Reference no: EM132959097

Problem 1: Which of the following budget formats is largely a detailed accounting activity that breaks down agency/department funding into discrete categories of expenditures?

a. object-of-expenditure (or line-item)

b. program

c. performance

d. zero-based or what-if

e. None of the above

Problem 2: A city government cannot always counts on intergovernment transfers as a reliable source of revenue because it is possible that the if the donor government (e.g. the state government) is in financial difficulties they may delay transfer of funds, or even reduce or cancel shared revenue programs.

True

False

Problem 3: Governors in a majority of states have line-item veto authority.

True

False

Problem 4: In the state budgeting process, "local assistance" refers to

a. the technical assistance that states lend to local units of government (e.g. counties and cities) in helping them prepare their budgets.

b. money provided by local units of government to the state.

c. state payments to local units of government to meet costs that otherwise would have to be borne by the local jurisdictions.

d. the fact that local units of government were created by the states and therefore need to assist the state in achieving its policy goals.

e. None of the above