--%>
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 Programs Programs : The

    Programs: The activities of an association grouped on the basis of common objectives. The programs are included of elements that can be further classified into tasks and components.

    		•
  • Q : State Section 1.80 Section 1.80 : The

    Section 1.80: The section of Budget Act which comprises the periods of accessibility for Budget Act appropriations.

    		•
  • Q : Describe security Normal 0 false false

    Normal 0 false false

    		•
  • Q : What is Legislative Analysts Office

    Legislative Analyst’s Office (LAO): A non-partisan organization which gives advice to the Legislature on the fiscal and policy matters. For illustration, the LAO annually publishes a full analysis of the Governor's Budget and this document becom

    		•
  • 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

    		•
  • Q : Primary requirement for JIT inventory

    Describe the primary requirements for a successful JIT inventory control system? For a JIT system to be successful the supplier has to be willing and capable to deliver materials immediately and the quality of delivered materials has to be high.

    		•
  • Q : Describe Form 22 Form 22 : It’s a

    Form 22: It’s a department’s request to transfer money to the Architectural Revolving Fund (example, for building enhancements), reviewed by the Department of Finance.

    		•
  • Q : How do financial managers compute the

    How do financial managers compute the average tax rate?Average tax rates are calculated through dividing tax dollars paid by earnings before taxes (EBT).

    		•
  • Q : Frequency Distribution What is

    What is Frequency Distribution? Compare Categorical Frequency Distribution, Ungrouped Frequency Distribution, Grouped Frequency Distribution?

    		•
  • Q : Cyclical unemployment Suppose that in a

    Suppose that in a specific year the natural rate of unemployment is 5 percent and the actual rate of unemployment is 9 percent. Employ Okun's law to fin out the size of the GDP gap in percentage-point terms. If the nominal GDP is $500 billion in that year, how much ou

    		•