Explain Object of Expenditure

Object of Expenditure (Objects): It is a categorization of expenditures based on the kind of goods or services received. For illustration, the budget group of Personal Services comprises the objects of Salaries and Wages and Staff Benefits.

The Governor’s Budget comprises “Expenditures by Category” for each department at this level.

Such objects might be further subdivided into line items like State Employees' Retirement and Workers' Compensation.

View Complete Question

Related Questions in Finance Basics

Q : Describe the role of a broker in

Describe the role of a broker within security transactions? How are brokers compensated?Brokers handle orders to purchase or sell securities. Brokers are agents who work in support of an investor. While investors call with an order, brokers work

Q : Describe benefits of collecting early

Describe benefits of "collecting early" and how do companies effort to do this? Money contains time value. The sooner cash is gathered, the better. Companies employ regional collection centres and lock boxes to facilitate this.

Q : What is Financial Restructuring

Financial Restructuring: It is the reorganizing of a business' liabilities and assets. The procedure is frequently related with corporate restructuring where an organization's on the whole structure and its processes are refurbished. Though companies

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 : Determine level of productivity in this

Normal 0 false false

Q : Describe price–quantity effects Normal

Normal 0 false false

Q : 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 tho

Q : Define Senate Senate : The higher house

Senate: The higher house of California’s Legislature comprising of 40 members. As an outcome of Proposition 140 (that is, 1990, term limits) and Proposition 28 (that is, 2012, limits on Legislators’ terms in office), members chosen in or a

Q : Define Revolving Fund Revolving Fund :

Revolving Fund: Usually refers to a cash account termed as an office revolving fund (ORF). This is not a fund however an advance from an appropriation. The agencies might use the cash advance to pay out ORF checks for instant requirements, as specifie

Q : Define the term Baseline Adjustment or

Define the term Baseline Adjustment or Baseline Budget: Baseline Adjustment: Also termed to as Workload Budget Adjustment.

Discover Q & A

Leading Solution Library

Avail More Than 1421612 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1938143
Asked

3,689

Active Tutors

1421612

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment