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DRAFTFiscal Year 2025 PUBLIC HOUSING AGENCY ANNUAL PLANApril 2024City and County of Honolulu Department of Community Services Community Assistance Division 51 Merchant Street, 2\"\'^ Floor Honolulu.

How to fill out fiscal year 2025

How to fill out fiscal year 2025

1. To fill out the fiscal year 2025, follow these steps:
2. Start by gathering all the financial records and statements for the previous fiscal year.
3. Review the financial data and make sure it is accurate and up-to-date.
4. Determine the starting and ending dates of the fiscal year. In this case, it would be from January 1, 2025, to December 31, 2025.
5. Create a balance sheet that shows the company's assets, liabilities, and equity as of the starting date.
6. Prepare an income statement that summarizes the company's revenue, expenses, and net income for the fiscal year.
7. Calculate the cash flow statement, which displays the inflows and outflows of cash during the fiscal year.
8. Include any additional financial statements or required documentation as per the guidelines and regulations of your jurisdiction.
9. Verify the accuracy of all the financial information and ensure it complies with any reporting standards or requirements.
10. Sign and date the fiscal year 2025 report to finalize it.
11. Keep copies of the filled-out fiscal year report for future reference and compliance purposes.

Who needs fiscal year 2025?

1. Fiscal year 2025 is needed by various entities, including:
2. - Companies and businesses that operate on a fiscal year basis rather than a calendar year basis.
3. - Government agencies and organizations that follow a fiscal year for budgeting and financial reporting purposes.
4. - Non-profit organizations that are required to submit annual financial reports.
5. - Investors and stakeholders who want to assess the financial performance of a company during the specific fiscal year.
6. - Regulatory bodies and auditors who need to review and evaluate the financial records of an entity for compliance and accountability.
7. - Financial analysts and researchers who study and analyze trends and patterns in the economy or specific industries.
8. In summary, fiscal year 2025 is essential for any entity that needs to track and report their financial activities for that specific period.

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What is fiscal year?

A fiscal year is a one-year period that companies and governments use for financial reporting and budgeting. It is not necessarily the same as the calendar year, which starts on January 1 and ends on December 31.

Who is required to file fiscal year?

Businesses, nonprofits, and government entities that prepare annual financial statements or tax returns are required to file for a fiscal year. This includes corporations, partnerships, and sole proprietorships, depending on their accounting method and tax obligations.

How to fill out fiscal year?

To fill out a fiscal year filing, you must gather all financial data for the fiscal period in question, complete the necessary forms or reports required by the tax authority or governing body, and ensure all documentation is accurate before submission.

What is the purpose of fiscal year?

The purpose of a fiscal year is to provide a consistent timeframe for reporting financial performance and measuring the financial health of an organization. It allows for better planning, budgeting, and evaluation of an organization’s financial trends and results.

What information must be reported on fiscal year?

Information that must be reported includes total revenues, expenses, profits or losses, assets, liabilities, and equity. Additionally, organizations may need to provide notes and supplementary disclosures as required by accounting standards or regulatory bodies.