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MEMORANDUM To: Members of the Personnel and Budget Committee From: Jessica Lynch, Business Manager Date: February 1, 2017, Subject: Meeting Material Enclosed is material supporting the agenda items
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The letter P & B stands for Profit and Loss.
Business owners and entities who need to report their profit and loss information.
You can fill out the P & B letter by entering your income and expenses for the specified period.
The purpose of the P & B letter is to provide a summary of the financial performance of a business.
Income, expenses, and the resulting profit or loss must be reported on the P & B letter.
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