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BUDGET 20132014 PORT HURON MICHIGAN OFFICE OF THE CITY MANAGER PROPOSED BUDGET CITY OF PORT HURON FOR THE FISCAL YEAR 20132014 Prepared by the Director of Finance for the City Manager and submitted
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How to fill out the 2013-2014 annual budget:

01
Start by gathering all necessary financial documents such as income statements, receipts, and expense records from the previous year.
02
Review the previous year's budget to identify any areas that need adjustment or improvement. Look for any unexpected expenses or fluctuations in income that may impact the upcoming year's budget.
03
Create a detailed list of all income sources for the 2013-2014 period. This may include salaries, investments, rental income, or any other sources of revenue.
04
Next, list all anticipated expenses for the upcoming year. This can include items such as rent or mortgage payments, utilities, insurance, employee salaries, marketing expenses, and any other costs associated with running the business or managing personal finances.
05
Assign specific amounts to each expense item based on historical data or estimated costs. Be as thorough as possible to ensure accuracy.
06
Compare the total projected income against the total projected expenses to determine if there is a surplus or deficit. This will help identify areas where adjustments may need to be made.
07
Once the budget is complete, review it carefully to ensure accuracy and completeness. Double-check all calculations and make any necessary adjustments.
08
Communicate the budget to all relevant stakeholders, such as business partners, members of the finance team, or family members involved in financial planning. This ensures that everyone is aware of the financial goals and expectations for the upcoming year.

Who needs the 2013-2014 annual budget?

01
Businesses: Businesses of all sizes and industries require annual budgets as a crucial financial planning tool. It helps them track income, control expenses, and make informed decisions regarding resource allocation.
02
Non-profit organizations: Non-profit organizations rely on annual budgets to plan and manage their finances effectively. It helps them determine how much money can be allocated towards their programs, operations, and fundraising efforts.
03
Individuals and households: Creating an annual budget is essential for individuals and households to track their income and expenses, save for long-term goals, pay off debts, and ensure financial stability.
In conclusion, filling out the 2013-2014 annual budget requires gathering financial documents, listing income sources and expenses, assigning specific amounts to each item, and reviewing the budget for accuracy. This financial planning tool is needed by businesses, non-profit organizations, and individuals to effectively manage their finances and make informed decisions.
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The annual budget for a city outlines the estimated revenues and expenses for the upcoming fiscal year.
City officials, typically the mayor or city council, are responsible for submitting the annual budget for approval by the appropriate governing body.
The annual budget for a city is typically filled out by the finance department in collaboration with other city departments to accurately project revenues and expenses.
The purpose of the annual budget for a city is to plan and allocate resources for various city services and programs, ensuring the efficient and effective use of taxpayer funds.
The annual budget for a city must include detailed information on anticipated revenues, proposed expenditures, capital projects, debt service, and any other financial obligations.
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