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Office of Student Activities (OSA) Eastern Washington University 320 Pence Union Building Cheney, WA 99004-2463 Intake Petition Form This form must be submitted to the Office of Student Activities

How to fill out operating budget request

How to fill out an operating budget request?

1. Start by gathering all the necessary financial information related to your organization or department. This includes details about revenue, expenses, salaries, and any other relevant financial data.
2. Clearly define the time period for which the operating budget request is being filled out. Specify whether it is for a quarterly, yearly, or specific project-based budget.
3. Begin by listing all the anticipated revenue sources. This may include grants, donations, sales, or any other income streams your organization or department expects to receive during the designated time period.
4. After outlining the revenue sources, move on to detailing the expected expenses. Be thorough in identifying different expense categories such as salaries, utilities, supplies, marketing costs, or any other relevant expenditures.
5. Provide a rationale or description for each expense item to help justify its inclusion in the operating budget request. Explain why it is necessary for the functioning and growth of your organization or department.
6. Make sure to allocate sufficient funds for all essential expenses to ensure smooth operations. Prioritize critical items and ensure they are adequately funded within the available resources.
7. Consider past financial records and trends while estimating revenue and expenses. This will help provide a realistic and accurate representation of your organization's or department's financial needs.

Who needs an operating budget request?

1. Non-profit organizations may require an operating budget request to secure funding from donors, government agencies, or foundations. This helps them plan and execute their programs effectively.
2. For-profit businesses may need an operating budget request to present their financial needs to potential investors, shareholders, or lenders. It enables them to demonstrate how funds will be allocated and utilized to generate profits.
3. Government agencies and departments often use operating budget requests to allocate funds and resources for various programs, projects, or public services. This helps ensure transparency and accountability in managing taxpayer money.
4. Educational institutions, such as schools and universities, may require an operating budget request to acquire funding for academic programs, research initiatives, or infrastructure development.
5. Departments within a larger organization may need an operating budget request to present their financial needs to upper management or executive teams. This enables them to secure resources and support for their specific goals and objectives.

In summary, filling out an operating budget request involves gathering financial information, outlining revenue sources, detailing expenses, justifying each item, and prioritizing essential expenses. Operating budget requests are necessary for a variety of organizations and departments, including non-profit organizations, for-profit businesses, government agencies, educational institutions, and internal departments within larger organizations.

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What is operating budget request?

Operating budget request is a formal proposal that outlines the financial needs and expenditures of a department or organization for a specific period.

Who is required to file operating budget request?

Typically, department heads or managers are required to file operating budget requests for their respective departments or areas.

How to fill out operating budget request?

To fill out an operating budget request, individuals should gather and enter detailed information on anticipated revenues and expenses for the upcoming period.

What is the purpose of operating budget request?

The purpose of an operating budget request is to plan and allocate funds effectively, make informed financial decisions, and ensure that resources are utilized efficiently.

What information must be reported on operating budget request?

Operating budget requests typically include details on revenue sources, anticipated expenses, budget allocations for various activities or projects, and justifications for financial needs.