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Form BD04 is used to request a current year budget revision. It allows funds to be temporarily moved between accounts for the current fiscal year only.
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How to fill out Temporary Current Year Budget Revision (BD04)

01
Gather all relevant financial documents and data for the current budget year.
02
Review the current budget to identify areas that require revision.
03
Open the Temporary Current Year Budget Revision (BD04) form.
04
Fill in the header section with your department name and budget year.
05
List the account numbers alongside the corresponding budget line items that need revision.
06
Indicate the original budget amounts for each line item being revised.
07
Specify the revised amounts for each line item.
08
Include a brief justification for each revision in the designated comments section.
09
Review the completed form for accuracy and completeness.
10
Submit the completed BD04 form to the appropriate financial authority for approval.

Who needs Temporary Current Year Budget Revision (BD04)?

01
Departments or units that experience changes in funding needs during the budget year.
02
Organizations that require adjustments to their current budget due to unforeseen circumstances.
03
Financial officers or managers responsible for budget management within an organization.
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People Also Ask about

How Often Should You Review Your Budget? There's no one-size-fits-all answer here, but reviewing your budget monthly or quarterly is generally a good idea. Monthly reviews allow you to monitor cash flow closely and make minor adjustments before issues grow.
0:53 4:11 And finally we will add the revision date to do this we'll go to the financial consultant line inMoreAnd finally we will add the revision date to do this we'll go to the financial consultant line in the total column which is column H.
We have put together 5 simple steps to revise your budget and get back on track. Step 1: Track your spending. Step 2: Calculate expenses. Step 3: Find extra money. Step 4: Adjust your budget. Step 5: Talk to a financial professional.
A Budget Adjustment moves an existing budget allocation within an account. A Budget Revision increases the total account budget. When there is budget allocation available in an account it may be moved from one object code to another through a budget adjustment.
This principle says for each dollar you earn or are given, you should save 10%, share 10%, invest 10% and spend 70%. A key part of this formula is “paying yourself first” which means the first 30% of your earnings are paid to you, for your benefit … for your retirement, for emergencies, and for sharing with others.
Budget Revision Process�Overview. Budget Revisions. Revisions are used to transfer funds between Departments and/or accounts. Revisions are also used to create a budget entry for cash deposited to revenues and recovery accounts. A budget revision is used to either temporarily or permanently revise budgets.
DEFINITION: A budget revision is an official change to an approved budget to accommodate new information, needs, or priorities. A budget revision is the formal process of modifying an approved budget to reflect changes in an organization's financial needs, resources, or priorities.
Budget Revision Process�Overview. Budget Revisions. Revisions are used to transfer funds between Departments and/or accounts. Revisions are also used to create a budget entry for cash deposited to revenues and recovery accounts. A budget revision is used to either temporarily or permanently revise budgets.

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Temporary Current Year Budget Revision (BD04) is a financial document used by organizations to make adjustments to their current budget for a fiscal year, allowing for revisions in spending or revenue projections.
Organizations, departments, or entities that experience changes in their financial circumstances or need to modify their existing budget plans are required to file Temporary Current Year Budget Revision (BD04).
To fill out Temporary Current Year Budget Revision (BD04), one must provide the current budget amounts, specify the proposed revisions, and include necessary justifications or explanations for the changes being requested.
The purpose of Temporary Current Year Budget Revision (BD04) is to ensure that the budget remains relevant and accurately reflects the organization's needs, allowing for the efficient allocation of resources in response to changing circumstances.
The information that must be reported on Temporary Current Year Budget Revision (BD04) includes the original budget amounts, the proposed changes, the reasons for the revisions, and any impacts on future budgets or financial planning.
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