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BUDGET SUMMARY Page 2 A 1 B Begin entering data on Est Rev 510 and Step 1117 tabs. Acct # Description 2 3 ESTIMATED BEGINNING FUND BALANCE July 1, 2014 1 4 RECEIPTS/REVENUES 5 LOCAL SOURCES 9 Total
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How to fill out budget summary page 2
How to fill out budget summary page 2:
01
Start by reviewing the information from budget summary page 1. This will provide you with a general overview of your budget and help you understand how page 2 fits into the larger picture.
02
Take note of the specific sections and categories listed on page 2. These may include expenses such as utilities, transportation, groceries, entertainment, and more.
03
Begin by entering the allocated budget amount for each category. This is the amount you have planned to spend on that particular expense category for a specific period, such as a month or a week.
04
As you fill out each category, make sure to be thorough and accurate. You can refer to your previous spending records or estimates to determine the appropriate amounts. It is important to be realistic and consider any changes in your financial situation.
05
Some categories may require you to break down the expenses further. For example, under transportation, you might need to list gas, car maintenance, and public transportation expenses separately.
06
After you have filled out all the categories, total up the expenses and compare them to your income. This will help you determine if you are staying within your budget or if adjustments need to be made.
07
Remember to review and update your budget summary regularly to reflect any changes in your financial situation or spending habits.
Who needs budget summary page 2:
01
Individuals or households who want to track and manage their expenses in an organized manner.
02
People who are trying to stick to a budget and want to see how their actual spending compares to their planned budget.
03
Those who wish to identify areas where they can save money or cut back on expenses.
04
Budget-conscious individuals who want to prioritize their spending and make informed financial decisions.
05
People who want a comprehensive overview of their expenses, allowing them to make adjustments and improvements to their budgeting strategies.
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