--%>
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 Federal Fiscal Year Federal

    Federal Fiscal Year (FFY): The twelve month accounting period of the federal government, starting on October 1 and ending the following September 30. For illustration, a reference to FFY 2013 means the period starting October 1, 2012 and ending at Sep

    		•
  • Q : Examples of high operating leverage

    Give two instances of types of companies likely to contain high operating leverage. Give examples. Long distance telephone companies & electricity generating companies are likely to contain operating leverage. These two kinds of companies

    		•
  • Q : Would there be positive interest rates

    Normal 0 false false

    		•
  • 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 : Explain Pro Rata Pro Rata : It is the

    Pro Rata: It is the amount of state administrative costs, paid from General Fund and the Central Service Cost Recovery Fund (example, amounts expended by the central service departments like the State Treasurer's Office, State Controller's Office, Sta

    		•
  • Q : Four-Tranche Sequential-Pay Structure

    1. How would you fund the tranche Z of the example in the securitization manual? 2. What reinvestment rate from the excess spread will guarantee that there will be sufficient money to pay0ff creditors of tranche Z? 3. When tranche Z creditors will get

    		•
  • Q : What is Continuing Appropriation

    Continuing Appropriation: This is an appropriation for the set amount which is obtainable for more than 1-year.

    		•
  • Q : Negative consequences of company

    Explain negative consequences of a company holding too much cash? A company holding too much cash would be giving up the chance to invest more in income generating assets

    		•
  • 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 : How management incorporated in proforma

    Describe how management aims are incorporated into proforma financial statements.Management decide a target goal, and forecasters generate proforma financial statements under the assumption that the goal will be

    		•