Chapter 9 Flashcards
—– description of how cost or revenues are divided between capital and operational purchases
Budget type
—— Model or format to which a budget process conforms
Budget system
——— consist of list of revenue sources and proposed expenditures for the budget cycle
Line item budgeting
———- Requires all expenditures to be justified at the beginning of each budget cycle
Zero based budgeting
———– Involves a variety of independent units assigned to a limited duration project.
Matrix budgeting
———– uses separate categories of programs or activities
Program budgeting
——— Uses categories of function or activity based on projected performance
Performance budgeting
Links planning and budgeting through program development
Planning programming budgeting system
——— budget includes projected major purchases
Capital budget
——– budget used to pay for reoccurring expenses of day-to-day operations
Operating budget
——– tax revenues are taxes levied against the owner of real or personal property
Property taxes
——- tax revenues are taxes levied by a state or city on the retail price of an item
Sales taxes
——— tax revenues are monies collected to support services
Fees
Trust funds are funds that are derivative from
Donations and gifts
A ——– —– is an account that receives Specified amount of revenue that will be used in the future to pay off a jurisdictions indebtedness
Sinking fund
