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STATE OF MARYLANDCDBG PROGRAMS FY 2020 APPLICATIONCOMMUNITY DEVELOPMENT SPECIAL PROJECTS Lawrence J. Hogan, Governor Boyd K. Rutherford, Lt. Governor Kenneth C. Holt, Secretary Anthony Reed, Deputy
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How to fill out budget highlights fiscal year

01
To fill out budget highlights for the fiscal year, follow these steps:
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Start by gathering all necessary financial information for the fiscal year, including revenue projections, expense estimates, and any other relevant financial data.
03
Review the previous year's budget highlights to identify any areas that require adjustments or updates for the upcoming year.
04
Begin by outlining the major budget categories, such as revenue sources and expense categories, and assign forecasted amounts to each.
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Break down the revenue sources and expense categories into subcategories and allocate specific amounts or percentages to each.
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Consider any anticipated changes or developments that may impact the budget, such as new projects, funding opportunities, or cost-saving measures.
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Ensure that the budget highlights align with the organization's strategic goals and objectives for the fiscal year.
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Review and revise the budget highlights as necessary to ensure accuracy, feasibility, and financial sustainability.
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Seek input and feedback from relevant stakeholders, such as department heads or finance committee members, to ensure inclusivity and accountability.
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Once the budget highlights are finalized, document them in a clear and organized format, making them easily accessible to stakeholders and decision-makers.
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Continuously monitor and evaluate the budget highlights throughout the fiscal year, making adjustments as needed to maintain financial stability and support strategic initiatives.

Who needs budget highlights fiscal year?

01
Budget highlights for the fiscal year are needed by various stakeholders, including:
02
- Organizational leaders and executives who are responsible for financial planning and decision-making.
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- Board members and trustees to ensure the financial sustainability and accountability of the organization.
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- Employees and team members to gain insight into budget priorities and resource allocation.
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- Shareholders and investors who are interested in the organization's financial performance and stability.
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- Other members of the public or community who have a vested interest in the organization's financial activities.

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Budget highlights for a fiscal year summarize key financial priorities and allocations for the upcoming budget, detailing major initiatives, revenue sources, and expenditure plans.
Entities such as government agencies, departments, and organizations receiving public funds are typically required to file budget highlights for the fiscal year.
To fill out budget highlights, organizations should gather financial data, outline major projects and spending areas, and summarize anticipated revenue and expenditures in a clear format.
The purpose of budget highlights is to provide a concise overview of an organization's financial plan, help stakeholders understand key funding priorities, and ensure transparency in resource allocation.
Budget highlights must report information such as projected revenue, planned expenditures, key initiatives, and comparisons to previous fiscal years.
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