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HIGHLAND JOINT SCHOOL DISTRICT #305 BOARD OF TRUSTEES REGULAR MONTHLY MEETING Highland School Library, 112 Boulevard Ave, Fragment, Idaho Monday, September 11, 2017 7:00 pm Agenda 1) Page 2 5 18 20Call
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How to fill out budget reportbalance sheet

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To fill out a budget report balance sheet, follow these steps:
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Start by gathering all the necessary financial information, such as income statements, expense reports, and receipts.
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Organize the financial information into relevant categories, such as revenue, expenses, assets, and liabilities.
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Calculate the total revenue by adding up all the income.
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Calculate the total expenses by adding up all the costs and expenditures.
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Calculate the net income by subtracting the total expenses from the total revenue.
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List all the assets, such as cash, accounts receivable, and inventory, along with their respective values.
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List all the liabilities, such as loans, accounts payable, and taxes owed, along with their respective amounts.
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Calculate the total assets by adding up the values of all the individual assets.
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Calculate the total liabilities by adding up the amounts of all the individual liabilities.
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Calculate the owner's equity by subtracting the total liabilities from the total assets.
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Review and verify all the calculations to ensure accuracy.
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Provide a summary of the budget report balance sheet, outlining the key financial figures and ratios.
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Make any necessary adjustments or corrections before finalizing the report.
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