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ZULULAND DISTRICT MUNICIPALITYMONTHLY BUDGET STATEMENT AND SUPPORTING DOCUMENTATION FOR PERIOD ENDED 28 FEBRUARY 2021 MFA S71 REPORT 2020/2021 FINANCIAL WEARABLE OF CONTENTS PART 1 IN-EAR REPORT 1

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What is monthly budget statement?

A monthly budget statement is a financial document that summarizes an organization's income and expenses over a one-month period, enabling the assessment of financial performance.

Who is required to file monthly budget statement?

Organizations, businesses, and government agencies that need to report and monitor their financial activities are generally required to file monthly budget statements.

How to fill out monthly budget statement?

To fill out a monthly budget statement, gather all income and expense data for the month, categorize them appropriately, and then input the figures into the designated sections of the statement.

What is the purpose of monthly budget statement?

The purpose of a monthly budget statement is to provide a clear overview of financial activities, facilitate better financial planning, control spending, and assess the financial health of an organization.

What information must be reported on monthly budget statement?

The monthly budget statement must report total income, total expenses, a breakdown of expenses by category, and any variances between budgeted and actual figures.

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