Finance Budget Meeting Minutes

Company:	[your company name]
Location:	[your company address]
Prepared by:	[your name]
Date:	April 15, 2050
Time:	10:00 AM - 12:30 PM

Attendees:

• Alice Turner, CFO

• Bob Lee, Director of Finance

• Carol Hughes, Budget Analyst

• David Chen, Marketing Director

• Emily White, HR Manager

Absent:

Greg Brown, CEO (On business travel)

Minutes Prepared By:

[your name], Budget Analyst

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1. Meeting Opening

The meeting was called to order at 10:00 AM by Alice Turner, CFO. She welcomed everyone and outlined the primary goals of the meeting: to finalize the budget allocations for the 2051 fiscal year and address any major changes from the previous year.

2. Review of Last Year's Budget

Bob Lee presented a summary of the last year’s budget versus actual spending through a PowerPoint presentation. Key variances were discussed, particularly in the marketing and research departments.

3. Proposed Budget for 2051

3.1 Overview by Department

A detailed proposed budget for each department was provided. Carol Hughes used a table to illustrate the proposed allocations:

Department	Proposed Budget 2051	% Change from 2050
Marketing	$500,000	+10%
Research	$750,000	+15%
Operations	$300,000	+5%
Human Resources	$200,000	-5%
Total	$1,750,000	+6.25%

3.2 Discussion

Each department head discussed the impact of budget changes on their operations. David Chen and Emily White expressed concerns over the proposed cuts and increases, respectively.

4. Adjustments and Approvals

4.1 Modifications

After discussions, adjustments were proposed:

• Increase HR budget by $25,000 for additional training programs.

• Decrease Marketing budget by $20,000, reallocating these funds to HR.

4.2 Final Approval

The final budget, with adjustments, was put to a vote and approved unanimously. The revised totals were displayed in a final table:

Department	Final Budget 2051
Marketing	$480,000
Research	$750,000
Operations	$300,000
Human Resources	$225,000
Total	$1,755,000

5. Next Steps

Alice Turner outlined the next steps, including the adjustment of departmental spending plans to align with the new budget. Departments are to submit their detailed quarterly plans by May 5, 2050.

6. Meeting Close

The meeting was adjourned at 12:30 PM. Alice thanked everyone for their contributions.

7. Approval of Minutes

These minutes were approved by Alice Turner, CFO.

Next Meeting: Scheduled for April 30, 2050, to discuss implementation strategies for the new budget.

Date: [Date]

Time: [Start Time] - [End Time]

Location: [your company address]

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