Question : 89.              What the first step a government takes in acquiring : 1255414

89.              What is the first step a government takes in acquiring goods or services through the General Fund?

A)Appropriation

B)Expenditure

C)Requisition order

D)Encumbrance

90.              Assume encumbrances do not expire at year-end.  $16,000 was encumbered during the prior year for a computer and the actual cost of the computer in the current year is $14,000.  How does this affect unassigned fund balance?

A)Previous Year: increase $16,000; Current Year: decrease $14,000

B)Previous Year: decrease $16,000; Current Year: increase $2,000

C)Previous Year: no effect; Current Year: decrease $14,000

D)Previous Year: decrease $16,000; Current Year: decrease 14,000

91.              Which of the following items would typically not need an encumbrance?

A)New Building

B)Regular Salaries

C)New Computer

D)Office Equipment

92.              Revenues of governmental fund types should be recognized when:

A)collected in cash.

B)authorized by the budget ordinance.

C)taxes become delinquent.

D)measurable and available.

93.              Wages that have been earned by the employees of a governmental unit, but not paid at year-end, should be recorded in the General Fund by a debit to which of the following accounts?

A)Appropriations.

B)Encumbrances.

C)Expenses.

D)Expenditures.

94.              The Revenues account of a government is credited when:

A)property taxes are recorded.

B)property taxes are collected.

C)the budget is recorded in the accounts.

D)budgetary accounts are closed at the end of the year.

95.The Fire Department of a given city received an appropriation in the amount of $14,000,000 for the fiscal year ended June 30, 2014.  During the month ended July 31, 2013, the following transactions occurred:  (a) purchase orders were issued in the amount of $650,000; (b) purchase orders, related to (a) above, were filled in the amount of $610,000; the related invoice amount was $595,000; invoices were paid in the amount of $550,000; (c) salaries were accrued and paid in the amount of $600,000.  The balance available for the fire department as of July 31, 2013 is:

A)$12,740,000.

B)$12,800,000.

C)$12,765,000.

D)$12,840,000.

96.              The Police Department of a given city received an appropriation in the amount of $8,000,000 for the fiscal year ended June 30, 2014. During the month ended July 31, 2013, the following transactions occurred:  (a) purchase orders were issued in the amount of $500,000; (b) purchase orders, related to (a) above, were filled in the amount of $460,000; the related invoice amount was $463,000; invoices were paid in the amount of $450,000; (c) salaries were accrued and paid in the amount of $480,000.  The balance available for the police department as of July 31, 2013 is:

A)$7,010,000.

B)$7,017,000.

C)$7,000,000.

D)$7,007,000.

97.              An example of expenditure classification by object would be:

A)   Current.

B)Public safety.

C)Police department.

D)Salaries.

98.              In a budgetary entry (combining entry), if Estimated Revenues Control exceeds Appropriations Control, the excess would be:

A)credited to Fund Balance-Unreserved.

B)debited to Fund Balance-Unreserved.

C)debited to Budgetary Fund Balance.

D)credited to Budgetary Fund Balance.