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Board of Retirement Regular Meeting
Sacramento County Employees Retirement SystemAgenda Item 14
MEETING DATE:August 15, 2018SUBJECT:Final Administrative Budget for
Fiscal Year 20182019SUBMITTED FOR:ConsentXDeliberation
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The final administrative budget is used to outline the planned expenses and revenues for an organization or project for a specific period, serving as a financial plan to ensure responsible resource allocation.
Who is required to file final administrative budget for?
Entities such as nonprofits, governmental organizations, and certain private businesses that are mandated by regulations or stakeholders to provide a complete financial plan are required to file a final administrative budget.
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To fill out the final administrative budget, one must gather estimated revenue and expense data, categorize the information into appropriate sections, and ensure all figures are accurate and justified before submission.
What is the purpose of final administrative budget for?
The purpose of the final administrative budget is to provide a comprehensive overview of expected financial activities, assist in financial planning, and ensure accountability in the management of funds.
What information must be reported on final administrative budget for?
The final administrative budget must report projected revenues, detailed expense categories, direct costs, indirect costs, and any assumptions made in the budget preparation process.
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