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This document details the budget and expenditures under the CARES Act for the Institute of Technology, reporting for the quarter ending March 31, 2021.
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How to fill out quarterly budget and expenditure

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Start by listing all sources of income for the quarter.
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Next, make a list of all planned expenses for the quarter, categorizing them into fixed expenses (such as rent, utilities) and variable expenses (such as groceries, entertainment).
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Calculate the total income and total expenses for the quarter.
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Make adjustments if the total expenses exceed the total income by cutting back on non-essential expenses.
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A quarterly budget and expenditure is a financial plan that outlines the expected revenues and expenses for a specific quarter (three months) of a fiscal year, and it tracks the actual expenditures against the budgeted amounts.
Organizations and entities that receive government funding, grants, or have financial reporting obligations typically are required to file quarterly budget and expenditure reports.
To fill out a quarterly budget and expenditure report, one must enter estimated revenues and expenditures in the designated categories, track actual spending, and reconcile differences between budgeted and actual amounts for the quarter.
The purpose of quarterly budget and expenditure reporting is to provide transparency and accountability in financial management, helping stakeholders assess financial performance and make informed decisions.
The report typically includes budgeted amounts, actual expenditures, variances between budgeted and actual amounts, revenue sources, and notes explaining significant discrepancies.
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