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CITY OF WILLING Fiscal Year 20192020 Adopted Budget Kenney West, Budget OfficerTABLE OF CONTENTS BUDGET COVER ............................................................ 1 TABLE OF CONTENTS .......................................................
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To fill out budget message 3-9, follow these steps:
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Begin by gathering all the necessary financial information, such as income statements, expense reports, and balance sheets.
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Identify the specific budget period for which the message is being prepared.
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Start with the revenue section and list all sources of income, including sales, investments, grants, and donations.
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Calculate the total revenue for the budget period.
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Move on to the expense section and itemize all the different expenditure categories, such as salaries, utilities, rent, marketing, etc.
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Assign specific amounts to each expense category based on past trends, projected costs, and financial goals.
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Sum up all the expenses to calculate the total budgeted expenses for the period.
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Subtract the total expenses from the total revenue to determine whether there is a surplus or deficit.
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The budget message 3-9 helps communicate financial plans, priorities, and justifications for proposed expenses, allowing stakeholders to understand and evaluate the budget's impact.
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