CAI-NJ JulyPROOFUpdate.pdf

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60 J U L Y , 2 0 1 7
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CONTACT:
Mohammed Salyani, CPA, FCCA (UK)
An Independent Member of the BDO Alliance USA
1200Tices Lane
East Brunswick, NJ 08816
Tel: 732.846.3000
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is not updated on a consistent cyclical
basis, there may be common elements
that should be funded but are not
being considered. Taking these fac-
tors into account will also reduce the
uncertainty of adequate funding.
Lastly, a contingency line item is
another way to make sure that the
budget compensates for the unex-
pected. The amount that should be
included is really a best guess, but
can be based somewhat on past
experiences. This line item can be
used to fund those unexpected costs
that are incurred.
Hopefully, a thorough and thought-
ful approach, can help to reduce or
even mitigate uncertainties within the
budget process. Q
LEGISLATIVE UPDATE...
from page 9.