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ADJUSTMENT BUDGET OFMATJHABENG LOCAL MUNICIPALITY2012/13 TO 2014/151|Page Year12/13MLM Adjustment Forgettable of Contents PART 1 ADJUSTMENT BUDGET 1.1 Mayors Report.3 1.2 Council Resolution4 1.3 Executive
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To fill out an adjustment budget, follow these steps:
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Start by reviewing your original budget and identifying the areas where adjustments are needed.
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Determine the reasons for these adjustments, such as changes in income or unexpected expenses.
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Calculate the amount of adjustment needed for each category in your budget.
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Prioritize the adjustments based on their importance and impact on your overall financial situation.
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Make the necessary changes in each category, adjusting the amounts allocated for expenses, savings, and income.
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Update any relevant financial documents, such as spreadsheets or budgeting apps, to reflect the adjustments.
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Review the adjusted budget to ensure it is realistic and feasible given your financial circumstances.
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Regularly review and update your adjustment budget as needed, especially when significant changes occur in your financial situation.

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The adjustment budget is a financial plan that outlines the updated estimates of revenue and expenditures for the fiscal year, reflecting changes in economic conditions or unexpected events.
Government entities, including municipalities and provincial governments, are required to file an adjustment budget to ensure transparency and accountability in financial management.
To fill out an adjustment budget, entities need to review their original budget, assess changes in revenues and expenditures, complete the budget template with the updated figures, and submit it to the relevant oversight bodies.
The purpose of an adjustment budget is to realign financial plans with actual circumstances, ensuring that spending aligns with current revenue projections and addressing any budgetary imbalances.
An adjustment budget must report updated revenue estimates, revised expenditure allocations, reasons for adjustments, and any significant changes in financial forecasts.
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