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Explore the City of Whitehorse\'s Operating Budget for 2022-2024, outlining financial allocations, tax implications, and community services enhancements.
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What is operating budget?
An operating budget is a financial plan that outlines expected revenues and expenses for a specific period, typically a fiscal year, allowing organizations to plan their financial activities and allocate resources effectively.
Who is required to file operating budget?
Entities such as government departments, nonprofits, businesses, and organizations receiving public funds are generally required to file an operating budget.
How to fill out operating budget?
To fill out an operating budget, list all expected revenues and expenses, categorize each item, estimate amounts based on historical data or projections, and ensure the budget balances by matching total revenues with total expenses.
What is the purpose of operating budget?
The purpose of an operating budget is to provide a detailed plan for income and spending, guide financial decisions, and enable organizations to monitor performance against their financial goals.
What information must be reported on operating budget?
An operating budget must report projected revenues, anticipated expenses, budget categories, and any assumptions used in forecasting, as well as a summary that shows total income and total expenditures.
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