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PHUMELELA LOCAL MUNICIPALITY (FS 195) TABLED ANNUAL BUDGET2020/2021 TO 2022/2023 MEDIUM TERM REVENUE AND EXPENDITURE FRAMEWORKCopies of this document can be viewed: In the foyers of all municipal
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The proposed budget is a financial plan submitted for approval that outlines expected revenues and expenditures for a specific period, typically for the upcoming fiscal year.
Entities such as government agencies, non-profit organizations, and certain businesses that meet specific regulatory criteria are required to file a proposed budget.
To fill out a proposed budget, gather financial data, estimate future revenues and expenses, format the budget according to guidelines, and include detailed line items explaining each category of spending.
The purpose of the proposed budget is to outline anticipated financial resources and obligations, guide financial decision-making, and serve as a tool for accountability and performance evaluation.
Information such as projected revenues, planned expenditures, funding sources, operational costs, and any assumptions or notes explaining the budget estimates must be reported.
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