4) Cash receipts and cash disbursement budgets for a government: A) Should be...

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Accounting

4) Cash receipts and cash disbursement budgets for a government:
A) Should be prepared for all funds for the entire fiscal year.
B) Should be prepared monthly or as needed to enhance cash management, investment management, and short-term debt management.
C) Should be prepared for only those funds for which appropriations budgets are required by law to be prepared on the accrual basis or the modified accrual basis.
D) Should be prepared for only those funds for which appropriations budgets are not required by law.
5) The schedule of legally required events in the budgeting process is generally referred to as the:
A) Budget docket.
B) Legal timetable.
C) Hearing schedule.
D) Budget calendar.
6) Which of the following statements regarding government budgets is not true?
A) A budget should be enacted before the fiscal year begins and be integrated with the financial accounting system so that actual results can be compared to budgets at regular intervals.
B) The budgets role is limited to inclusion in internal financial reports and budgetary compliance monitoring for those funds that have a legally approved budget.
C) Integrating the budget into the accounting system allows management to oversee individual unit performance and react quickly to variances between actual results and budgeted plans.
D) A budget is a plan of financial operation embodying an estimate of proposed expenditures for a given period of time and the proposed means of financing them.
7) Which of the following statements regarding service efforts and accomplishments (SEA) is not true?
A) SEA information includes indicators of a governments actual performance in providing services to its citizens.
B) As governments integrate strategic planning, budgeting, and performance measurement, information on SEA is available and often provided to the public.
C) SEA reporting may take the form of a published report, an electronic report posted on a governments website, or a pamphlet designed to summarize an entitys SEA measurement results.
D) SEA reporting is required by governments with populations greater than 500,000.
8) The number of lane-miles of road repaired to a specified minimum condition is an example of an:
A) Output measure.
B) Input measure.
C) Outcome measure.
D) Efficiency measure.

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