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MSB WTR10 AC 330 XM1

MSB GovNFP Unit 3

QuestionAnswer
Expenses that are specifically associated with a function or program. Direct Expenses
Expenses that are not directly linked to an identifiable function or program. Indirect Expenses
Transactions or other events that are both unusual in nature and infrequent in occurence. Extraordinary items
Items within management's control that may be either unusual in nature or infrequent in occurence but not both. Special items
What are the three general ledger budgetary control accounts that are needed in the General Fund? Estimated Revenues, Appropriations, and Encumbrances
A specific and distinguishable line of work performed by an organization unit. Activity
An internal allocation of funds on a periodic basis usually agreed upon by the department heads and the chief executive. Allotment
What type of revenues are not directly linked to any specific function or program? General revenues
The term used to classify the cost to purchase a good or service. Expenditure
An authorization to incur on behalf of the governmental unit liabilities for goods, services and facilities. Appropriation
Created by: jamifreese
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