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RESOLUTION NO. 1246R
RESOLUTION OF MUNICIPAL TEMPORARY BUDGET
January 1, 2012,
WHEREAS, N.J.S. 40A: 419 provides that where any contract, commitment
or payments are to be made prior to the final adoption
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How to Fill Out 2012 Temporary Budget:
01
Start by gathering all relevant financial information for the year 2012, including income, expenses, and any debts or liabilities.
02
Create a detailed spreadsheet or budget template to organize the financial data. Include separate columns for income sources, such as salaries or investments, and expense categories like rent, utilities, and debt repayments.
03
Review all financial documents, such as bank statements, receipts, and invoices, to ensure accuracy and completeness of the budget.
04
Begin populating the budget by entering the appropriate amounts for each income and expense item. Be as specific and detailed as possible to accurately reflect the financial situation for 2012.
05
Take into account any one-time or irregular expenses that occurred during 2012 and allocate funds accordingly.
06
Make sure to include any anticipated changes in income or expenses for the year, such as upcoming job changes, debt repayments, or planned purchases.
07
Double-check all calculations and ensure that the budget balances, meaning the total income matches the total expenses. Adjust the figures as necessary to achieve balance.
08
Review the completed budget to identify any areas where adjustments or optimizations can be made. Look for opportunities to reduce expenses or increase income, if possible.
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Once the budget is finalized, save a copy for future reference and refer to it regularly throughout the year to track actual versus projected financials.
10
Share the 2012 temporary budget with all relevant parties, such as family members, business partners, or financial advisors, if necessary.
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