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County Council of Cuyahoga County, Ohio Resolution No. R20210000 Sponsored by: County Executive By dish/Fiscal Officer/Office of Budget and Management Resolution adopting the 2022/2023 Biennial Operating
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01
Gather all financial data including revenue, expenses, and projections for the upcoming two years.
02
Create a detailed breakdown of all sources of revenue such as grants, donations, and earned income.
03
Estimate all expenses including salaries, utilities, supplies, and any other operational costs.
04
Review past budgets and financial performance to inform the new budget.
05
Consult with key stakeholders such as board members, staff, and financial advisors to ensure accuracy and comprehensiveness.
06
Compile all information into a comprehensive budget document outlining revenue and expenses for the biennial period.

Who needs biennial operating budget and?

01
Nonprofit organizations to plan their financial resources and operations over a two-year period.
02
Government agencies to allocate funds and resources for programs and services.
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Businesses to forecast financial performance and make strategic decisions based on projected revenue and expenses.
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The biennial operating budget is a financial plan that covers a two-year period.
Government agencies and organizations that receive public funding are typically required to file a biennial operating budget.
The biennial operating budget is usually filled out by financial analysts and budget officers within the organization.
The purpose of the biennial operating budget is to outline projected revenues and expenditures for the upcoming two years.
Information such as revenue sources, planned expenditures, and budget allocations must be reported on the biennial operating budget.
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