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INDEPENDENT ACCOUNTANT\'S COMPILATION REPORT ON
ANNUAL SURVEY OF CITY AND TOWN FINANCES
PURSUANT TO SECTION 17105.1 OF TITLE 11
OF THE OKLAHOMA STATUTES Honorable Mayor and Town Council
Town of Strong:
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01
Gather all necessary financial information including revenue sources, expenses, and past budgets.
02
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03
Estimate the revenue for the upcoming year based on taxes, grants, and other income sources.
04
Break down expenses into categories such as personnel, utilities, infrastructure, and services.
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Allocate funds to each category based on the town's needs and priorities.
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Review and adjust the budget as needed to reflect changes in income or expenses.
Who needs budget of the town?
01
The town council and mayor need the budget of the town to make decisions on spending and resource allocation.
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Financial auditors and government agencies may require the town's budget for regulatory compliance and oversight.
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What is budget of the town?
The budget of the town is a financial plan that outlines the town's projected revenues and expenditures for a specific period, typically one fiscal year.
Who is required to file budget of the town?
The town's governing body or designated officials are required to file the budget.
How to fill out budget of the town?
To fill out the budget of the town, gather financial data, estimate revenues and expenses, and complete the budget forms as prescribed by state or local regulations.
What is the purpose of budget of the town?
The purpose of the budget of the town is to provide a plan for allocating resources, ensuring financial accountability, and guiding decision-making for public services and projects.
What information must be reported on budget of the town?
The budget must report estimated revenues, planned expenditures, proposed tax rates, and any financial reserves or debts.
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