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COMPLIANCE AUDIT___Warwick Township NonUniformed Employees Defined Contribution Pension Plan Bucks County, Pennsylvania the Period January 1, 2017, to December 31, 2020___ August 2021Board of Township
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Gather all financial documents including income statements, balance sheets, and expense reports.
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List all sources of income and categorize them accordingly.
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Record all expenses and categorize them into fixed and variable expenses.
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Calculate total income and total expenses to determine the financial status.
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Prepare a budget by setting financial goals and allocating funds accordingly.
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Budget and financial statements are financial documents that detail the planned income, expenses, and financial position of an organization.
Non-profit organizations, government agencies, and some businesses are required to file budget and financial statements.
Budget and financial statements are typically filled out by organizations using accounting software or with the help of a professional accountant.
The purpose of budget and financial statements is to provide insight into an organization's financial health, performance, and future financial plans.
Budget and financial statements typically include income, expenses, assets, liabilities, and cash flow information.
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