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Consent Agenda
Resolution
#201313
BOROUGH OF LINWOOD
TEMPORARY BUDGET
WHEREAS, Section 40A:419 of Revised Statutes of the Local Budget Act provides
that, where any contracts, commitments or payments
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What is temporary budget?
Temporary budget is a budget that is created for a short period of time to cover expenses until a final budget is approved.
Who is required to file temporary budget?
Government agencies, organizations, or businesses that need to continue operating while a final budget is being prepared are required to file temporary budgets.
How to fill out temporary budget?
To fill out a temporary budget, one must list all estimated expenses and income for the specified period, ensuring that expenditures do not exceed revenue.
What is the purpose of temporary budget?
The purpose of a temporary budget is to provide temporary funding for operations until a final budget is approved and implemented.
What information must be reported on temporary budget?
A temporary budget must include all estimated expenses, revenue sources, any anticipated changes in funding, and a breakdown of how funds will be allocated.
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