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FY 2024 GENERAL FUND ADJUSTMENTSREVENUES Ongoing Revenues Previously Enacted Tax Reductions Newly Enacted Revenue Adjustments Urban Revenue Sharing Net Ongoing Revenues OneTime Revenues Balance Forward

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How to fill out ongoing revenues

01

Identify all sources of recurring income, such as subscriptions, contracts, or leases.

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Estimate future revenues based on past performance, adjusting for any expected changes in customer behavior or market conditions.

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Document assumptions made during the revenue estimation process for clarity and future reference.

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Create a spreadsheet or use financial software to calculate total ongoing revenues by summing individual revenue streams.

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Businesses seeking to understand their cash flow.

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What is ongoing revenues?

Ongoing revenues refer to the continuous stream of income generated by a business from its regular operations, excluding one-time or irregular sources of income.

Who is required to file ongoing revenues?

All businesses and organizations that generate income are typically required to file ongoing revenues, including corporations, partnerships, and sole proprietorships, especially for tax purposes.

How to fill out ongoing revenues?

To fill out ongoing revenues, businesses should accurately report their income from sales, services, and investments on the designated forms, ensuring all figures are supported by correct accounting practices and documentation.

What is the purpose of ongoing revenues?

The purpose of ongoing revenues is to provide a clear picture of a business's financial health and sustainability, allowing stakeholders to assess performance and make informed decisions.

What information must be reported on ongoing revenues?

The information that must be reported on ongoing revenues typically includes total sales or service income, other sources of operating income, and any deductions or allowances made during the reporting period.

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