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DC26 ZululandmSCOA Version 6.4Click for Instructions!Contact details:Budget submission enquiries: Elsab Rossouw National Treasury Tel: (012) 3155534 Electronic documents: lgdocuments@treasury.gov.za2020Preparation
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Start with your total income for the month.
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List all fixed expenses, such as rent or mortgage, utilities, and insurance.
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Calculate variable expenses like groceries, gas, and entertainment.
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Include any savings or investment contributions.
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Make a categories for debts if applicable, such as credit card payments.
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A monthly budget statement is a financial document that summarizes the income and expenses of an individual or organization for a specific month, allowing for tracking and analysis of financial performance.
Typically, businesses, non-profit organizations, and government entities are required to file a monthly budget statement to ensure transparency and effective financial management.
To fill out a monthly budget statement, gather all financial data for the month, categorize income and expenses, enter the amounts in the appropriate sections, and review for accuracy before submission.
The purpose of a monthly budget statement is to monitor financial health, assess spending patterns, ensure adherence to budgetary limits, and assist in financial planning and decision-making.
A monthly budget statement should report total income, categorized expenses, comparisons to prior periods, variances between budgeted and actual figures, and any notes regarding significant changes.
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