Esp Chapter 15

Front 1

THIS IS A LOCAL GOVERNMENT'S SINGLE MOST IMPORTANT FINANCIAL RESPONSIBILITY?

Back 1

THE ANNUAL BUDGET

Front 2

THIS EXTABLISHES PLANS AND PRIORITIES FOR SERVICE DELIVERY AND COMMUNICATES THEM TO ALL STAKEHOLDERS IN A WRITTEN FORMAT?

Back 2

THE ANNUAL BUDGET

Front 3

THE ANNUAL BUDGET WILL TAKE ABOUT HOW LONG TO FINISH FROM START TO FINISH?

Back 3

3 TO 6 MONTHS

Front 4

THE BUDGET SERVES THREE VERY DIFFERENT FUNCTIONS: WHAT ARE THEY?

Back 4

CONTROL, MANAGEMENT AND PLANNING.

Front 5

FIRST AND FORMOST, A LOCAL GOVERNMENT BUDGET IS A WHAT?

Back 5

A LEGAL DOCUMENT

Front 6

THIS IS AN EFFECTIVE TOOL FOR MANAGING RESOURCES?

Back 6

PERFORMANCE MEASURES

Front 7

ELECTED OFFICIALS USE THE BUDGET FOR WHAT?

Back 7

PLANNING

Front 8

THE CHIEF ADMINISTRATOR AND DEPARTMENT HEADS US THE BUDGET TO WHAT?

Back 8

MANAGE AND CONTROL

Front 9

THESE INDIVIDUALS ARE INTERESTED IN THE BUDGET'S BOTTOM LINE?

Back 9

THE CITIZENS

Front 10

THIS GROUP WANT'S TO KNOW HOW THE BUDGET'S BOTTOM LINE WILL AFFECT TAX RATES, USER FEES, AND THEIR DISTRICTS INFRASTRUCTURE?

Back 10

BUSINESS GROUPS

Front 11

THIS GIVES THE SUPERVISOR THE AUTHORITY TO OPERATE AND IS THE MOST IMPORTANT GUIDELINE YOU HAVE FOR YOUR OPERATIONS.

Back 11

THE BUDGET

Front 12

NEARLY ALL LOCAL GOVERNMENTS HAVE TWO SEPARATE BUDGETS: WHAT ARE THEY?

Back 12

THE OPERATING AND CAPITAL BUDGET.

Front 13

THIS BUDGET TOOL ORGANIZES A BUDGET BY CATEGORIES OF EXPENDITURE FOR EACH DEPARTMENT, DIVISION, GENERALLY THERE ARE TWO BROAD EXPENDITUR CATEGORIES: "SALARIES" AND "OTHER EXPENSES". WHAT IS IT?

Back 13

LINE-ITEM BUDGET

Front 14

MANY LOCAL GOVERNMENTS USE THIS TYPE OF BUDGET TOOL BECAUSE IT PROVIDES A CLEAR EXPANATION OF WHAT WILL BE PURCHASED WITH TAX DOLLARS?

Back 14

LINE-ITEM BUDGET

Front 15

THIS IS WIDELY USED BY SMALLER LOCAL GOVERNMENTS AND IS THE MOST TRADITIONAL FORM OF BUDGETING IN LOCAL GOVERNMENT?

Back 15

LIN-ITEM BUDGET

Front 16

THIS BUDGETING TOOLS FORMAT ORGANIZES A BUDGET BY MAJOR ACTIVITIES. THE FOCUS IS ON WHAT THE GOVERNMENT IS TRYING TO ACHIEVE.

Back 16

PROGRAM BUDGET

Front 17

THIS BUDGET PLAN IN ORGANIZED ACCORDING THE THE WORK TO BE ACCOMPLISHED IN EACH PROGRAM?

Back 17

PERFORMANCE BUDGET

Front 18

BECAUSE COMPUTERS HAVE FACILITATED THE ADDITIONAL RECORD KEEPING REQUIRED, MORE LOCAL GOVERNMENTS ARE BEGINNING TO USE THIS FORMAT?

Back 18

PERFORMANCE BUDGET

Front 19

THIS BUDGET PROGRAM ELECTED OFFICIALS CONSIDER A VARIETY OF FUNDING LEVELS FOR EACH PROGRAM AND THEN SELECT THE LEVELS FOR EACH PROGRAM AND THEN SELECT THE LEVEL THEY BELIEVE BEST MEETS CITIZENS NEEDS?

Back 19

ZERO-BASE BUDGET

Front 20

THIS TYPE OF BUDGET IS USED BY ONLY A FEW LOCAL GOVERNMENTS BECAUSE A HUGE COMMITMENT OF STAFF TIME IS REQUIRED TO PREPARE AND PROPERLY EVALUATE EACH OF THE ALTERNATIVES?

Back 20

ZERO-BASE BUDGET

Front 21

WHAT DOES CIP STAND FOR?

Back 21

CAPITAL IMPROVEMENTS PLAN

Front 22

THIS IS A MULTIYEAR PLAN FOR THE PURCHASE AND FINANCING OF MAJOR EQUIPMENT OR FACILITIES?

Back 22

CIP

Front 23

THE CIP DOES NOT INCLUDE WHAT?

Back 23

ANYTHING THAT IS USED OR CONSUMED IN THE DAY TO DAY OPERATIONS.

Front 24

THIS PART OF THE BUDGET COMMUNICATES TO CITIZENS, THE GOVERNING BODY, AND THE MEDIA THE MAJOR ELEMENTS OF THE BUDGET?

Back 24

THE BUDGE MESSAGE

Front 25

LOCAL GOVERNMENTS USE THE STANDARDIZED FUNCTION TERMINOLOGY OUTLINED BY THE WHAT?

Back 25

GOVERNMENT FINANCE OFFICERS ASSOCIATION

Front 26

HOW MANY STEPS ARE THER IN THE BUDGET PROCESS?

Back 26

SIX

Front 27

THE PREPARATION OF A BUDGET BEGINS ABOUT HOW LONG BERFORE THE BEGINNING OF YOUR LOCAL GOVERNMENT'S FISCAL YEAR?

Back 27

5 MONTHS

Front 28

USUALLY HOW LONG BEFORE THE NEW FISCAL YEAR, SUPERVISORS AND DEPARTMENT HEADS WILL PREPARE THIR INDIVIDUAL BUDGETS?

Back 28

4 MONTHS

Front 29

ONCE THIS PHASE OF BUDGETS HAVE BEEN PREPARED, THE BUDGET OFFICE ORGANIZES THEM INTO A PRELIMINARY BUDGET?

Back 29

DEPARTMENTAL BUDGET

Front 30

THIS IS THE THIRD STEP OF THE BUDGET PROCESS?

Back 30

INTERNAL BUDGET REVIEW

Front 31

IN THIS PART OF THE BUDGETING PROCESS YOU SHOULD SEPARATE CAPITAL ITEMS FROM OEPERATING EXPENDITURES?

Back 31

DEPARTMENTAL BUDGET

Front 32

THIS IS THE FOURTH STEP IN THE BUDGET PROCESS?

Back 32

EXTERNAL BUDGET REVIEW

Front 33

THIS IS THE 5TH STEP OF THE BUDGET PROCESS?

Back 33

IMPLEMENTATION