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RESOLUTION NO. ___ AUTHORIZATION FOR ANNUAL TREE TRIMMING AND REMOVAL CONTRACT Item No. 5B WHEREAS, funds are allocated in the 2023 Capital Fund Budget for tree trimming and removal at all LMA sites;
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Break down the budget into operating expenses (day-to-day costs) and capital expenses (long-term investments).
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What is operating and capital budget?
Operating budget is a detailed projection of all estimated income and expenses for a specific period of time, typically one year. Capital budget, on the other hand, outlines the planned spending on major capital investments or projects over the same period.
Who is required to file operating and capital budget?
Government agencies, corporations, businesses, and organizations are usually required to file operating and capital budgets.
How to fill out operating and capital budget?
Operating and capital budgets are typically filled out by analyzing past financial data, projecting future income and expenses, and outlining specific spending plans for the upcoming period.
What is the purpose of operating and capital budget?
The purpose of operating and capital budget is to provide a detailed financial plan that helps guide decision-making, control spending, and ensure financial stability for an organization.
What information must be reported on operating and capital budget?
Information such as projected revenue, expenses, funding sources, capital expenditures, and financial goals are typically reported on operating and capital budgets.
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