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MICHIGAN STATE UNIVERSITYBudget and FinanceAttachment 7BOARD OF TRUSTEESExecutive Action Summary ___ Committee Name Budget and FinanceD ate April 12, 2024Agenda Item: Authorization to Issue BondsInformationReviewxActionResolution:
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The Committee on Budget is a governmental body responsible for overseeing and coordinating the budgetary process, including the allocation and expenditures of public funds.
Entities such as governmental agencies, public institutions, and organizations that receive public funding are typically required to file with the Committee on Budget.
To fill out the Committee on Budget form, one must gather financial data, adhere to the provided guidelines, and submit the necessary documentation as per the instructions outlined by the committee.
The purpose of the Committee on Budget is to ensure that public funds are managed effectively, facilitate transparency and accountability in financial operations, and assist in the strategic planning of government spending.
Information that must be reported includes projected revenues, proposed expenditures, justifications for budget allocations, and any other relevant financial data required by the committee.
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