In most cases there is the official long form (State) of the entire budget, as well as a compressed easy to read spreadsheet form of the Current Fund budget.Īnnual Financial Statements: This annual document is filed by February 10th each year to reflect the results of all operations in the preceding year.Īnnual Debt Statements: This annual document is filed by January 31st each year to reflect the outstanding and authorized debt of the Village and the change in the debt condition during the preceding year.Īnnual Audits: This annual document is prepared by an independent Accounting Firm and audits the Village's books and accounts of the preceding year and provides and overview of all operations and the state of the Village's finances as of December 31st of the year being audit. Personal factors, economic factors, and the. The term budget is derived from a French word, bougette meaning a pouch, bag, or wallet. Financial statement analysis and budget variance analysis are ways of assessing the effects of choices. In addition, budget is an annual statement of estimated revenues and expenses. With that information, the worksheet shows how your finances compare with the.
Budgets are ways of projecting the outcomes of choices. How it works: The budget planner enables you to input your monthly income and expenses. Financial statements are ways of summarizing the current situation. Within the folder for each year, you will find, in most cases, the following documents:Īnnual Budgets: The annual budget sets forth the annual operating expenses and revenues for the current fund and water utility operations, as well as the capital improvement program and budget. Financial planning is a continuous process of making financial decisions. To set a budget, look at how much money your business spends, and how much money you can or should spend to maximise your profits. They are generally updated annually and tend not to change over this time. Budgets can estimate revenue, expenses and expected cash flows. This page contains annual Budgets and other Financial documents for each year listed. The operating budget, funded by property tax, user fees and development cost charges, includes all revenue and. Budgeting means outlining your expectations for the upcoming financial year.
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