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FY18 DRAFT BUDGET May 10, 2017 (Revised 5/11/17)Beverly School Committee Kris Silverstein, President Paul Mango, Vice President Rachael Bell Paul Goodwin John Lullaby Dorinda Vi snick Michael Cahill,

How to fill out fy18 draft budget

How to fill out fy18 draft budget

1. To fill out the FY18 draft budget, follow these steps:
2. Gather all the necessary financial information, such as revenue and expenses for the upcoming fiscal year.
3. Determine the budgeting period and the desired level of detail for the budget, such as monthly or quarterly breakdowns.
4. Start by listing all the sources of revenue for FY18, such as grants, sales, or loans. Specify the expected amounts for each source.
5. Identify all the expenses that need to be accounted for in the budget. Categorize them into relevant groups, such as personnel costs, operational expenses, or capital expenditures.
6. Break down each expense category further and estimate the amount needed for each sub-category.
7. Consider any additional factors that may impact the budget, such as inflation, economic trends, or changes in regulations.
8. Calculate the total revenue and subtract the total expenses to determine the projected surplus or deficit for FY18.
9. Review and revise the draft budget as needed, ensuring it aligns with the organization's goals, objectives, and financial constraints.
10. Seek feedback and input from relevant stakeholders, such as department heads or finance committee members.
11. Make any necessary adjustments based on feedback and finalize the FY18 draft budget for approval.

Who needs fy18 draft budget?

1. The FY18 draft budget is typically needed by:
2. - Organizations or businesses to plan and allocate financial resources for the upcoming fiscal year.
3. - Government entities to set budgetary priorities, allocate funds for different departments or projects, and ensure fiscal responsibility.
4. - Managers or department heads to track and control expenses within their respective areas and make informed decisions.
5. - Finance committees or boards of directors to review, approve, or provide recommendations on the budget.
6. - Investors, stakeholders, or creditors who want to assess the financial health and future prospects of an organization.
7. - Auditors or regulatory bodies to ensure compliance, transparency, and accountability in financial management.
8. - Grantors or funding agencies that require a detailed budget as part of funding applications or reporting.

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What is fy18 draft budget?

The fy18 draft budget is the proposed budget for the fiscal year 2018.

Who is required to file fy18 draft budget?

Government agencies and organizations are required to file the fy18 draft budget.

How to fill out fy18 draft budget?

The fy18 draft budget can be filled out by detailing income, expenses, and proposed allocations for the fiscal year 2018.

What is the purpose of fy18 draft budget?

The purpose of the fy18 draft budget is to allocate resources efficiently and effectively for the fiscal year 2018.

What information must be reported on fy18 draft budget?

Information such as projected revenue, anticipated expenses, and budget allocation must be reported on the fy18 draft budget.