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Multiyear Allocation Totals Operating Budget FY 2017 House CS Structure Numbers and LanguageAgency: Department of Revenue Appropriation: Taxation and Treasury Allocation: Tax Division ID Session Column[1]
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The operating budget for the fiscal year (fy) is a detailed financial plan that outlines the expected revenue and expenditures for an organization over the course of that fiscal year.
Public entities such as government agencies, educational institutions, and certain non-profit organizations are typically required to file an operating budget for the fiscal year.
To fill out the operating budget for the fiscal year, organizations should gather financial data, estimate revenues, classify expenditures into categories, and ensure that the budget balances revenue against expenses.
The purpose of the operating budget for the fiscal year is to provide a financial framework for decision-making, ensuring that the organization can plan for necessary expenses and forecast revenues to maintain financial health.
The operating budget must report estimated revenues, detailed expenditure categories, funding sources, and any planned capital expenditures for the fiscal year.
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