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This memorandum presents the original budgets for the Traverse City Area Public Schools for the fiscal year 2020-2021, including estimates for revenues and expenditures in the General Fund and Special Revenue Funds as mandated by the Uniform Budgeting and Accounting Act. It outlines major revenue assumptions, funding appropriations, and budgetary resolutions required for approval by the Board of Education.
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How to fill out 2020-2021 original budgets

01
Gather all financial documents and data relevant to the budget period.
02
Identify all sources of income and estimate the total income for the year.
03
List all expected expenses, including fixed and variable costs.
04
Categorize expenses into necessary and discretionary spending.
05
Review past budgets to inform estimates and identify trends.
06
Allocate funds to each category based on prioritized needs.
07
Include a contingency fund for unexpected expenses.
08
Review and adjust the budget as needed to ensure accuracy.
09
Finalize the budget document and keep it accessible for monitoring.

Who needs 2020-2021 original budgets?

01
Businesses preparing for the fiscal year to manage finances.
02
Non-profit organizations seeking to outline funding requirements.
03
Individuals or families looking to plan personal finances.
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Educational institutions that need to allocate funds for programs.
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Government agencies preparing budgets for public services.
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Original budgets refer to the initial financial plan that outlines expected revenues and expenditures for a specific period, typically a fiscal year.
Generally, businesses, organizations, and governmental entities that must adhere to financial regulations and reporting requirements are required to file original budgets.
To fill out original budgets, one should collect financial data, estimate future revenues and expenses, and enter these figures into the designated budget formats or templates provided by regulatory bodies.
The purpose of original budgets is to provide a financial roadmap for an organization, ensuring that resources are allocated efficiently and guiding financial decisions throughout the fiscal period.
Original budgets must typically report projected revenues, planned expenditures, anticipated deficits or surpluses, and any funding sources.
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