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DRAFT BUDGET OF UMHLABUYALINGANA MUNICIPALITY 2022/2023 MEDIUM TERM REVENUE AND EXPENDITURE FRAMEWORK1|Vegetable of Contents Page No. PART 1 ANNUAL BUDGET 1.1 1.2 1.3 1.4 1.5 1.6 1.7MAYORS REPORT
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Gather relevant financial information such as sales data, expenses, and any other sources of income.
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Project future revenue based on past performance, market trends, and any potential changes in the business environment.
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Medium term revenue refers to the income generated over a specific period, typically ranging from a few months to a few years.
Businesses and individuals with income that falls within the medium term revenue range are required to file medium term revenue.
Medium term revenue forms can typically be filled out online or submitted through traditional mail. Detailed instructions are usually provided on the form itself.
The purpose of medium term revenue reporting is to provide a snapshot of a business or individual's income over a specific period, helping to track financial performance and compliance.
Typically, medium term revenue forms require detailed information on sources of income, expenses, deductions, and any relevant financial transactions.
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