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CAROLINE COUNTY
INTERDEPARTMENTAL MEMORANDUM
TO:Charles M. Cullen, Jr.
County AdministratorFROM:Frances Hatcher
Finance Directorate:September 21, 2017RE:FY 2017 Budget AmendmentsAttached is the budget
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What is year end budget amendment?
A year end budget amendment is a modification or adjustment made to a previously approved budget at the end of the fiscal year.
Who is required to file year end budget amendment?
Government agencies, organizations, or entities that have a fiscal year-end budget are required to file a year end budget amendment.
How to fill out year end budget amendment?
To fill out a year end budget amendment, one must gather all financial information from the fiscal year, make any necessary adjustments, and submit the revised budget to the appropriate authorities.
What is the purpose of year end budget amendment?
The purpose of a year end budget amendment is to accurately reflect the financial activities and changes that occurred during the fiscal year.
What information must be reported on year end budget amendment?
Information such as actual revenues and expenses, variances from the original budget, reasons for adjustments, and any additional funding sources must be reported on a year end budget amendment.
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