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BUDGET AND APPROPRIATION ORDINANCE FISCAL YEAR 20192020 ORDINANCE NO. ___ AN ORDINANCE ADOPTING THE COMBINED ANNUAL BUDGET AND APPROPRIATION OF FUNDS FOR THE CHICAGO HEIGHTS PARK DISTRICT, COOK COUNTY,

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Gather information on past expenses and revenues

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What is annual operating budget?

An annual operating budget is a financial plan that outlines an organization's expected revenues and expenses for a specific fiscal year.

Who is required to file the annual operating budget?

Typically, government entities, non-profit organizations, and some businesses are required to file an annual operating budget.

How to fill out an annual operating budget?

To fill out an annual operating budget, collect data on expected revenues and expenses, categorize them, and input them into a budget template or software, ensuring accuracy and compliance with financial regulations.

What is the purpose of an annual operating budget?

The purpose of an annual operating budget is to guide financial planning, ensure resource allocation aligns with strategic goals, and monitor financial performance throughout the year.

What information must be reported on an annual operating budget?

An annual operating budget must report projected revenues, expected expenditures, funding sources, and any assumptions or notes relevant to the budget.

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