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AGENDA MEMO MEETING NAME:Albion City CouncilDATE:July 16, 2024ITEM NAME:BUDGET WORKSHOPPRELIMINARY REVIEW OF 202324 BUDGET PERFORMANCE AND DRAFT OF 202425 BUDGETPRESENTER(S): CITY ADMINISTRATOR DEVINE
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How to fill out budget workshop preliminary review

01
Gather all necessary financial documents related to the workshop.
02
Identify the objectives of the workshop and allocate budget accordingly.
03
List all expected expenses such as venue, materials, and marketing.
04
Estimate the income sources and potential funding opportunities.
05
Create a detailed budget spreadsheet using appropriate categories.
06
Review the budget for accuracy and completeness.
07
Submit the preliminary review budget for further evaluation and approval.

Who needs budget workshop preliminary review?

01
Workshop organizers
02
Financial coordinators
03
Administrative staff
04
Potential sponsors or funders
05
Participants interested in understanding budget allocations
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The budget workshop preliminary review is a process where initial budgets are evaluated to ensure they align with organizational goals and guidelines before finalization.
Departments or entities within the organization that are preparing a budget are required to file a budget workshop preliminary review as part of the budgeting process.
To fill out the budget workshop preliminary review, follow the specific format provided by the organization, including all required sections like revenue projections, expense estimates, and justifications for budget items.
The purpose of the budget workshop preliminary review is to assess the feasibility and alignment of proposed budgets with strategic objectives, allowing for adjustments before the final submission.
Information required includes detailed budget categories, estimated revenues, planned expenditures, explanations for budget requests, and any relevant data supporting the proposed budget.
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