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MSBWTR10 AC 330 XM1

MSB GovNFP Unit 5

QuestionAnswer
CONSUMPTION METHOD A METHOD OF RECORDING SUPPLIES AS INVENTORY WHEN PURCHASED AND AS EXPENDITURES WHEN USED OR CONSUMED.
DELINQUENT TAXES TAXES REMAINING UNPAID ON AND AFTER THE DATE ON WHICH A PENALTY FOR NONPAYMENT IS ATTACHED.
DERIVED TAX REVENUES A CLASSIFICATION OF NONEXCHANGE TRANSACTIONS, SUCH AS INCOME OR SALES TAXES.
INTERFUND LOANS LOANS MADE BY ONE FUND TO ANOTHER.
INTRA-ACTIVITY TRANSACTIONS TRANSACTIONS THAT OCCUR BETWEEN TWO GOVERNMENTAL FUNDS (OR BETWEEN A GOVERNMENTAL FUND AND AN INTERNAL SERVICE FUND) OR BETWEEN TWO ENTERPRISE FUNDS.
INTRA-ENTITY TRANSACTIONS EXCHANGE OR NONEXCHANGE TRANSACTIONS BETWEEN THE PRIMARY GOVERNMENT AND ITS BLENDED OR DISCRETELY PRESENTED COMPONENT UNITS.
PURCHASES METHOD A METHOD OF RECORDING SUPPLIES AS EXPENDITURES WHEN PURCHASED.
TAX ANTICIPATION NOTES NOTES ISSUED IN ANTICIPATION OF COLLECTION OF TAXES USUALLY RETIRABLE ONLY FROM TAX COLLECTIONS AND FREQUENTLY ONLY FROM THE PROCEEDS OF THE TAX LEVY WHOSE COLLECTION THEY ANTICIPATE.
TAX RATE THE AMOUNT OF TAX STATED IN TERMS OF A UNIT OF THE TAX BASE.
TIME REQUIREMENTS RESTRICTIONS THAT RELATE TO THE PERIOD WHEN RESOURCES ARE REQUIRED TO BE USED OR WHEN USE MAY BEGIN.
Created by: jmundahl