An annual budget report is a financial document that outlines an organization's expected income and expenses for a year. It helps stakeholders, such as management, investors, and employees, understand how resources will be allocated. The report typically includes detailed projections, comparisons to previous years, and explanations for any significant changes. These reports are essential for effective financial planning and decision-making. They provide a framework for monitoring performance throughout the year, allowing organizations to adjust their strategies as needed. By analyzing the annual budget report, stakeholders can assess the financial health and operational efficiency of the organization.