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ILLINOIS STATE BOARD OF EDUCATION School Business Services Division Accounting Basis:school DISTRICT BUDGET FORM * July 1, 2018, June 30, 2019Cash AccrualBalanced budget, no deficit reduction plan
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01
Start by gathering all the necessary financial information for FY18 (Fiscal Year 2018), including income statements, balance sheets, and cash flow statements.
02
Review the financial data and identify any discrepancies or errors that need to be corrected before filling out the FY18 AFR (Annual Financial Report).
03
Understand the specific requirements and guidelines for filling out the FY18 AFR, which may vary depending on your organization or jurisdiction.
04
Use the provided AFR form or template to input the financial data accurately and comprehensively.
05
Double-check all the entered information to ensure its accuracy and consistency with the supporting documents.
06
Include any necessary explanations or additional notes to provide further context for the financial data being reported.
07
Complete any required financial calculations or ratios as instructed in the AFR form.
08
Submit the filled-out FY18 AFR to the appropriate authority or organization within the designated timeframe.
09
Retain a copy of the submitted FY18 AFR for future reference or auditing purposes.
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Periodically review the filled-out FY18 AFR to ensure its compliance with any updates or changes in accounting standards or regulations.

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Any organization, institution, or company that has a fiscal year ending in 2018 and is required to report their financial performance can benefit from filling out the FY18 AFR.
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This may include governmental agencies, non-profit organizations, publicly traded companies, and other entities that need to demonstrate their financial health and compliance with accounting standards.
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Additionally, stakeholders like shareholders, investors, lenders, and regulatory bodies often request or require the FY18 AFR to assess and evaluate an organization's financial status and activities.
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FY18 AFR stands for Fiscal Year 2018 Annual Financial Report.
Government agencies and organizations that receive federal funding are required to file FY18 AFR.
FY18 AFR can be filled out electronically using the appropriate reporting software provided by the federal government.
The purpose of FY18 AFR is to provide a detailed account of the financial activities and condition of organizations that receive federal funding.
FY18 AFR must report financial statements, notes to the statements, supplementary information, and other required disclosures.
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