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Fiscal Year 2018 Operating Budget Department of Revenue Conference Committee (CC) Non-legislative Finance Division Box 113200 Juneau, AK 998113200 (907) 4653795 www.legfin.akleg.govColumn Definitions 16Actual
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A fiscal year operating budget is a financial plan that outlines the expected revenue and expenses of an organization for a specific fiscal year, typically for a 12-month period.
Typically, government entities, non-profit organizations, and certain businesses are required to file a fiscal year operating budget as part of their financial reporting obligations.
To fill out a fiscal year operating budget, organizations must gather relevant financial data, estimate income and expenses for the fiscal year, categorize these figures, and compile them into a formal budget document.
The purpose of a fiscal year operating budget is to provide a comprehensive plan for financial activity, facilitate resource allocation, guide operational planning, and ensure accountability for financial performance.
The information that must be reported includes projected revenues, planned expenditures, budget categories, comparative data from prior years, and any assumptions used in budgeting.
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