Get the free Annual Budget Information - Town of Montague, MA
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Town of MontagueDepartment, Board, Committee, Commission
BUDGET NARRATIVE FY 20Complete this form electronically! Be clear and concise!
Department:Council on AgingSubmitted by:Roberta l. Potter1.
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Collect all necessary financial documents such as income statements, balance sheets, and expense reports.
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Determine the timeline for the budget - whether it is monthly, quarterly, or annually.
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Allocate a portion of the budget towards savings or investments, if applicable.
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Calculate the net income by subtracting total expenses from total income.
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Review and adjust the budget as necessary, considering any changes in financial circumstances or goals.
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Document the finalized annual budget, including all income sources, expense categories, and the net income.
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Periodically monitor and track actual income and expenses to ensure adherence to the budget.
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Make necessary adjustments throughout the year to stay on track with the budget.
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