgeting phase.