Final answer:
The section of a job description that details budgetary limitations is typically called the management and budget section, aligned with the president's budget comprising receipts and expenditures reflecting policy goals.
Step-by-step explanation:
The part of the job description in which budgetary limitations are identified could be referred to by different titles, but commonly it's part of the management and budget section. When a president prepares a budget, it reflects the policy goals and priorities for the upcoming fiscal year, which includes receipts (anticipated revenues) and expenditures (expected spending). A budget constraint, in economics, represents the trade-offs and illustrates the range of choices within fiscal boundaries. It is important to understand that choices beyond the budget constraint are not affordable. In the context of a job description, the section that outlines these fiscal limits advises on the financial scope and limitations within which the job operates.