Ch. 14: Budgeting Flashcards
What is the level of funding that would be required to maintain all services at the currently authorized levels, including adjustments for inflation and salary increases?
base budget
What is classified as propose increases in spending to provide additional services?
supplemental budget requests
What is created to provide fire protection within a designated area?
fire tax district
In which system does a member of the fire department act as the custodian of an amount of cash that is provided by the organization?
the petty cash system
What is a method of ensuring that a budget account contains sufficient funds to cover a purchase?
a purchase order
What is required when there are purchases that exceed a predetermined amount, such as $2000; large purchases?
a requisition
