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State of New Jersey Local Government Services Year:2018 Municipal User Friendly BudgetMUNICIPALITY: 6 Municode:2104 Website: www.buenaboro.org Phone Number: Mailing Address:Filename: 104_fba_2018.xlsm

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How to fill out borough budget

01

Gather all relevant financial information and past budgets for reference.

02

Start by listing all sources of revenue for the borough.

03

Break down the expenses by department or category, including salaries, administrative costs, and any capital investments.

04

Determine any income or spending trends that may impact the budget.

05

Consult with key stakeholders, such as department heads and community members, to gather input and ensure accuracy.

06

Review and adjust the budget as needed to balance revenue and expenses.

07

Present the completed budget to the appropriate governing body for approval.

Who needs borough budget?

01

Borough councils or local government officials who are responsible for managing the borough's finances.

02

Taxpayers and residents who want transparency and accountability in the budgeting process.

03

Government agencies or organizations that provide funding or grants to the borough.

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What is borough budget?

A borough budget is a financial plan that outlines the expected revenues and expenditures for a borough over a specified period, typically one fiscal year.

Who is required to file borough budget?

Local government officials or the borough council are required to file the borough budget.

How to fill out borough budget?

To fill out a borough budget, gather necessary financial data, categorize revenues and expenditures, complete the budget forms, and ensure compliance with local regulations before submission.

What is the purpose of borough budget?

The purpose of the borough budget is to provide a framework for financial planning, allocate resources efficiently, and guide decision-making for the borough's fiscal health.

What information must be reported on borough budget?

Information that must be reported includes estimated revenues, proposed expenditures, departmental budgets, and any anticipated tax levies.

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