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AGENDA VILLAGE OF ROUND LAKE COMMITTEE OF THE WHOLE MEETING March 2, 2020 442 N. Cedar Lake Road To Follow the Regular Board Meeting The Regular Board Meeting is 7:00 P.M.CALL TO ORDER 1. ROLL CALL
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What is a fiscal year end?
A fiscal year end is the completion of a financial year for an organization, marking the end of accounting periods for that year.
Who is required to file a fiscal year end?
Businesses, corporations, and non-profit organizations that follow a fiscal year accounting period are required to file a fiscal year end report.
How to fill out a fiscal year end?
To fill out a fiscal year end, businesses must compile their financial statements, including income statements and balance sheets, and complete tax forms appropriate for their entity type.
What is the purpose of a fiscal year end?
The purpose of a fiscal year end is to assess the financial performance of the organization, prepare for tax obligations, and provide stakeholders with a clear view of the company's financial health.
What information must be reported on a fiscal year end?
Information that must be reported includes revenue, expenses, assets, liabilities, and net income or loss for the fiscal year.
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