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City of Lincoln CAN Capital Improvement Plan Fiscal Year 202324 through 202829Office of the City Manager 1355 Southfield Rd Lincoln Park, MI 48146 3133861800Members of the City of Lincoln Park Planning
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Gather all necessary financial information such as income, expenses, and assets.
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Budget documents refer to the detailed financial plan for a certain period, while financial documents include records of transactions, statements, and reports related to the financial activities of an organization.
Different organizations, including businesses, non-profits, government agencies, and institutions, are required to file budget documents and financial documents as part of their financial reporting responsibilities.
Budget documents are typically filled out by analyzing past financial data, forecasting future expenses and revenues, and setting financial goals. Financial documents are filled out by recording every financial transaction accurately and organizing them in financial statements.
The purpose of budget documents is to outline the financial goals and plans of an organization, while financial documents help in tracking and reporting the financial health and performance of the organization.
Budget documents should include revenue projections, expense forecasts, and cash flow estimates, while financial documents must include income statements, balance sheets, and cash flow statements.
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