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Minutes for April 22, 20195:15 PM PUBLIC HEARING FY20 BUDGET Mayor Smith announced that the FY 20 budget is a deficit budget with proposed revenues of $12,647,380 and the anticipated expenditures
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Start by reviewing the previous year's financial performance.
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Gather updated data on sales projections, expenses, and any other relevant financial information.
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Analyze any changes in market conditions or business circumstances that may affect the projections.
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Use this information to update the projected revenues and expenses for the current fiscal year.
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Consider any potential risks or opportunities that could impact the projections.
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Communicate the updated projections to key stakeholders and seek feedback or input as needed.

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The FY 20 projection update is a financial document that projects the expected revenues and expenditures for the fiscal year 2020, allowing organizations to adjust their budgets based on anticipated financial performance.
Entities that receive public funding or are mandated by regulatory agencies are required to file the FY 20 projection update to ensure transparency and accountability in their financial planning.
To fill out the FY 20 projection update, organizations need to provide estimated figures for revenues and expenses, include any significant changes from previous projections, and present forecasts based on historical data and market analysis.
The purpose of the FY 20 projection update is to provide a clear financial outlook for the fiscal year, enabling stakeholders to make informed decisions and to assess the financial health of the organization.
The FY 20 projection update must report projected revenues, anticipated expenditures, major budget adjustments, and any risks that could impact the financial outlook.
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