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AGENDA ITEM ST. JOHNS COUNTY BOARD OF COUNTY COMMISSIONERS29Deadline for Submission Wednesday 9 a.m. Thirteen Days Prior to BCC Meeting 4/16/2024 BCC MEETING DATE TO:Joy Andrews, County AdministratorFROM:DATE:Ryan
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Recognize and appropriate unanticipated refers to the process of formally acknowledging and allocating unexpected funds or resources that were not anticipated in the initial budget or financial projections.
Generally, government entities, local agencies, and organizations that manage public funds are required to file recognize and appropriate unanticipated funds.
Filling out the recognize and appropriate unanticipated typically involves providing details about the unexpected funds, including the source, the amount, and the intended use of the funds in a prescribed format or form required by the governing body or agency.
The purpose of recognizing and appropriating unanticipated funds is to ensure proper accounting, compliance with legal requirements, and effective financial management by reallocating or utilizing unexpected resources for budgetary needs.
Information that must be reported includes the source of the unanticipated funds, the amount, the purpose of the appropriation, and any supporting documentation required by the agency or governance authority.
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