What are Governmental Cost Funds
Governmental Cost Funds: For lawful basis accounting and budgeting aims, funds which derive revenue from the taxes, licenses, and fees.
Schedule 11: It is the outdated word for “Supplementary Schedule of Operating Expenses and Equipment.”
Define the term Surplus: It is an outdated term for a fund’s excess of assets (or resources) over liabilities.
Administratively Established Positions: The positions authorized by the Department of Finance throughout a fiscal year that were not comprised in the Budget and are essential for workload or administrative reasons. These positions fin
Warrant: It is an order drawn by the State Controller directing the State Treasurer to reimburse a particular amount, from a specific fund, to the entity or person named. A warrant usually corresponds to a blank check however is not essentially payabl
Cost-of-Living Adjustments (COLA): Increases offered in state-funded programs which comprise periodic adjustments predetermined in state law (statutory, like K-12 education apportionments), or established at optional levels (that is discretionary) by
Describe risk aversion? Risk aversion is the tendency to ignore additional risk. Risk-averse people will ignore risk if they can, unless they attain additional compensation for letting that risk. In finance, the added compensation is a higher ex
Continuing Appropriation: This is an appropriation for the set amount which is obtainable for more than 1-year.
Cite three example of recent decisions which you made in which you, at least implicitly, weighed marginal costs & marginal benefits.
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