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Aug16Form 635.1Department of Management133312Adoption of Budget and Certification of City Taxes FISCAL YEAR BEGINNING JULY 1, 2017, ENDING JUNE 30, 2018, The City of:County Name:ElginResolution No.:201702Date
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Reserve is an amount of money set aside by a company to cover future liabilities or losses.
Companies in certain industries or with specific financial structures may be required to file a reserve.
Reserve is typically filled out by documenting the amount set aside, the reason for the reserve, and any relevant financial information.
The purpose of reserve is to ensure that a company has enough funds available to cover unexpected expenses or losses.
Information such as the amount of the reserve, the reason for the reserve, and any relevant financial data must be reported on reserve.
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