Budget Tips

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Budget Tips
Some things to consider
Good Government
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What is a budget?

• Definitions- (n.)
• Summary of income and spending- an often itemized
  estimate of income and spending, for example, of
  a country or company, during a specified period.
• Plan for allocating resources- a plan specifying
  how resources, for example, time or money, will
  be spent or allocated during a particular period.
• Money for a specific purpose- the total amount of
  money allocated or needed for a specific purpose
  or period of time.
• Definitions, contd.- (v.)
• To plan spending.
• To live within spending limits.

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Why?

• We are stewards of public resources and MONEY!

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By the letters
B efore you begin with numbers, you must first U
D G E T
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By the letters
B efore you begin with numbers, you must first U
nderstand the goals/visions for the upcoming
year. D G E T
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By the letters
B efore you begin with numbers, you must first U
nderstand the goals/visions for the upcoming
year. D etermine deviations from the current
years budget by G E T
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By the letters
B efore you begin with numbers, you must first U
nderstand the goals/visions for the upcoming
year. D etermine deviations from the current
years budget by G athering detailed projections
for the upcoming year. E T
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By the letters
B efore you begin with numbers, you must first U
nderstand the goals/visions for the upcoming
year. D etermine deviations from the current
years budget by G athering detailed projections
for the upcoming year. E xcellence and precision
in accounting will facilitate T
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By the letters
B efore you begin with numbers, you must first U
nderstand the goals/visions for the upcoming
year. D etermine deviations from the current
years budget by G athering detailed projections
for the upcoming year. E xcellence and precision
in accounting will facilitate T imely
preparation and evaluation of your BUDGET!
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Bottom Line

• Plan Early- Have a vision for the upcoming year
• Review Often- Keep accurate, up to date
  accounting records.

• Dont Be Afraid to Amend the Course!