4 Interpreting budgets
Now you will practise interpreting a budget using an
example of a community
association. First, you will look at income: on the budget this
appears as a list of all the
money the organisation has coming in or has in the bank as
reserves or surplus. If the organisation is not intending to
spend the reserves, they might not be mentioned, although the
budget would usually refer to the expected interest to be earned
for that year.
Activity 4 A community centre’s predicted income
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