--%>
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 : Standard deviation of the portfolio If

    If a stock with a standard deviation of 7% is combined with a stock that has a standard deviation of 5%, what will the standard deviation of the portfolio be? A) 6%B) Greater than 6%C) Less than 6%D) There is not

    		•
  • Q : Bg explain factors that responsible for

    explain factors that responsible for the recent surge in international market

    		•
  • Q : Change in GDP Normal 0 false false

    Normal 0 false false

    		•
  • Q : Describe working capital Describe

    Describe working capital? Working capital contains the current assets of the firm.

    		•
  • Q : Effect of merger activity in the

    How has the merger activity in the past decade influenced the concentration of assets in the banking industry? Over the last decade, the number of commercial banks declined through twenty-one percent and the averag

    		•
  • Q : Which ratios would banker is most

    Which ratios would banker is most interested while considering whether to approve an application for short-term business loan? Describe.Bankers and other lenders employ liquidity ratios to distinguish whether to extend short-term credit to a fir

    		•
  • Q : Influence of mergers on fees assessed

    What influence have mergers had on fees assessed for retail bank services? The effect is not clear. Market conditions and the level of competition often determine the cost for retail bank services.

    		•
  • Q : What is Debt Service Debt Service : The

    Debt Service: The amount (sum) of money needed to pay interest on exceptional bonds and the principal of maturing bonds.

    		•
  • Q : Four major phases of the business cycle

    Normal 0 false false

    		•
  • Q : Define Executive Order Executive Order

    Executive Order (EO): It is a budget document, issued by the Department of Finance, asking for the State Controller’s Office to make an adjustment in their accounts. The adjustments are usually authorized by the Budget Act provision language, Bu

    		•