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7/14/20 (Tentative)1 BUDGET AND APPROPRIATION ORDINANCE NO. 201 AURORA PUBLIC LIBRARY DISTRICT DUPAGE, KANE, KENDALL AND WILL COUNTIES, ILLINOIS FISCAL YEAR JULY 1, 2020, to JUNE 30, 2021, This Ordinance

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How to fill out budget and appropriation ordinance

01

Gather all relevant financial information, including revenue estimates, expenditure projections, and any specific funding requests or allocations.

02

Start by creating a comprehensive list of all the departments, programs, and services that will be included in the budget.

03

Allocate funds to each department or program based on their priorities and needs.

04

Specify the sources of revenue for each department or program, such as taxes, grants, fees, or donations.

05

Ensure that the budget is balanced, meaning that the projected revenue is sufficient to cover the planned expenditures.

06

Prepare a detailed budget narrative that explains the financial decisions and justifies the allocations.

07

Review the budget and appropriation ordinance draft with relevant stakeholders, including department heads, finance officers, and elected officials.

08

Make any necessary revisions based on feedback and incorporate all agreed-upon changes.

09

Present the final budget and appropriation ordinance to the appropriate governing body for approval.

10

Monitor the execution of the budget throughout the fiscal year and make any adjustments as needed.

Who needs budget and appropriation ordinance?

01

Budget and appropriation ordinances are needed by government entities, such as municipalities, counties, states, and federal agencies, to allocate and manage their financial resources.

02

It is also important for any organization or institution that follows a budgetary process to ensure responsible financial planning, accountability, and transparency.

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What is budget and appropriation ordinance?

The budget and appropriation ordinance is a document that outlines the financial plan for a government entity for a specific period.

Who is required to file budget and appropriation ordinance?

Government entities such as municipalities, counties, and other public bodies are required to file the budget and appropriation ordinance.

How to fill out budget and appropriation ordinance?

The budget and appropriation ordinance is typically filled out by the finance department or budget office of the government entity, following guidelines provided by relevant authorities.

What is the purpose of budget and appropriation ordinance?

The purpose of the budget and appropriation ordinance is to establish a spending plan for the government entity and allocate funds for specific purposes.

What information must be reported on budget and appropriation ordinance?

The budget and appropriation ordinance must report revenue projections, expenditure estimates, funding sources, and appropriation amounts for different departments or programs.

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