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2019 Legislature Operating Budget Allocation Summary Governor Amend Structure Numbers and LanguageAgency: Department of Commerce, Community and Economic Development Allocation ___[1] 18Actual ___[2]
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What is fiscal year operating budget?
The fiscal year operating budget is a financial plan outlining the expected revenues and expenses for a specific period of time, usually a year, to ensure proper allocation and management of resources.
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Government agencies, organizations, and businesses are typically required to file a fiscal year operating budget.
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The purpose of a fiscal year operating budget is to plan and track financial activities, set goals, allocate resources, and evaluate performance.
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Key information to report on a fiscal year operating budget includes projected revenues, expenses, capital expenditures, funding sources, and financial performance metrics.
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