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33 Cards in this Set

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THIS IS A LOCAL GOVERNMENT'S SINGLE MOST IMPORTANT FINANCIAL RESPONSIBILITY?
THE ANNUAL BUDGET
THIS EXTABLISHES PLANS AND PRIORITIES FOR SERVICE DELIVERY AND COMMUNICATES THEM TO ALL STAKEHOLDERS IN A WRITTEN FORMAT?
THE ANNUAL BUDGET
THE ANNUAL BUDGET WILL TAKE ABOUT HOW LONG TO FINISH FROM START TO FINISH?
3 TO 6 MONTHS
THE BUDGET SERVES THREE VERY DIFFERENT FUNCTIONS: WHAT ARE THEY?
CONTROL, MANAGEMENT AND PLANNING.
FIRST AND FORMOST, A LOCAL GOVERNMENT BUDGET IS A WHAT?
A LEGAL DOCUMENT
THIS IS AN EFFECTIVE TOOL FOR MANAGING RESOURCES?
PERFORMANCE MEASURES
ELECTED OFFICIALS USE THE BUDGET FOR WHAT?
PLANNING
THE CHIEF ADMINISTRATOR AND DEPARTMENT HEADS US THE BUDGET TO WHAT?
MANAGE AND CONTROL
THESE INDIVIDUALS ARE INTERESTED IN THE BUDGET'S BOTTOM LINE?
THE CITIZENS
THIS GROUP WANT'S TO KNOW HOW THE BUDGET'S BOTTOM LINE WILL AFFECT TAX RATES, USER FEES, AND THEIR DISTRICTS INFRASTRUCTURE?
BUSINESS GROUPS
THIS GIVES THE SUPERVISOR THE AUTHORITY TO OPERATE AND IS THE MOST IMPORTANT GUIDELINE YOU HAVE FOR YOUR OPERATIONS.
THE BUDGET
NEARLY ALL LOCAL GOVERNMENTS HAVE TWO SEPARATE BUDGETS: WHAT ARE THEY?
THE OPERATING AND CAPITAL BUDGET.
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?
LINE-ITEM BUDGET
MANY LOCAL GOVERNMENTS USE THIS TYPE OF BUDGET TOOL BECAUSE IT PROVIDES A CLEAR EXPANATION OF WHAT WILL BE PURCHASED WITH TAX DOLLARS?
LINE-ITEM BUDGET
THIS IS WIDELY USED BY SMALLER LOCAL GOVERNMENTS AND IS THE MOST TRADITIONAL FORM OF BUDGETING IN LOCAL GOVERNMENT?
LIN-ITEM BUDGET
THIS BUDGETING TOOLS FORMAT ORGANIZES A BUDGET BY MAJOR ACTIVITIES. THE FOCUS IS ON WHAT THE GOVERNMENT IS TRYING TO ACHIEVE.
PROGRAM BUDGET
THIS BUDGET PLAN IN ORGANIZED ACCORDING THE THE WORK TO BE ACCOMPLISHED IN EACH PROGRAM?
PERFORMANCE BUDGET
BECAUSE COMPUTERS HAVE FACILITATED THE ADDITIONAL RECORD KEEPING REQUIRED, MORE LOCAL GOVERNMENTS ARE BEGINNING TO USE THIS FORMAT?
PERFORMANCE BUDGET
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?
ZERO-BASE BUDGET
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?
ZERO-BASE BUDGET
WHAT DOES CIP STAND FOR?
CAPITAL IMPROVEMENTS PLAN
THIS IS A MULTIYEAR PLAN FOR THE PURCHASE AND FINANCING OF MAJOR EQUIPMENT OR FACILITIES?
CIP
THE CIP DOES NOT INCLUDE WHAT?
ANYTHING THAT IS USED OR CONSUMED IN THE DAY TO DAY OPERATIONS.
THIS PART OF THE BUDGET COMMUNICATES TO CITIZENS, THE GOVERNING BODY, AND THE MEDIA THE MAJOR ELEMENTS OF THE BUDGET?
THE BUDGE MESSAGE
LOCAL GOVERNMENTS USE THE STANDARDIZED FUNCTION TERMINOLOGY OUTLINED BY THE WHAT?
GOVERNMENT FINANCE OFFICERS ASSOCIATION
HOW MANY STEPS ARE THER IN THE BUDGET PROCESS?
SIX
THE PREPARATION OF A BUDGET BEGINS ABOUT HOW LONG BERFORE THE BEGINNING OF YOUR LOCAL GOVERNMENT'S FISCAL YEAR?
5 MONTHS
USUALLY HOW LONG BEFORE THE NEW FISCAL YEAR, SUPERVISORS AND DEPARTMENT HEADS WILL PREPARE THIR INDIVIDUAL BUDGETS?
4 MONTHS
ONCE THIS PHASE OF BUDGETS HAVE BEEN PREPARED, THE BUDGET OFFICE ORGANIZES THEM INTO A PRELIMINARY BUDGET?
DEPARTMENTAL BUDGET
THIS IS THE THIRD STEP OF THE BUDGET PROCESS?
INTERNAL BUDGET REVIEW
IN THIS PART OF THE BUDGETING PROCESS YOU SHOULD SEPARATE CAPITAL ITEMS FROM OEPERATING EXPENDITURES?
DEPARTMENTAL BUDGET
THIS IS THE FOURTH STEP IN THE BUDGET PROCESS?
EXTERNAL BUDGET REVIEW
THIS IS THE 5TH STEP OF THE BUDGET PROCESS?
IMPLEMENTATION