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PHILLIPS COUNTY GENERAL FUND SUMMARY
2012 BUDGET FUND 10
DESCRIPTIONACTUAL PRIOR2011PROPOSEDFINAL 20122010BUDGETYTD ACTUAL PROJECTED
TO 201120112012BUDGETREVENUE2,386,8401,901,5591,984,6392,024,3661,993,1321,993,255EXPENDITURES2,194,3262,557,5361,705,7352,241,8342,625,8952,635,112TRANSFER
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01
Gather all relevant financial information, such as income statements, expense reports, and balance sheets.
02
Calculate the total revenue generated by the county government, including taxes, fees, grants, and other sources.
03
Identify all expenses incurred by the county government, including operational costs, salaries, debt payments, and capital expenditures.
04
Determine the net income or deficit of the general fund by subtracting total expenses from total revenue.
05
Prepare the general fund budget for the upcoming fiscal year, allocating funds for various departments and programs based on their needs and priorities.
06
Monitor and track the actual revenue and expenses throughout the year, and make necessary adjustments to the budget as needed.
07
Prepare regular financial reports and statements to keep stakeholders informed about the financial health of the Phillips County General Fund.
Who needs Phillips County General Fund:
01
The Phillips County government relies on the General Fund to finance its day-to-day operations and provide essential services to residents, such as public safety, education, transportation, and infrastructure maintenance.
02
County officials and administrators need the General Fund to allocate resources efficiently and effectively, making informed decisions about budget priorities and funding allocations.
03
Taxpayers and residents of Phillips County need the General Fund to ensure accountability and transparency in how their tax dollars are collected and spent.
04
External stakeholders, such as auditors, credit rating agencies, and potential investors, may also need to access information from the General Fund to assess the financial stability and fiscal responsibility of Phillips County.
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What is phillips county general fund?
The Phillips County General Fund is the primary operating fund for Phillips County government. It is used to account for all financial resources except those required to be accounted for in another fund.
Who is required to file phillips county general fund?
All departments and agencies of Phillips County government are required to file the Phillips County General Fund.
How to fill out phillips county general fund?
To fill out the Phillips County General Fund, departments and agencies need to report all financial resources received and expenditures made within the fiscal year.
What is the purpose of phillips county general fund?
The purpose of the Phillips County General Fund is to provide a clear and accurate picture of the financial operations of Phillips County government.
What information must be reported on phillips county general fund?
All financial resources received, including taxes, fees, grants, and donations, as well as all expenditures made by Phillips County government.
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