Define Revolving Fund, Revolving Fund : Usually refers to a cash account termed as an

Define Revolving Fund

Revolving Fund: Usually refers to a cash account termed as an office revolving fund (ORF). This is not a fund however an advance from an appropriation. The agencies might use the cash advance to pay out ORF checks for instant requirements, as specified in SAM. The cash account is afterward replenished by a State Controller’s Office warrant. The dimension of departmental revolving funds is subjected to the Department of Finance support within statutory limits.

View Complete Question

Related Questions in Finance Basics

Q : What is the cost of equity Intermediate

Intermediate Finance Always leave 4 decimals in the ($) numbers in your calculations (e.g. PMT = $10.8924) and, particularly, 6 decimals for interest rates (e.g. r = 0.078643 or 7.8643%). QUESTION 1:?Conlins Manufactu

Q : Capital investment appraisal methods

The capital investment appraisal methods like NPV, IRR, ARR, PV and Time value of money have become irrelevant post Celtic Tiger. Due to the depth of the recession companies do not have budgets to invest. Explain? At first use this

Q : Explain Section 26.00 Section 26.00 :

Section 26.00: It is a Control Section of Budget Act which gives the authority for the transfer of funds from one class, program or function in a schedule to the other category, program or function in the similar schedule, subject to particular limita

Q : What is Service Revolving Fund Service

Service Revolving Fund: A fund employed to account for and finance most of the client services provided by the Department of General Services. The amounts expended by the fund are repaid by sales and services priced at rates adequate to keep the fund

Q : Equilibrium price level and level of

Normal 0 false false

Q : Define Legislature Legislature,

Legislature, California: Two-house bodies of elected representatives vested with the accountability and power to make laws affecting the state (that is, except as limited by the veto power of the Governor).

Q : Define Subcommittee Subcommittee : The

Subcommittee: The smaller groupings into which the Senate or Assembly committees are frequently divided. For illustration, the fiscal committees which hear the Budget Bill are classified into subcommittees usually by departments or subject area (examp

Discover Q & A

Leading Solution Library

Avail More Than 1454403 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1925688
Asked

3,689

Active Tutors

1454403

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment