Get the free GENERAL FUND SUMMARY OF EXPENDITURES DEPARTMENT 2009 - coralville

GENERAL FUND SUMMARY OF EXPENDITURES DEPARTMENT 2009 ADOPTED 2010 ADOPTED Police CSO / Animal Control $ $$$3,366,186104,6933,649,551 136,158 Fire $ $645,540 702,639 Outside Programs/Museum Human Services

How to fill out general fund summary of

To fill out the general fund summary, follow these steps:

1. Start by gathering all relevant financial information related to the general fund. This may include income statements, expense reports, budget information, and any other documentation that provides details about the fund's activities.
2. Begin by inputting the total revenue received by the general fund during the specified period. This includes any tax revenues, grants, donations, or other sources of income specifically designated for the general fund.
3. Next, list all the expenses incurred by the general fund. Categorize these expenses into relevant sections such as personnel costs, operating expenses, capital expenditures, debt service payments, and other relevant categories.
4. Calculate the difference between the total revenue and total expenses. If the revenue exceeds the expenses, it indicates a surplus. If the expenses exceed the revenue, it indicates a deficit.
5. Include any additional information or disclosures that may be required on the general fund summary. This could include explanations for significant variances, highlights of key initiatives or projects undertaken by the fund, and any other pertinent details.

The general fund summary is typically needed by various stakeholders, including:

1. Government organizations and agencies responsible for overseeing and managing public finances. They require this summary to understand the financial performance and position of the general fund in relation to the overall budget.
2. Auditors who assess the accuracy and compliance of financial statements. They rely on the general fund summary to evaluate the appropriateness of revenue recognition, expense allocation, and overall financial management.
3. Elected officials and policymakers who make decisions based on the financial health of the general fund. They use the summary to analyze the fund's performance, identify areas for improvement, and make informed decisions regarding budget allocations and resource utilization.

In summary, filling out the general fund summary involves gathering financial information, documenting revenue and expenses, calculating the net result, and providing additional disclosures. The summary is needed by government organizations, auditors, and decision-makers to evaluate the fund's financial position and make informed decisions.

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