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ORDINANCE NO. 1502 AN ORDINANCE AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION REFUNDING BONDS (ALTERNATE REVENUE SOURCE), SERIES 2015, OF THE CITY OF NEWTON, JASPER COUNTY, ILLINOIS, PROVIDING THE
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Determine the purpose and goals of your alternate revenue source series.
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The alternate revenue source series refers to a set of financial reports that outline various non-traditional sources of revenue for an organization, often required by tax authorities or regulatory bodies for transparency and compliance.
Organizations that have alternative revenue streams, which may include non-tax revenue sources such as grants, donations, or fees, are generally required to file the alternate revenue source series.
To fill out the alternate revenue source series, organizations need to gather detailed data on their non-tax revenue sources, complete the requisite forms according to the guidelines provided by the governing authority, and ensure all relevant supporting documents are attached.
The purpose of the alternate revenue source series is to provide visibility into an organization's financial health by documenting various non-traditional revenue streams, ensuring compliance with regulations, and promoting transparency with stakeholders.
The report must include details such as the amount of revenue generated from alternative sources, the nature of these sources, any conditions tied to the revenue, and how this revenue impacts the overall financial status of the organization.
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