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OMB Control Number 18400849 Expires 3/31/2024Quarterly Budget and Expenditure Reporting for The ERF I, II, and III (a)(1) Institutional Portion, (a)(2), and (a)(3), if applicable Institution Name:

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How to fill out budget and expenditure

01

Start by listing all sources of income, including salaries, investments, and any other sources of revenue.

02

Next, list all fixed expenses such as rent, utilities, and loan payments.

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Then, identify and list all variable expenses such as groceries, entertainment, and transportation costs.

04

After listing all expenses, compare total income to total expenses to ensure they balance.

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Make adjustments as needed to meet financial goals and priorities.

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Businesses also need budgets to ensure financial health and sustainability.

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What is budget and expenditure?

Budget is a financial plan for a specific period, usually a year, that outlines estimated revenues and expenses. Expenditure refers to the amount of money spent.

Who is required to file budget and expenditure?

Organizations, businesses, and individuals who have financial transactions and need to track their income and expenses are required to file budget and expenditure.

How to fill out budget and expenditure?

To fill out budget and expenditure, one needs to carefully track all income sources, expenses, and make a detailed breakdown of all financial transactions.

What is the purpose of budget and expenditure?

The purpose of budget and expenditure is to help individuals and organizations manage their finances effectively, plan for future expenses, and make informed financial decisions.

What information must be reported on budget and expenditure?

Information such as income sources, expenses, cash flow, assets, liabilities, and financial goals must be reported on budget and expenditure.

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