What general principle governs the expenditure of funds in squadron activities?

The correct choice emphasizes the importance of fiscal responsibility and accountability in the management of public funds. Following a budget ensures that financial resources are allocated according to predetermined priorities and organizational objectives. Documented approval serves as a safeguard against unauthorized expenditures, providing a clear trail that shows how funds were allocated and spent.

This principle is crucial in maintaining financial discipline, ensuring transparency, and adhering to regulations that govern public funds. It helps in preventing misuse or mismanagement of financial resources, ultimately fostering trust and integrity within the organization. The requirement for documentation also facilitates accurate reporting and compliance with audit standards, ensuring that all expenditures align with the approved budgetary constraints. Overall, adhering to a well-structured budget and documented approvals fosters effective financial oversight within squadron activities.