The Commonwealth of Massachusetts maintains a website, termed a financial records transparency platform, that reports how and
Question:
The Commonwealth of Massachusetts maintains a website, termed a financial records transparency platform, that reports how and where tax dollars are utilized. Categories of revenues, spending, and other financial data are updated daily, biweekly, monthly, or quarterly.
Required
Access the Commonwealth’s website at www.macomptroller.org/cthru and answer the following questions:
a. In the statewide spending payment detail, what is the total spending to date? For how many transactions? What is the top-spending department and the top vendor?
b. In the statewide payroll detail, how much does the governor of the Commonwealth make? What is the Commonwealth’s total payroll?
c. In the budget to actual spending detail, list the total available for spending and the total spent for the current fiscal year and the most recent full fiscal year, in budgeted funds.
d. In the revenues detail, what are the total budgeted revenues and capital project fund revenues for the current fiscal year?
Step by Step Answer:
Accounting For Governmental And Nonprofit Entities
ISBN: 9781260118858
19th Edition
Authors: Jacqueline Reck, Suzanne Lowensohn, Daniel Neely