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ILLINOIS STATE BOARD OF EDUCATION School Business Services Division Accounting Basis:SCHOOL DISTRICT BUDGET FORM * July 1, 2019, June 30, 2020Cash AccrualBalanced budget, no deficit reduction plan
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How to fill out school district budget form
01
Step 1: Obtain the school district budget form from your school district office or website.
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Step 2: Read the instructions provided with the form to understand the required information.
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Step 3: Gather all the necessary financial documents, such as income statements, expenditure reports, and balance sheets.
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Step 4: Begin filling out the form by entering the basic information about the school district, such as its name, address, and contact details.
05
Step 5: Provide a summary of the school district's financial goals and objectives for the budget year.
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Step 6: Fill in the projected revenue section, including details of funding sources and estimated amounts.
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Step 7: Fill in the projected expenditure section, detailing the planned allocation of funds for various expenses, such as salaries, utilities, supplies, and programs.
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Step 8: Calculate the projected budget surplus or deficit based on the revenue and expenditure figures.
09
Step 9: Review the completed form for accuracy and completeness.
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Step 10: Submit the filled-out school district budget form to the designated authority or department of your school district.
Who needs school district budget form?
01
School administrators and management staff who are responsible for budget planning and allocation within a school district need the school district budget form.
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What is school district budget form?
The school district budget form is a financial document that outlines the planned revenues and expenditures for a school district for a specific fiscal year.
Who is required to file school district budget form?
School districts and their governing bodies are required to file the school district budget form.
How to fill out school district budget form?
To fill out the school district budget form, gather financial data, outline projected revenues, categorize expenditures, complete all required sections accurately, and review for compliance with regulations.
What is the purpose of school district budget form?
The purpose of the school district budget form is to provide a transparent financial plan that guides spending and funding decisions within the district.
What information must be reported on school district budget form?
The form must report estimated revenues, projected expenditures, fund balances, and any other financial obligations or projections pertaining to the school district.
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