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23 of 1135.2.REVISED BUDGET 20222023REPORT AUTHOR Tara Killeen, Chief Financial OfficerMANAGERRachel Trophy, Chief Executive OfficerDEPARTMENTFinance and Corporate ServicesRECOMMENDATION In accordance
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The FY proposed budget public is a document that outlines the proposed financial plan for the fiscal year, detailing expected revenues and expenditures by the government or organization.
Typically, government agencies, municipalities, and other public entities are required to file the FY proposed budget public as part of their financial accountability and transparency obligations.
To fill out the FY proposed budget public, entities must gather financial data, outline revenue sources and anticipated expenses, categorize items in accordance to established guidelines, and ensure compliance with regulatory requirements before submitting the document.
The purpose of the FY proposed budget public is to provide transparency, inform the public and stakeholders about the planned financial activities, and allocate resources in a strategic manner to meet the organization’s goals.
The FY proposed budget public must report detailed information including estimated revenues, projected expenditures, funding sources, significant variances from prior budgets, and a summary of the financial position.
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