Budget Flashcards
What binds TFD to services provided?
The City Charter
General Funds, Special Revenue Funds, Capital Project Funds, and Debt Service Fund are what type of funds?
Governmental Funds
A fund for day to day operations; can only have one ____
General Fund
Accounts for proceeds of specific revenue sources that should be used for specific purposes
Special Revenue Funds
Accounts for financial resources used for acquisition or construction of major assets
Capital Project Funds
To account for accumulation of resources that will be used to pay general long-term debt
Debt Services Fund
Enterprise Funds and Internal Service Fund are what types of funds?
Proprietary Funds
May be used to report any activity for which a fee is charged to external users for goods and services
-What are examples of this fund?
Enterprise Funds
-Tucson Golf, Tucson Water, Environmental Services
Accounts for the financing of goods and services provided by one department or agency to other internal departments or agencies of a governmental unit
Internal Service Fund
What kind of budget is used for day to day stuff?
Operating Budget
How much of the General Fund is made up by…
- Sales Tax
- Property Tax
- State Revenue Sharing
- Sales Tax 36%
- Property Tax 3%
- State Revenue Sharing 25%
How much of our General Fund budget is for personnel?
89%
How much of our operating budget comes from the General Fund?
93%
How much of our operating budget is in Operations?
85%
