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Flashcards in Budget Deck (16):
0

Governmental funds which fund covers day-to-day operations in there can only be one of

General fund

1

Which governmental fund accounts for proceeds of specific revenue sources that should be used for specific purposes

Special revenue fund

2

Which government to fund accounts for financial resources used for acquisition or construction of major assets

Capital project fund

3

Which fund used to account for accumulation of resources that will be used to pay general long-term debt

Debt service fund

4

Four types of governmental funds

Gen.
Special revenue
Capital project
Debt service

5

Two types of proprietary funds

Enterprise
Internal service

6

This type of fund may be used to report any activity for what your fee is charged to external users for goods and services

Enterprise

7

Accounts for the financing of goods and services provided by one department to another internal departments of governmental unit fees are charged with the intent to break even

Internal service fund

8

Two types of budgets and what are they for

Operating budget day-to-day stuff
Capital improvement program; projects that will be included in the five year plan

9

Three largest contributors to the cities general fund

Sales tax 36%
State revenue sharing 25%
Property tax 3%

10

Tucson fire department operating budget

$80 million

11

What percent of our budget comes from general fund

93%

12

What percent of our general fund budget is personnel

89%

13

What percent of our general fund budget is operations

85%

14

How many commission personnel

619

15

How many full-time employees

753.5