Ch. 14: Budgeting

Question 1

What is the level of funding that would be required to maintain all services at the currently authorized levels, including adjustments for inflation and salary increases?

Answer 1

base budget

Question 2

What is classified as propose increases in spending to provide additional services?

Answer 2

supplemental budget requests

Question 3

What is created to provide fire protection within a designated area?

Answer 3

fire tax district

Question 4

In which system does a member of the fire department act as the custodian of an amount of cash that is provided by the organization?

Answer 4

the petty cash system

Question 5

What is a method of ensuring that a budget account contains sufficient funds to cover a purchase?

Answer 5

a purchase order

Question 6

What is required when there are purchases that exceed a predetermined amount, such as $2000; large purchases?

Answer 6

a requisition