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ILLINOIS STATE BOARD OF EDUCATION School Business Services Division Accounting Basis: X SCHOOL DISTRICT BUDGET FORM * July 1, 2012, June 302013,13 Cash Accrual Balanced budget, no deficit reduction
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Gather all financial data from the previous year, including income, expenses, and savings.
02
Identify any changes in income or expenses that may occur in the upcoming year.
03
Divide the budget into different categories, such as housing, transportation, food, and entertainment.
04
Estimate the amount of money that will be allocated to each category based on past spending patterns and future needs.
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Prioritize the categories based on importance and allocate funds accordingly.
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Consider setting aside an emergency fund for unexpected expenses.
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Regularly review and adjust the budget as necessary throughout the year.

Who needs 2012 - 2013 budget?

01
Individuals or families who want to effectively manage their finances during that time period.
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Businesses or organizations that need to plan and allocate their financial resources for the specified years.
03
Government agencies or departments that require a budget to outline their spending and revenue projections for the mentioned years.
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Budget state form is a financial document used to plan and track expenses and revenue for a specific period.
Any individual, organization, or entity that needs to manage their finances and track expenses is required to file a budget state form.
To fill out a budget state form, you need to list all sources of income, detail all expenses, and calculate the difference to determine the budget surplus or deficit.
The purpose of a budget state form is to help individuals or organizations plan and manage their finances effectively.
Information such as income sources, expenses, budget surplus or deficit, and any financial goals or targets must be reported on a budget state form.
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