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Adopted Budget 201819 Fiscal Year Ending June 30, 2019Adopted by the Board of Trustees June 12, 2018PLANO INDEPENDENT SCHOOL DISTRICTBOARD OF TRUSTEES Ms. Missy Bender, President Dr. To ram Solomon,
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The fiscal year is a one-year period that companies and governments use for financial reporting and budgeting. It may or may not align with the calendar year and is crucial for accounting purposes.
Businesses, organizations, and entities that are required to prepare financial statements and reports for accounting purposes must file their fiscal year reports.
Filling out the fiscal year report typically involves gathering financial data, completing required forms, and ensuring all relevant information is accurately reported according to accounting standards.
The purpose of a fiscal year is to provide a consistent timeframe for financial reporting, allowing stakeholders to assess an organization’s financial performance and compliance.
Key information to report includes income, expenses, assets, liabilities, and equity, along with any additional disclosures required by accounting regulations.
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