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COUNTY OF MADISON, VIRGINIAProposed FY 2019 BudgetPresented March 22, 2018, For Consideration During Public Hearings on April 10 & 24, 201812Table of Contents 5Local Officials ........................................................................................................................
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01
Start by gathering all relevant financial information for the proposed FY 2019 budget.
02
Identify and categorize the different revenue sources for the budget.
03
Allocate the expected amounts of revenue to each category based on estimates.
04
Determine the various expenses and expenditures that need to be accounted for in the budget.
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Categorize and allocate the expenses into appropriate sections, such as salaries, operations, capital investments, etc.
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Consider any existing debt or financial obligations that need to be factored into the budget.
07
Review and adjust the budget to ensure it aligns with financial goals and objectives.
08
Prepare the final projected budget for FY 2019, including a summary of expected revenue, expenses, and net result.
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Seek feedback and approval from relevant stakeholders, such as the finance department, management, or board of directors.
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Once approved, implement and monitor the FY 2019 budget, making adjustments as necessary throughout the fiscal year.

Who needs proposed fy 2019 budget?

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The proposed FY 2019 budget is needed by any organization, business, or government entity that operates on a fiscal year basis.
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This includes corporations, non-profit organizations, government agencies, educational institutions, and any other entity that requires financial planning and management.
03
The budget helps these entities allocate resources, plan for expenses, set financial goals, track performance, and make informed decisions based on available funds.
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The proposed FY budget is a financial plan for the upcoming fiscal year that outlines expected revenues and expenditures.
Government agencies and organizations are typically required to file a proposed FY budget.
The proposed FY budget is usually filled out by analyzing past financial data, projecting future income and expenses, and making necessary adjustments.
The purpose of the proposed FY budget is to serve as a roadmap for financial planning and decision-making for the upcoming fiscal year.
The proposed FY budget typically includes details on expected revenues, expenses, funding sources, and budget allocations.
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