--%>
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 : What is Operating Expenses and Equipment

    Operating Expenses and Equipment (OE&E): This is a class of a support appropriation which comprises objects of expenditure like general expenses, communication, printing, travel, data processing, tools, and accessories for the equipment.

    		•
  • Q : What is Reverted Appropriation Reverted

    Reverted Appropriation: An appropriation which is reverted to its fund source after the date its liquidation period has terminated.

    		•
  • Q : Assignments i want to write final state

    i want to write final state report. My state is Texas.

    		•
  • Q : Describe patterns of cash flows for

    Describe two patterns of cash flows for a share of common stock. How does the market find out the value of the most common cash flow pattern for common stock?Cash flows for share of common stock contain dividend payments and the price attained f

    		•
  • Q : Define General Fund General Fund (GF):

    General Fund (GF): For lawful basis accounting and budgeting aims, the predominant fund for the financing state government programs, employed to account for revenues that are not particularly designated to be accounted for by another fund. The main so

    		•
  • Q : Explain Continuously Vacant Positions

    Continuously Vacant Positions: On July 1, the positions which were continuously vacant for six successive monthly pay periods throughout the prior fiscal year are abolished by the State Controller's Office. The six successive monthly

    		•
  • Q : Define Financial Controls Financial

    Financial Controls: Any measure of how fine a company or department controls its costs, at times stated as how far beneath or over budget it is. Financial controls are a critical portion of any financial system. They make sure that the resources are b

    		•
  • Q : What are A-pages A-pages : An ordinary

    A-pages: An ordinary reference to the Governor's Budget synopsis. The Budget highlights now contained in the Governor's Budget synopsis were just once contained in front of the Governor's Budget on pages A-1, A-2, and so on, and were,

    		•
  • Q : Aggregate demand or aggregate supply

    Normal 0 false false

  • Q : Means of weight in the weighted average

    Normal 0 false false