The stochastic model of Weickmann et al. for the global angular momentum budget is modified to become applicable to latitude belts. In particular, a Langevin equation is added for the flux divergence of angular momentum in a belt. The friction torque T-f is assumed to be purely damping with respect to angular momentum M. The mountain torque T-o is generated by red noise but also damps angular momentum directly as suggested by recent stochastic models. The model parameters are tuned such that the variances of all model variables come close to the observations. The corresponding equations for the covariance functions of all variables are solved analytically. The results are compared to observations for selected belts. It is found that the model captures the observed decay rates of all covariance functions. The covariance of the flux divergence and the angular momentum is simulated successfully for positive lags but rarely for negative ones. The covariance of friction torque and angular momentum is reproduced reasonably well. The model is also successful with respect to the covariance of mountain torque and M in the Tropics, but there are large discrepancies at midlatitudes because the observed mountain torque events are accompanied by flux divergences in these belts.