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Adjusted Budget Number 3 (2019/2020)Version 1MHLONTLO LOCAL MUNICIPALITYSCHEDULE B THIRD ADJUSTMENT BUDGET AND SUPPORTING DOCUMENTATION15 JUNE 20201ADJUSTED BUDGET OFMHLONTLO LOCAL MUNICIPALITY2019/2020Copies

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How to fill out budgets and financial reports

01

Gather all necessary financial information such as income, expenses, assets, and liabilities.

02

Determine the period for which the budget or financial report will cover (monthly, quarterly, annually, etc.).

03

Create a detailed list of all sources of income and categorize them.

04

List all expenses and categorize them according to fixed expenses (e.g. rent, utilities) and variable expenses (e.g. groceries, entertainment).

05

Calculate the net income by subtracting total expenses from total income.

06

Include any one-time or irregular expenses in the budget or financial report.

07

Update the budget or financial report regularly to track actual financial performance against projected figures.

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Business owners and managers to monitor the financial health of the company and make informed decisions.

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What is budgets and financial reports?

Budgets are financial plans for a specific period, while financial reports document the financial performance.

Who is required to file budgets and financial reports?

Organizations, businesses, and individuals may be required to file budgets and financial reports.

How to fill out budgets and financial reports?

Budgets and financial reports can be filled out by gathering relevant financial information and inputting it into the appropriate templates or forms.

What is the purpose of budgets and financial reports?

The purpose of budgets and financial reports is to track finances, make informed decisions, and communicate financial information to stakeholders.

What information must be reported on budgets and financial reports?

Information such as revenue, expenses, profits, losses, assets, liabilities, and cash flow must be reported on budgets and financial reports.

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