PA 375 Study Guide - Midterm Guide: Common-Pool Resource, Operating Budget, Fund Accounting
14 Feb 2017
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Operating budget: a plan for revenues and expenses for the fiscal year: do we have enough money to pay for the expenses. It depends on the structure of the organization. Restricted funds such as donor-restricted, building replacement funds, endowment funds: current restricted funds v. long term restricted funds i, fund accounting for governments i. ii. iii. Fiduciary funds: the budget process, preparing the budget, review and approval of budget i. Start of fiscal year: execution of budget i. Fiscal year for 2016-2017: year end audit of budget i. Fiscal year for 2015-2016: the role of politics, examples: i. ii. iii, michigan"s rules for localities (particularly pp. The state: http://www. michigan. gov/budget http://www. michigan. gov/documents/uniformbudgetmanual_16634_7. pdf: budgeting techniques, cash budget: focuses on the coming year do we expect to have enough money on hand for things during that time (e. g. , a fiscal year). See handout: flexible budgeting: an operating budget with varying workload levels, performance budget: what the organizations achieves or hopes to achieve.
