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MSB WTR10 AC 330 XM1

MSB GovNFP Unit 003

QuestionAnswer
Charges for services, operating grants and contributions and capital grants and contributions. Program revenues
The arithmetic defference between the amount of financial resources and the amount of liabilities recorded in the fund. Fund equity
The cost to purchase a good or service? Expenditure
______ have normal balances that are the opposite of the corresponding operating statement accounts. (Except for Encumbrances) Budgetary accounts
General government, Public Safety, Highways and Streets, Health and Welfare, Culture and Recreation are examples of? Functional classifications
A legally mandated addition to a tax on the day it becomes delinquent. Penalty
The net of the amount appropriated, the amount of outstanding encumbrances and the cumulative amount of expenditures to date. Unencumbered Unexpended Appropriations
An interrnal allocation of funds on a periodic basis Allotment
Expenses associated with a function or program Direct expenses
Property taxes based on value Ad Valorem
Created by: phsonnek