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GO Item 2 November 23, 2020, Work session MEMORANDUM November 18, 2020, TO:Government Operations and Fiscal Policy CommitteeFROM:Robert H. Drummer, Senior Legislative AttorneySUBJECT:Bill 4320, Nonmerit
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The FY19 operating budget is the financial plan outlining estimated revenues and expenses for the fiscal year 2019.
Government agencies, institutions, and organizations that receive public funds are typically required to file FY19 operating budgets.
FY19 operating budgets are usually filled out by financial officers or designated personnel following guidelines provided by relevant authorities.
The purpose of the FY19 operating budget is to plan and manage finances, allocate resources, and monitor financial performance for the fiscal year 2019.
FY19 operating budgets typically include revenue projections, expense estimates, funding sources, and budgetary allocations.
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