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COUNTY OF MONTGOMERY (NC)
DRAFT : FY16 BUDGET ORDINANCE : DRAFT
BE IT ORDAINED, by the Board of County Commissioners of the County of Montgomery, North Carolina:
SECTION I. PRIMARY GENERAL FUND REVENUES:
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How to fill out fy16 budget ordinance-draft

How to fill out the fy16 budget ordinance-draft:
01
Start by gathering all the necessary financial information and documents related to the fiscal year 2016 budget. This may include previous financial statements, revenue and expense reports, and any other relevant data.
02
Review the guidelines and instructions provided by the governing body or organization responsible for the budget ordinance-draft. Familiarize yourself with the specific requirements and formatting guidelines to ensure accuracy and compliance.
03
Begin by entering the basic information at the top of the budget ordinance-draft form. This typically includes the name of the organization or department for which the budget is being prepared, the fiscal year (in this case, fy16), and any other required details.
04
Proceed to the revenue section. Carefully analyze and document all expected sources of income and revenue for the fiscal year 2016. This may include grants, taxes, fees, or any other sources unique to your organization or department. Be sure to provide accurate estimates and detailed explanations for each revenue source.
05
Move on to the expense section. List all the anticipated expenses and allocate appropriate amounts to different categories and sub-categories. Common categories may include personnel costs, operational expenses, capital expenditures, and debt servicing. Ensure that the expenses align with the organization's goals and objectives for the fiscal year.
06
Provide comprehensive justifications for each expense item. This helps to justify the need for funding and ensures transparency in the budgeting process. Clearly explain how each expense supports the organization's mission and how it will contribute to achieving its goals.
07
Consider any additional or special considerations that may affect the budget. These may include contingency funds, reserves, or specific projects or initiatives that require separate funding or attention. Include these considerations in the appropriate sections of the budget ordinance-draft.
08
Review and double-check all the information provided in the budget ordinance-draft form. Ensure accuracy, completeness, and clarity. Make any necessary revisions or corrections before finalizing the document.
Who needs the fy16 budget ordinance-draft:
01
Government agencies or departments: Municipalities, state governments, and federal agencies often require the preparation of a budget ordinance-draft to allocate resources and plan for the fiscal year 2016.
02
Non-profit organizations: Non-profits need budget ordinance-drafts to plan their activities, secure funding, and demonstrate financial responsibility to donors and stakeholders.
03
Businesses and corporations: Companies need budget ordinance-drafts to manage finances, allocate resources, and plan for the fiscal year 2016. This helps in setting goals, making informed decisions, and evaluating performance.
In summary, the process of filling out the fy16 budget ordinance-draft involves gathering financial information, following guidelines, documenting revenue and expenses, justifying each item, and reviewing the document. Various entities such as government agencies, non-profit organizations, and businesses require this document to ensure effective financial planning and resource allocation.
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What is fy16 budget ordinance-draft?
The fy16 budget ordinance-draft is a document outlining the proposed budget for the fiscal year 2016.
Who is required to file fy16 budget ordinance-draft?
The government officials responsible for overseeing the budget are required to file the fy16 budget ordinance-draft.
How to fill out fy16 budget ordinance-draft?
To fill out the fy16 budget ordinance-draft, government officials must provide detailed information on revenue, expenses, and allocations for the fiscal year 2016.
What is the purpose of fy16 budget ordinance-draft?
The purpose of the fy16 budget ordinance-draft is to establish a financial plan for the fiscal year 2016 and allocate resources accordingly.
What information must be reported on fy16 budget ordinance-draft?
Information such as revenue projections, expenditure forecasts, and specific program budget details must be reported on the fy16 budget ordinance-draft.
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