“All right. Next item of business is our departmental savings goals.”
You're leading a meeting at work. You've finished talking about the first topic of the meeting. Now you say this to introduce the next topic.
All right. Next item of business is our departmental savings goals.
You can use "All right" at the beginning of a sentence when you're changing from one topic to another. For example, a history teacher might say this:
All right, I think we've covered the French Revolution. Now let's talk about the Napoleonic Wars.
An "item" just means a thing. We talk about "items" in a list:
A: How many more items are left on the checklist?
B: Just three.
When someone runs a meeting, they have a list of topics that need to be discussed. You can call those topics "items of business":
So... what's the first item of business?
The list of items that need to be discussed in a meeting is called the "agenda". An agenda can be written down and formally presented to everyone in the meeting, or it can just be in the mind of the person who's running the meeting.
In this case, "The next item of business..." is shortented to "Next item of business..."
"Departmental" is the adjective form of "department". You use it to talk about a department in a company or other organization.
Some common phrases that use the word "departmental" are:
- a departmental meeting
- departmental goals
- a departmental budget
- departmental structure
A "savings goal" is an amount of money that you would like to save:
My savings goal for this year is $3,000 dollars.