Finance Budget Resolution
Resolution Number: [Number] | Date: [Month Day, Year] |
WHEREAS, the Board of Directors of [Your Company Name] recognizes the necessity of prudent financial management and the importance of establishing a comprehensive budget for the fiscal year [2050-2051];
WHEREAS, the Finance Committee has prepared and submitted a proposed budget for the said fiscal year, which includes detailed projections of revenues and expenditures, aligning with the strategic objectives and operational needs of the company;
NOW, THEREFORE, BE IT RESOLVED, that the Board of Directors hereby approves and adopts the budget as presented by the Finance Committee for the fiscal year [2050-2051], summarized as follows:
Summary of Revenue Projections:
Revenue Source | Quarter 1 | Quarter 2 | Quarter 3 | Quarter 4 |
Product Sales | $1,000,000 | $1,200,000 | $1,500,000 | $1,700,000 |
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Summary of Expenditure Projections:
Expenditure Category | Quarter 1 | Quarter 2 | Quarter 3 | Quarter 4 |
Salaries | $300,000 | $300,000 | $300,000 | $300,000 |
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BE IT FURTHER RESOLVED, that the Finance Committee is tasked with the ongoing monitoring of the budget, ensuring that expenditures align with the approved projections and reporting any significant variances to the Board in a timely manner.
ADOPTED this [2nd day of January, 2050], by the Board of Directors of [Your Company Name], acting in accordance with its bylaws and the laws of its jurisdiction.
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