--%>
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 : Sizes of the MPC and MPS Normal 0 false

    Normal 0 false false

    		•
  • Q : What are a banks main reserves What are

    What are a bank's main reserves? Vault cash & deposits in the bank's account at the Fed are utilized to satisfy these reserve requirements; they are termed as primary reserves.  These primary reserves are non-interest-earning assets hel

    		•
  • Q : The official unemployment rate Normal 0

    Normal 0 false false

    		•
  • Q : Explain Administration Program Costs

    Administration Program Costs: It is the indirect cost of a program, usually a share of the costs of the administrative units serving the whole department (example, the Director's Office, Personnel, Legal, Accounting, and Business Serv

    		•
  • Q : Define the term State Fiscal Year

    Define the term State Fiscal Year: This is the period beginning from July 1 and continuing through the subsequent June 30.

    		•
  • Q : Describe most conservative capital

    Describe most conservative type of working capital financing plan a company could implement? clarify. An all equity capital structure would be the most conservative kind of working capital financing plan approach. The more long-term financing

    		•
  • Q : What is Unanticipated Cost or Funding

    Unanticipated Cost or Funding Shortage: A lack or scarcity of (a) cash in a fund, (b) expenses authority due to an inadequate appropriation, or (c) expenses authority due to a cash problem (example, reimbursements not received on a timely base).

    		•
  • Q : Components of the M1 money supply

    Normal 0 false false

  • Q : Explain Financial Models Financial

    Financial Models: A model which symbolizes the financial statements or financial operations of a company in terms of its business parameters and forecasts future financial performance. Models are employed for risk management by examining various econo

    		•
  • Q : Lower for a specified company-the cost

    Normal 0 false false