SPSC #338 - E 07

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Anonymous
ID:
214174
Filename:
SPSC #338 - E 07
Updated:
2013-04-17 20:30:15
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SPSC 338 07 Budgeting
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Description:
Budgeting class
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  1. The spending of resources expressed in dollars
    Cost
  2. Any twelve consecutive month period
    Fiscal year
  3. The "P" factor in budgeting refers to the influence of
    Politics
  4. In budgeting you will typically work on _____ budgets at one time.
    three
  5. The current budget year is ______
    the budget you are now spending
  6. The police department budget can be used as a ______
    Policy tool
  7. Out Year impacts are __________
    costs reflected in future budgets
  8. Spending plans
    Should be used in all budgets
  9. The four main sources of funds for the police department budget are
    General revenue, bonds, grants and special funds
  10. A list of probable expenses and income during a given period, most often one year is a
    Budget
  11. Money collected from any source source.  In government this is usually from taxes.
    Revenue
  12. The budget year that is being audited
    PY- Prior year
  13. All the expenses needed to run the police department
    Operating budget
  14. Any twelve consecutive month period
    Fiscal year
  15. A "gift" of money from a government of private entity to another entity for the purpose of funding efforts toward a particular goal
    Grant
  16. The spending of resources expressed in dollars
    cost
  17. The year in which funds are being expended
    Cy- Current Year
  18. The budget for “ big ticket “ items
    Capital Budget
  19. The year for which a new budget is being developed
    By- Budget Year
  20. The budget calender tells us
    • Who will do the work, what work will be done, when the work
    • will is due, all the above
  21. The phases of the budget cycle are
    Preparation, approval, execution, audit
  22. Which of the following information about our stakeholders is
    not important to managers, Political interest, Knowledge base, Economic
    interest, Stock market
    Stockmarket
  23. The Budget Manuel contains, Budget calendar, forms,instructions
    All the above
  24. Fixed costs
    Are part fixed and part variable in nature
  25. Audit findings are
    Always a negative thing and a sign of a problem
  26. Appropriations can
    Allocate funds
  27. The police department budgets can be used as a
    Policy tool
  28. Out Year impacts are
    Costs reflected in future budgets
  29. A list of probable expenses and income during a given period,
    most often one year
    Budget
  30. Money collected from any source.  In government this is usually form taxes
    Revenue
  31. The budget year that is being audited
    Prior year
  32. All the expenses needed to run the police department
    Operating budget
  33. A form of budgeting initiated in the early 1900’s  and still widely used today
    Line item
  34. Any twelve consecutive month period
    Fiscal year
  35. A "gift" of money from a government of private
    entity to another entity for the purpose of funding efforts toward a particular
    goal
    Grant
  36. The period of time after the budget year is completed that
    expenditures may be authorized
    Lapse period
  37. Costs that do not vary in total during a period even though the amount of service provided may be more or less than anticipated
    Fixed
  38. The spending of resources expressed in dollars
    Cost
  39. The year in which funds are being expended
    current
  40. The budget for big ticket items
    capital budget
  41. The year for which a new budget is being developed
    Budget year
  42. A listing of major and minor object codes
    Chart of accounts
  43. Costs that fluctuated in total directly with the amount of services provided
    Variable
  44. The movement of money between major and minor code lines
    Transferability
  45. The addition of funds to the budget after it has been adopted/approved
    Supplemental appropriations

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