1) The budget document is a public record of a community dialogue for?
2) Public sector produces both public and private goods, while the private sector produces only?
3) State owned liquor stores are another example of government provision of a private service that lingers as a result of?
4) Tax categories include all but which of the following:
5) An individual’s personal interaction with government employees particularly an initial encounter with an agency does what?
6) Budgetary balance is?
7) Real property is?
8) The largest source of local revenue for the building department should be?
9) Local governments should make greater use of service charges because such charges provide?
10) The budget format most associated with budgeting is known as:
11) Zero Based Budgeting [ZBB] is based upon?
12) A local government begins by developing a mission statement that clearly articulates the organization’s purpose and values with a?
13) The process of preparing a budget is about discovering the linkages between?
14) The purposes of a budget office include all of the following except?
15) The core value of the finance department is?
16) The focus of the finance department is?
17) How long does the accounting and auditing report cover?
18) The phases of the budget cycle include:
19) What provides a roadmap to the preparation and adoption of the budget for the next fiscal year?
20) What is the most important task in budget preparation?
21) The culmination of the preparation phase, which represents the executive’s proposed spending plan for the coming year is the?
22) After reviewing and revising the executive’s proposal, the legislature adopts the budget into law by passing?
23) Administrators responsible for budget implementation enter into contracts and issue?
24) Purchase orders do what?
25) For most local governments, the budget consists of two documents, which are:
26) The capital budget is usually a part of a more comprehensive plan that projects major construction and acquisition needs for a five to eight year period, and is known as?
27) The budget policy guides budget deliberations for?
28) Governmental funds do not include which of the following?
29) Elements of a budget policy statement include?
30) One benefit of preparing the operating and capital budgets concurrently is to?
31) Which of the following is not one of the more common types of budget reserves uses?
32) What funds are usually maintained in the general fund to provide resources when revenues decline because of an economic slowdown?
33) Revenue collections may deviate substantially from those on which the budget is based, and the operating budget may need to be?
34) Revenue policy provides continuity in the procedures and assumptions guiding the funding decisions of government. The policies of concern here are those that directly affect funding of the operating and capital budgets and include?
35) A tool of financial control for the accounting/financial reporting system is?
36) Sources of financial control in financial control systems include all of the following except?
37) Budget implementation includes all but which of the following functions?
38) What occurs when a request for the purchase of goods or services is approved and forwarded to an outside vendor?
39) If a required budget correction is of sufficient magnitude, the council may?
40) What year was the Governmental Accounting Standards Board [GASB] created?
41) An example of an Agency fund is?
42) What is a fund that is established to account for the proceeds of revenue source, typically an excise tax that is earmarked or restricted by law for a particular purpose?
43) What is an example of a Proprietary Fund?
44) What kind of funds account for services that are substantially supported by customer fees, such as wastewater services?
45) Funds where governments can act as a custodian of resources on behalf of other governments, such as the collection of sales taxes on behalf of cities.
46) Which of the following are fiduciary funds?
47) What are fiduciary funds?
48) A plan that spans a multiyear period and provides itemized details on projects they wish to undertake during those years?
49) Revenue estimations typically include all of the following, except?
50) That level of service that managers and council members assume to be achievable given the resources they appropriate in the final budget is?
51) Expenditures is an accounting term that refers to the value of goods and services received during a period of time