Which of the following statements is/are not true about budgeting? The statistics budget is the foundation budget, in that it develops the input data needed for the other budgets. The operating budget asually falls into the two: labor (wages, salaries, and fringe benefits) and nonlabor elements (associated expenses such as depreciation, leases, utilities, medical supplies, and administration). Smaller organizations may not have a separate statistics budget but instead may incorporate its data directly into the revenue and expense budgets or perhaps into a single operating budget. None of the above