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REVENUE FORECASTS PRESENTED TO JOINTAPPROPRIATIONSCOMMITTEE FEBRUARY2017TABLE OF CONTENTS FY2017 AND FY2018 GENERAL FUND REVENUES...1SALES AND USE TAX....2LOTTERY...5CONTRACTORS EXCISE TAX
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Gather all the financial documents for the respective fiscal years, including income statements, balance sheets, and cash flow statements.
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Start with the income statement and enter the total revenue for each year. Break down the revenue sources if necessary.
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Calculate the net income/loss for each year by subtracting the total expenses from the total revenue.
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Move on to the balance sheet and record the assets and liabilities for FY2017 and FY2018. Ensure accuracy and categorization.
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