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Council Meeting Date: November 25, 2013, Agenda Item: 8(b) CITY COUNCIL AGENDA ITEM CITY OF SHORELINE, WASHINGTON Adoption of Ordinance No. 678, adopting the 2014 Budget, the 2014 Fee Schedule, the
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How to fill out 2014 budget and 2014-2019:

01
Start by gathering all relevant financial information from the year 2014. This includes income statements, expense records, and any other financial documents that pertain to that specific year.
02
Review and categorize the collected financial information into different sections such as income, expenses, assets, liabilities, and investments.
03
Calculate the total income for the year 2014 by summing up all the earnings. This can include salary, rental income, business revenue, and any other sources of income.
04
Deduct all the expenses incurred in 2014 from the total income. Categorize the expenses into different sub-categories such as utilities, rent, transportation, food, and entertainment.
05
Determine the net profit or loss for the year by subtracting the total expenses from the total income.
06
Analyze the financial data to identify any areas for improvement or cost-saving measures. This can involve reviewing expenses to find potential areas of reduction or identifying opportunities for increasing revenue.
07
Create a summarized budget report for the year 2014, presenting the income, expenses, and net profit or loss in a clear and organized manner. This report will provide a comprehensive overview of the financial status for the year.
08
To fill out the 2014-2019 budget, repeat the above steps for each subsequent year within the specified timeframe. This will provide a holistic view of the financial situation over the defined five-year period.

Who needs 2014 budget and 2014-2019:

01
Individuals: Individuals who want to maintain better control over their personal finances may find it beneficial to have a budget for the year 2014 and the extended period of 2014-2019. This allows them to track their income, expenses, and financial goals over time.
02
Businesses: Small or large businesses can benefit from having a budget for the specific year 2014. It provides a detailed overview of the company's financial position and helps in making informed decisions about resource allocation, investment, and cost management. Moreover, a multi-year budget like the 2014-2019 budget is useful for businesses to plan and strategize their financial goals and objectives.
03
Non-profit organizations: Non-profit organizations can also utilize the 2014 budget and 2014-2019 budget to track their monetary inflows and outflows. This information can be crucial for fundraising efforts, grant applications, and demonstrating financial transparency to stakeholders.
In summary, both individuals and various types of organizations can benefit from having a budget for the year 2014 and an extended budget spanning from 2014 to 2019. Such budgets enable better financial management, goal setting, and informed decision-making.
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Budget is a financial plan that includes estimates of revenues and expenses for a specific period. Capital improvement refers to investments in long-term assets such as buildings, infrastructure, and equipment.
Government agencies, non-profit organizations, and businesses are typically required to file budget and capital improvement plans.
Budget and capital improvement plans are typically filled out by gathering financial data, estimating future revenues and expenses, and outlining proposed investments in long-term assets.
The purpose of budget and capital improvement plans is to ensure financial stability, allocate resources efficiently, and plan for the future growth and development of an organization.
Budget and capital improvement plans typically include detailed revenue projections, expense estimates, funding sources, and proposed investments in long-term assets.
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