In budgeting revenues, state and local government administrators should A. Be careful not to utilize...

80.2K

Verified Solution

Question

Accounting

In budgeting revenues, state and local government administrators should

A. Be careful not to utilize unauthorized sources or exceed authorized ceilings on revenues from specific sources.

B. Ensure that at least the amount of revenues needed to meet spending needs are raised, even if authorized ceilings on some revenue sources must be exceeded.

C. Utilize all authorized revenues sources and at the maximum amount allowed by law.

D. Ignore "other financing sources" since these resource inflows are not available for appropriation.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students