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Fiscal Year 2020 Operating Budget Department of Education and Early Development Conference Committee (CC) Book (Revised)Legislative Finance Division Box 113200 Juneau, AK 998113200 (907) 4653795 www.legfin.akleg.govColumn
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What is fiscal year operating budget?
A fiscal year operating budget is a financial plan that outlines the expected revenue and expenditures for a government or organization over a specific fiscal year, typically spanning 12 months.
Who is required to file fiscal year operating budget?
Entities such as government agencies, municipalities, non-profits, and certain businesses are typically required to file a fiscal year operating budget, as specified by regulations governing their operations.
How to fill out fiscal year operating budget?
To fill out a fiscal year operating budget, gather data on expected revenues and expenses, categorize them appropriately, use templates or guidelines as required by local regulations, and ensure all figures are accurate and justified.
What is the purpose of fiscal year operating budget?
The purpose of a fiscal year operating budget is to provide a detailed financial plan that helps ensure fiscal responsibility, allocate resources efficiently, guide financial decision-making, and provide transparency to stakeholders.
What information must be reported on fiscal year operating budget?
A fiscal year operating budget must report expected revenues, projected expenses, itemized categories of expenditures, funding sources, and any assumptions underlying the budget projections.
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