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<br /> <br />Uses of Budgets <br /> <br />. Governments must adopt an annual budget. <br />. General funds and Special Revenue funds will <br />have separate budgets. Separate budgets are <br />optional for other funds. <br />. Budgetary accounting principles are the same <br />for any governmental type fund which adopts <br />an annual budget. <br /> <br /> <br />Putting Together the Budget <br /> <br />. Plan the expected inflows <br />- Project revenues based on past history, economic models, etc. <br />. Plan the expected outflows <br />- Ask departments forlheir projecl needs <br />. Balance the inflows and the outflows <br />- Look for places to increase revenues or to cut spending <br />- Governments may also borrow or use accumulated surpluses <br />to balance inflows and outflows <br /> <br /> <br />Classification on Budget Schedule <br /> <br />. Revenues are classified by source <br />- Where the money came from: taxes, licenses and <br />permits, charges for service, ete <br />- May be subdivided further such as by type of tax, <br />sometimes shown in separate schedule <br /> <br />11 <br />