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Attachment Luis Obis Local Agency Formation Commission TO:MEMBERS OF THE COMMISSIONER:ROB FITZROY, EXECUTIVE OFFICIATE:MAY 18, 2023SUBJECT:FINAL FISCAL YEAR 20232024 BUDGET AND WORK PLANCOMMISSIONERS
ChairDEBBIE
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What is fiscal year budget request?
A fiscal year budget request is a formal proposal submitted by an entity, usually a government agency, outlining its planned financial expenditures and projected revenues for the upcoming fiscal year.
Who is required to file fiscal year budget request?
Typically, government agencies and departments are required to file a fiscal year budget request. This may also include certain non-profit organizations and private entities that receive government funding.
How to fill out fiscal year budget request?
To fill out a fiscal year budget request, entities should gather relevant financial data, outline expected revenues and expenditures, adhere to any specific guidelines provided by funding authorities, and submit the request in the required format and by the stipulated deadline.
What is the purpose of fiscal year budget request?
The purpose of a fiscal year budget request is to communicate anticipated financial needs and plans to fund decision-makers, ensuring that sufficient resources are allocated for various programs and services.
What information must be reported on fiscal year budget request?
A fiscal year budget request typically requires reporting on proposed revenues, planned expenditures, detailed project descriptions, justifications for funding, and any assessments of past performance.
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