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September 14, 2020The Town Council of the Town of Elton met in regular session on Monday, September 14, 2020, at 6:00 p.m. in Council Chambers. There being present: Mayor Roger D. Loughlin; Council Members:
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01
Gather all relevant financial data for the organization.
02
Review the previous year's budget and actual results to use as a guideline.
03
Identify and list all sources of revenue expected for the upcoming year.
04
Outline all expected operating expenses, including salaries, utilities, and other costs.
05
Allocate budget amounts to different departments or programs based on their needs and priorities.
06
Review and adjust the budget as needed to ensure it is balanced and realistic.
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Present the adopted budget operating detail to the relevant stakeholders for approval.

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01
Managers and department heads who are responsible for overseeing budget allocations and spending within their areas.
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03
Financial analysts and auditors who need detailed financial information for reporting and compliance purposes.
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The adopted budget operating detail is a detailed breakdown of the financial plan for a specific period, showing expected revenue and expenses.
Government agencies, non-profit organizations, and other entities that receive public funds are typically required to file adopted budget operating detail.
To fill out adopted budget operating detail, organizations need to provide information on expected revenue sources, planned expenses, and any other relevant financial information.
The purpose of adopted budget operating detail is to provide transparency and accountability in financial planning and spending.
Information such as revenue projections, expense allocations, funding sources, and any changes from previous budget plans must be reported on adopted budget operating detail.
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