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TENTATIVE BUDGET AND APPROPRIATION ORDINANCE FISCAL YEAR 20232024 ORDINANCE NO. ___ AN ORDINANCE ADOPTING THE COMBINED ANNUAL BUDGET AND APPROPRIATION OF FUNDS FOR THE VILLAGE OF RIVERDALE, COOK COUNTY,
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01
Gather all the necessary financial information such as income, expenses, and debts.
02
Determine your financial goals and priorities.
03
Create a budget outline by categorizing your income and expenses.
04
Calculate your total income and total expenses.
05
Allocate funds to each expense category based on your priorities.
06
Review and adjust the budget as needed.
07
Appropriation refers to the allocation of funds for specific purposes such as projects or programs. To create an appropriation, follow these steps:
08
Identify the specific purposes or projects that require funding.
09
Determine the amount of funding needed for each purpose or project.
10
Allocate funds from the budget to each purpose or project based on its priority and importance.
11
Monitor and track the appropriation to ensure the funds are used as intended.

Who needs 1 budget and appropriation?

01
Individuals who want to manage their personal finances effectively.
02
Businesses and organizations that need to allocate funds for various projects and expenses.
03
Government agencies and departments that require budgeting and appropriation to plan and manage public funds.
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A budget and appropriation is a financial plan that outlines expected revenues and expenditures for a specific period, often used by governments or organizations to allocate resources effectively.
Typically, governmental entities, public organizations, and non-profit organizations are required to file a budget and appropriation.
To fill out a budget and appropriation, gather relevant financial data, forecast income and expenses, categorize each item, and ensure compliance with applicable regulations and standards.
The purpose of a budget and appropriation is to ensure accountability in financial management, provide a roadmap for financial decisions, and support strategic planning.
Information that must be reported includes projected revenues, anticipated expenditures, funding sources, and any planned financial obligations.
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