--%>
Assignment Help - homework help

Explain Department of Finance

Department of Finance (Finance): The Director of Finance functions as the Governor’s chief fiscal policy advisor with the emphasis on financial integrity of the state. Finance is delegated the accountability for preparation of the Governor's Budget. The primary functions of the department comprise:

• Prepare, elucidate, and administer the state’s annual financial plan (that is, budget), which the Governor is needed under the State Constitution to present by January 10 of each and every year.

• Analyze the legislation.

• Establish suitable fiscal policies to fetch out the state’s programs.

• Develop and sustain the California State Accounting and Reporting System (that is, CALSTARS), that is used by most of the state departments to record their accounting transactions.

• Monitor and audit expenses by state departments to make sure compliance with the law, accepted standards and policies.

• Build up economic forecasts and revenue approximations.

• Build up population and enrollment approximations and projections.

• Review expenses for information technology actions of state departments.

• Support the Director or designee in their responsibility as member of around 95 state boards and commissions.

   Related Questions in Finance Basics

  • 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 : What is Victim Compensation and

    Victim Compensation and Government Claims Board, California: It is an administrative body in state government exercising quasi-judicial powers (that is, power to make rules and regulations) to set up an orderly procedure by which the Legislature will

    		•
  • Q : Fin 335 International finance 1. The

    1. The exchange rate is 1.22 Swiss francs per U.S. dollar. How many U.S. dollars are needed to purchase 1,500 Swiss francs? [$1,229.51] 2. You are planning an extended trip to Hong Kong. You have located some housing

    		•
  • Q : Price The Audiology Department at

    The Audiology Department at Randall Clinic offers many services to the clinic’s patients. The three most common , along with cost and utilization data, are as follows: Service Variable cost per service Annual Direct Fixed cost Annual Number of Visits Basic Examination $5. $50,000 3,000 Advanced

    		•
  • Q : Define the term Unappropriated Surplus

    Define the term Unappropriated Surplus: It is an outdated term for that part of the fund balance not reserved for particular purposes.

    		•
  • Q : Aggregate expenditure Normal 0 false

    Normal 0 false false

  • Q : Describe difference between business

    Describe difference between business risk and financial risk?Business risk refers to the uncertainty company hold regarding to its operating income (also termed as earnings before interest & taxes or EBIT). Business risk is brought onto sale

    		•
  • Q : Production at a point outside the

    Normal 0 false false

  • Q : Describe trustworthy collateral from

    Describe trustworthy collateral from the lenders' perspective? Describe whether accounts receivable and inventory are trustworthy collateral. Assets which are readily marketable, of stable value, and not likely to "disappear" make for trustwort

    		•
  • Q : Emergency Banking Act What did the

    What did the Emergency Banking Act do?

    		•