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MSB WTR10 AC330 XM1
MSB GovNFP Unit Four
|A transaction in which something of value is transferred by one party to another in exchange for an item of similar value
|Exchange or Exchange-like Transaction
|The net amount of a tax levy required to meet necessary revenue requirements (gross - estimated uncollectible).
|Gross Tax Levy
|The rate at which taxes are determined and paid.
|A source of revenue in which the transferor receives no directly perceivable source of value to match their "contribution".
|An imposed transfer of value by the transferor in which they receive no directly perceivable source of value to match their "contribution".
|Imposed Nonexchange Revenue
|Taxes outstanding at year end.
|A note by which a governmental entity may secure short term financing due to their taxing power and the revenues contingent upon such.
|Tax anticipation note
|Tax revenues which draw their value from the indirect exchanges they support.
|Derived Tax Revenues
|Exchanges occuring within governmental funds and activities (essentially within the same entity).
|Internal Exchange Transaction
|A means of accounting for resource expenditures by purchases made throughout the accounting period. Works with the modified accrual basis of accounting...
|Method of accounting for resources in which expeditures are equal to such utilized within the accounting period. Works with the accrual basis of accounting...
|A transaction in which one party grants another something of value without expectation of retribution.
|Voluntary Nonexchange Transaction
|Requirements to which one party are held liable to; stipulations
|Stipulated time frame...
|Amount borrowed between governmental funds with which there is intent for repayment.
|IE: Operating transfers and residual equity transfers
|Exchanges or transactions between similar governmental funds or components of a governmental entity.
|Exchanges or transactions between a dissimilar governmental/internal service fund and an enterprise fund.
|A trust enlisted to [help] fund the operations of government programs or the citizenry.
|A trust enlisted to (help) fund the operations of an organization, government, or individual outside of the tax entity holding said trust.
|The fund type in which public-purpose trusts whose principal is stipulated as non expendable must be accounted for in.
|Certain educational, social welfare, and transportation services required and funded by higher levels of government.
|Government-mandated Nonexchange Transactions