--%>
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 : Explain Budget—Program or Traditional

    Budget—Program or Traditional: A program budget states the operating plan in terms of the costs of activities (that is, programs) to be undertaken to attain particular goals and objectives. A traditional (or object of expenses) budget expresses

    		•
  • Q : Explain Modified Accrual Basis Modified

    Modified Accrual Basis: The base of accounting in which revenues are acknowledged when the underlying transaction has occurred as of the last day of the fiscal year and the quantity is measurable and accessible to finance expenditures

    		•
  • Q : What is Statute Statute: It is a

    Statute: It is a written law enacted by the Legislature and signed by the Governor or a vetoed bill overridden by a 2/3 vote of both houses), generally referred to by its chapter number and the year in which it is passed. The statutes which modify a s

    		•
  • Q : How does preemptive right secure

    How does a preemptive right secure the interests of present stockholders? A preemptive right secure the interests of existing stockholders through giving them the chance to preempt other investors into the purchase of new shares. If these right

    		•
  • Q : What is Debt Financing Debt Financing :

    Debt Financing: Whenever a firm raises money for the working capital or capital expenses by selling bonds, bills, or notes to individual and or institutional investors. In return for lending money, the individuals or institutions become creditors and

    		•
  • Q : Resolving ranking conflict Describe how

    Describe how to resolve a "ranking conflict" among the net present value and the internal rate of return. Why should the conflict be resolved as you described? Whenever there is a ranking conflict among net present value and internal rate of re

    		•
  • Q : Define Bill Bill : It is a draft of

    Bill: It is a draft of proposed law represented to the Legislature for performance. (A bill has bigger legal formality and standing than a resolution.) OR An invoice, or document statement, of an amount owing for s

    		•
  • Q : Aggregate expenditure Normal 0 false

    Normal 0 false false

  • Q : What is Enrolled Bill Report Enrolled

    Enrolled Bill Report (EBR): The analysis prepared on Legislative measures passed by both houses and passed on to the Governor, to give the Governor’s Office with information relating to the measure with a recommendation for action by the Governo

    		•
  • Q : Why banks make short-term or

    Banks desire to make short-term, self-liquidating loans to businesses. Why? Banks desire to be able to illustrate where the funds are likely to come from such that the borrower is capable to employ to make the req

    		•