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This document details the preliminary budget for a project, outlining the use and sources of funds, including NYS CDBG funds. It specifies the equity requirements, program delivery, and administration costs associated with microenterprise and economic development projects. The form includes a certification statement for accuracy, along with a signature from the Chief Elected Official.

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How to fill out me preliminary budget

01

Gather all financial data and previous budgets.

02

List all sources of income, including regular and irregular income.

03

Identify all possible expenses, categorizing them into fixed and variable costs.

04

Estimate amounts for each category based on past spending or future projections.

05

Prioritize essential expenses over discretionary ones.

06

Subtract total estimated expenses from total income to determine potential savings or deficits.

07

Adjust amounts as necessary to ensure a balanced budget.

Who needs me preliminary budget?

01

Individuals planning their personal finances.

02

Small business owners managing operational costs.

03

Non-profit organizations seeking funding allocation.

04

Students managing tuition and living expenses.

05

Families planning for upcoming expenses or saving for future goals.

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What is me preliminary budget?

A preliminary budget is a financial plan that outlines the expected income and expenses for a specific period, usually prepared before the final budget is approved.

Who is required to file me preliminary budget?

Entities such as local governments, school districts, and certain organizations or businesses are typically required to file a preliminary budget.

How to fill out me preliminary budget?

To fill out a preliminary budget, gather relevant financial data, estimate income and expenses, complete the budget forms accurately, and ensure all necessary supporting documentation is included.

What is the purpose of me preliminary budget?

The purpose of a preliminary budget is to provide an initial framework for financial planning, guide resource allocation, and facilitate discussions about potential changes before the final budget is approved.

What information must be reported on me preliminary budget?

The preliminary budget must report expected revenues, anticipated expenditures, reserves, and any financial commitments planned for the budget period.

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