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ALFRED NO DISTRICT MUNICIPALITYTRAVELLING AND SUBSISTENCE POLICYPOLICY APPROVAL This policy was approved by the Council meeting held on: Date: 31 May 2021Venue: Council Chamber___ MUNICIPAL MANAGER MR
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Gather all financial data for the year including income, expenses, and any outstanding debts or assets.
02
List all sources of income in detail, including any grants, donations, sales, etc.
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Break down all expenses into categories such as salaries, utilities, rent, supplies, etc.
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Include any projected expenses for the upcoming year and account for any seasonal variations.
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Calculate the total income and total expenses, ensuring they balance out.
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Make any necessary adjustments to ensure a balanced budget, such as reducing expenses or increasing income.
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Document all final figures and assumptions made in the budget for future reference.

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The final annual budget is the last version of the budget plan for the upcoming year.
All organizations and businesses are required to file the final annual budget.
Final annual budget can be filled out by entering all financial information and expenses for the upcoming year.
The purpose of the final annual budget is to plan and allocate funds for the upcoming year and track financial goals.
Final annual budget must report all income, expenses, assets, and liabilities for the upcoming year.
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