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WLB1 7/18/232DAitkin County 1:26PMPrint List in Order By:Audit List for Board21 Fund (Page Break by Fund) 2 Department (Totals by Dept) 3 Vendor Number 4 Vendor NameExplode Dist. Formulas?: N Paid
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2 - department totals refers to the summary of financial data aggregated from two separate departments within an organization, typically used for reporting purposes.
Organizations that have multiple departments and are required to submit financial statements or reports to regulatory bodies must file 2 - department totals.
To fill out 2 - department totals, gather financial data from each department, summarize the totals, and enter the information into the designated reporting form as per the guidelines provided by the governing authority.
The purpose of 2 - department totals is to provide a clear and concise summary of financial performance from different departments, enabling better financial oversight and management.
The information that must be reported includes total revenues, expenses, and net income or loss for each department, along with any other relevant financial metrics as required by applicable reporting standards.
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