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Times PortsmouthTHURSDAY, APRIL 25, 2024eastbayri.comVOL. 12, NO. 17FREEProposed FY25 budget calls for 39cent tax rate hike Council grapples with unexpected $58K shortfall for schools BY JIM MCGAWjmcgaw@eastbaymediagroup.comPHOTOS
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The FY25 budget refers to the financial plan and allocation of resources for the fiscal year 2025, outlining expected revenues and expenditures.
Entities such as government agencies, nonprofit organizations, and businesses that receive federal funds typically are required to file the FY25 budget.
To fill out the FY25 budget, one should gather historical financial data, project future revenues and expenses, and complete the budget forms provided by the relevant authority.
The purpose of the FY25 budget is to provide a framework for financial planning and management, allocate resources effectively, and ensure accountability in financial operations.
The information reported on the FY25 budget includes revenue sources, planned expenditures, comparative figures from previous years, and any financial assumptions made.
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