Chapter Twelve.1

Question 1

The oldest , simplest type of budget format is ?

Answer 1

PPBS

planning ,programming ,budget system.

Question 2

What budget format was written a lot about from 1960 to 1971 , and although practice in the federal government , was never widely used outside of the federal government ?

Answer 2

PPBS

planing .programing, budget system

Question 3

Assume a budget period runs from October 1 2011, Until September 30, 2012 it is referred to as ?

Answer 3

FY 12

Question 4

The single most important political statement made by any unit of government in a given year is the ?

Answer 4

The budget it adopts

Question 5

The budget cycle ?

Answer 5

It consist of sequential steps which are repeated every year at about the same time in a well operated unit of government.

Question 6

Forecasting revenue, determining how much money will be left unexpended in the current fiscal year budget of the department , and issuance of the budget calendar are functions associated with the ?

Answer 6

City or county department of finance

Question 7

The Audit ?

Answer 7

Is the last phase in the budget.

Question 8

What are the four stages of the a budget ?

Answer 8

Preparation
Review & Approval
Execution
Audit & Evaluation

Question 9

What is the foundation all other budget types or formats ?

Answer 9

Its the Line-item

Question 10

What is a budget

Answer 10

Its a contract between the appropriators and the department.
.Translating financial recourses into human purposes.
An estimate of future expenditures