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#Budget workbook and gra license

While geared towards IT, much of it can be applied to any budgeting project.

Creating your project budget: Where to begin? - A great little article about things to consider when preparing your budget.

Use your budget to track your performance and to communicate with other departments before, during and after your project.

This can run into scheduling conflicts which will ultimately blow your budget.

Watch your time estimates – don't underestimate the time it will take to complete tasks.

For individuals, be sure to add time off, overtime, insurance and other overhead numbers if needed.

Don't forget to include maintenance for machines and equipment.

Make sure you have an accurate understanding of your resources and the costs associated with those resources.

They will be better able to provide accurate estimates of the project costs in their areas. Make sure you get input from all the other key individuals and organizations that will play a role in delivering the project. But don't over inflate your budget too much or you may never get the project started.

Build some contingencies into your budget for unexpected costs and delays.

These can be important when tracking your project and reviewing the outcome.

Make sure you document your assumptions when putting together your budget.

If your budget result is zero (0), that means you’re right on trackyou’re spending or saving as much as you’ve planned. The City has been the recipient of the award for the last 8 consecutive years. Budget result Amount We calculated your budget results by subtracting all your expenses and the amount you want to save from your monthly income. In order to receive the award, a governmental unit must publish a document that meets program criteria as a policy document, as an operation guide, as a financial plan, and as a communications device. This form is used to apply to individual State of Illinois discretionary grant programs. The Annual Budget Book is submitted to the Distinguished Budget Presentation Award program of the the Government Finance Officer's Association (GFOA). To learn more about this process, please visit the BUDGET page. The budget is determined based on a process that begins at the Mayor and Department level and ends with final adoption of the budget by City Council prior to October 1 of each year.

#Budget workbook and gra license

The budget book contains the annual budget of the City, but also contains other valuable information on the community, historical comparative budget data, department performance indicators, the City's 6-Year Capital Improvement Program, comparative staffing information, and a listing of license and permit fees for the year. The ACFR and SEFA for current and previous years are linked below:Įach year the City of Grand Forks prepares an Annual Budget Book. (Please note that the name of this report was changed starting with the 2020 report from Comprehensive Annual Financial Report (CAFR) to Annual Comprehensive Financial Report (ACFR).

This includes both the independent auditor's opinion on the financial activities of the City and also a Schedule of Expenditures of Federal Awards (SEFA) and details the expenditures and certifies their compliance with applicable federal requirements. Click the workbook, and then click Create New. In the New from Existing Workbook dialog box, browse to the drive, folder, or Internet location that contains the workbook that you want to open. The City has been awarded the Certificate of Achievement for the last 35 consecutive years.Īn accompanying document to the ACFR is the Independent Auditor's Reporting Requirements and Other Communications Required Under the Single Audit Act. Under Templates, click New from existing. In order to receive the prestigious award, a government must publish an easily readable and efficiently organized comprehensive annual financial report which satisfies both Generally Accepted Accounting Principles (GAAP) and applicable legal requirements. The report is submitted to the Government Finance Officer's Association (GFOA) in its Certificate for Achievement for Excellence in Financial Reporting Program. The report is prepared annually and is audited by an independent accounting firm. The Annual Comprehensive Financial Report (ACFR) contains a reporting of the operations and financial position of the City for the past year. These publications provide a variety of information which is useful to all types of users, from citizens, to researchers, to City staff, to other governmental agencies and bodies. The Finance and Administrative Services Department creates several reports and publications throughout the year.