--%>
Assignment Help - homework help

Explain Detailed Budget Adjustments

Detailed Budget Adjustments:

Department Detailed Budget Adjustments are comprised in department budget displays to give the reader a snapshot of proposed expenses and position adjustments in the department, why those modifications are being proposed, and their dollar and place impact.

The Detailed Budget Adjustments comprise two adjustment classes: workload and policy. In the workload section, issues are further distinguished between budget change proposals and other workload budget adjustments. Below are some standard groups or headings comprising definitions:

The additional groups or headings might be employed as required in any specific year.

• Workload Budget Adjustments

• Policy Adjustments

• Employee Compensation Adjustments

• Retirement Rate Adjustment

• Limited Term Positions or Expiring Programs: Decreasing of the budget-year funding and place for expiring programs or positions.

• Abolished Vacant Positions: Positions abolished which are vacant for six successive monthly pay periods, irrespective of the fiscal years.

• One-Time Cost Reductions: The reductions of budget-year funding and positions to account for one-time costs budgeted in the present year.

• Full-Year Cost of New or Expanded Programs: Rises to the budget year funding and positions to replicate the full-year costs of programs authorized to start after July 1 of the present fiscal year (does not comprise the full year consequence of employee compensation adjustments which are displayed separately).

• Carryover or Reappropriation

• Legislation with an Appropriation: This is a new legislation with funding to fetch out its purpose.

• Expenditure Transfers: Transfers of expenditures among the two departments although in the same fund.

• Lease Revenue Debt Service Adjustment: Expenditures associated to modifies in lease revenue costs.

• Miscellaneous Adjustments: This class comprises all workload budget adjustments not comprised in one of the aforementioned categories. This group might comprise Pro Rata and Statewide Costs Allocation Plan (SWCAP) adjustments.

   Related Questions in Finance Basics

  • Q : Define Subventions Subventions :

    Subventions: Typically employed to explain amounts of money expended as local assistance based on the formula, in contrast to grants which are provided selectively and frequently on a competitive basis. For the aim of Article XIII B, state subventions

    		•
  • Q : What are Governmental Cost Funds

    Governmental Cost Funds: For lawful basis accounting and budgeting aims, funds which derive revenue from the taxes, licenses, and fees.

    		•
  • Q : Describe security Normal 0 false false

    Normal 0 false false

    		•
  • Q : Production at a point outside the

    Normal 0 false false

  • Q : Meaning of weakens US dollar in

    What does it mean while the U.S. dollar weakens in the foreign exchange market? While the U.S. dollar weakens in the foreign exchange market one U.S. dollar purchase fewer units of another country's currency. It costs more U.S. dollars to purch

    		•
  • Q : Define Price Increase Price Increase :

    Price Increase: Budget adjustment to reflect the inflation factors for particular operating expenses constant with the budget instructions from the Department of Finance.

    		•
  • Q : Four major phases of the business cycle

    Normal 0 false false

    		•
  • Q : Explain Supplement-Schedule 7A

    Supplement (Schedule 7A): In such documents, for precedent year, authorized positions symbolize the number of real positions filled for that year. For present year, authorized positions comprise all regular ongoing positions accepted in the Budget Act

    		•
  • Q : Correlate each to the New Economy

    Normal 0 false false

  • Q : Why is replacement value of assets

    Why is the replacement value of assets method not used generally to value complete businesses?The replacement value of assets method is not frequently applied to complete business valuations since it is frequently very hard to locate similar ass

    		•