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A quarterly newsletter published by the West Virginia State Agency for Surplus Property, providing updates and information about surplus property available for eligible organizations and the benefits
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How to fill out Surplus Sense

01
Visit the Surplus Sense website.
02
Create an account or log in if you already have one.
03
Navigate to the 'Fill Out Form' section.
04
Start with your personal information: name, address, and contact information.
05
Provide detailed information about the surplus items: description, quantity, and condition.
06
If applicable, upload any necessary photos or documents.
07
Review the entered information for accuracy.
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Submit the form and wait for confirmation or feedback.

Who needs Surplus Sense?

01
Businesses looking to sell excess inventory.
02
Non-profit organizations needing to dispose of surplus goods.
03
Individuals with personal items they wish to sell.
04
Manufacturers with leftover stock that can be sold at a discount.
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People Also Ask about

There is a surplus of workers and not enough jobs. If there is any surplus, it will be divided equally. In the first quarter of last year, the budget had a surplus of around $16 billion. Photos of Morin were taped to trees along the paved route — a surplus of flowers were left by those trees.
The word surplus has familiar parts: sur- is a shortened form of super, meaning "extra" or "additional," and plus just means "more." Definitions of surplus. noun. a quantity much larger than is needed. synonyms: excess, nimiety, surplusage.
There is a surplus of workers and not enough jobs. If there is any surplus, it will be divided equally. In the first quarter of last year, the budget had a surplus of around $16 billion.
an amount that is more than is needed: a surplus of sth The plant had a surplus of components. ACCOUNTING, ECONOMICS. the amount of money that you have left when you sell more than you buy, or spend less than you receive: The savings will create a surplus of a little more than $24 million.
What is a Surplus Budget? A surplus budget is a condition when incomes or receipts overreach costs or outlays (expenditures). A surplus budget normally refers to the financial conditions of the governments. However, individuals choose to use the term 'savings' rather than 'budget surplus.
Reserves are the funds earmarked for a definite reason or purpose that the business plans to use in the future and surplus is the profit of a business.
1. : the amount more than what is required or necessary : excess. 2. : an excess of income over spending. surplus adjective.

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Surplus Sense is a financial reporting document used to disclose surplus revenues or earnings that exceed the expected thresholds, often used in financial audits and assessments.
Organizations that exceed a certain level of surplus revenues, typically defined by regulatory authorities or governing bodies, are required to file Surplus Sense.
To fill out Surplus Sense, organizations must gather financial data, calculate surplus figures, and complete the form by inputting relevant figures and supporting documentation as required.
The purpose of Surplus Sense is to provide transparency to stakeholders about excess revenues, ensuring proper management of surpluses and compliance with financial regulations.
The information that must be reported on Surplus Sense includes total surplus amount, revenue sources, expenditure details, and any applicable underlying financial statements.
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