SELECT THE BEST ANSWER FOR THE FOLLOWING - SOME ANSWERS MAY BE USED MORE THAN ONCE OR NOT AT ALL

recognized when measurable and available to pay current obligations	Answer 1Choose...ExpensesGASBAppropriationsCAFRExpendituresRevenueTax WarrantTax levy -GrossPermanent fundAllotmentsEstimated RevenueFASBRevaluation ReserveDebt Service FundMD & AIESBAMFBAAssessmentCapital Projects FundEncumbrance
standard setting body for government and some not for profits	Answer 2Choose...ExpensesGASBAppropriationsCAFRExpendituresRevenueTax WarrantTax levy -GrossPermanent fundAllotmentsEstimated RevenueFASBRevaluation ReserveDebt Service FundMD & AIESBAMFBAAssessmentCapital Projects FundEncumbrance
calculated as amount of revenue required divided by estimated collectible portion percentage	Answer 3Choose...ExpensesGASBAppropriationsCAFRExpendituresRevenueTax WarrantTax levy -GrossPermanent fundAllotmentsEstimated RevenueFASBRevaluation ReserveDebt Service FundMD & AIESBAMFBAAssessmentCapital Projects FundEncumbrance
-recognized when incurred and expected to be paid from currently available resources	Answer 4Choose...ExpensesGASBAppropriationsCAFRExpendituresRevenueTax WarrantTax levy -GrossPermanent fundAllotmentsEstimated RevenueFASBRevaluation ReserveDebt Service FundMD & AIESBAMFBAAssessmentCapital Projects FundEncumbrance
used to account for and report resources legally restricted for benefit of government or its citizenry	Answer 5Choose...ExpensesGASBAppropriationsCAFRExpendituresRevenueTax WarrantTax levy -GrossPermanent fundAllotmentsEstimated RevenueFASBRevaluation ReserveDebt Service FundMD & AIESBAMFBAAssessmentCapital Projects FundEncumbrance
For governmental Funds this is modified accrual and current financial resources	Answer 6Choose...ExpensesGASBAppropriationsCAFRExpendituresRevenueTax WarrantTax levy -GrossPermanent fundAllotmentsEstimated RevenueFASBRevaluation ReserveDebt Service FundMD & AIESBAMFBAAssessmentCapital Projects FundEncumbrance
valuation for tax purposes	Answer 7Choose...ExpensesGASBAppropriationsCAFRExpendituresRevenueTax WarrantTax levy -GrossPermanent fundAllotmentsEstimated RevenueFASBRevaluation ReserveDebt Service FundMD & AIESBAMFBAAssessmentCapital Projects FundEncumbrance
includes the basic financial statements and required supplementary information	Answer 8Choose...ExpensesGASBAppropriationsCAFRExpendituresRevenueTax WarrantTax levy -GrossPermanent fundAllotmentsEstimated RevenueFASBRevaluation ReserveDebt Service FundMD & AIESBAMFBAAssessmentCapital Projects FundEncumbrance
internal allocations of funds by executive management	Answer 9Choose...ExpensesGASBAppropriationsCAFRExpendituresRevenueTax WarrantTax levy -GrossPermanent fundAllotmentsEstimated RevenueFASBRevaluation ReserveDebt Service FundMD & AIESBAMFBAAssessmentCapital Projects FundEncumbrance
estimated amount chargeable to appropriations	Answer 10Choose...ExpensesGASBAppropriationsCAFRExpendituresRevenueTax WarrantTax levy -GrossPermanent fundAllotmentsEstimated RevenueFASBRevaluation ReserveDebt Service FundMD & AIESBAMFBAAssessmentCapital Projects FundEncumbrance
used to account for and report expenditures for principal and interest	Answer 11Choose...ExpensesGASBAppropriationsCAFRExpendituresRevenueTax WarrantTax levy -GrossPermanent fundAllotmentsEstimated RevenueFASBRevaluation ReserveDebt Service FundMD & AIESBAMFBAAssessmentCapital Projects FundEncumbrance
authorized expected inflows	Answer 12Choose...ExpensesGASBAppropriationsCAFRExpendituresRevenueTax WarrantTax levy -GrossPermanent fundAllotmentsEstimated RevenueFASBRevaluation ReserveDebt Service FundMD & AIESBAMFBAAssessmentCapital Projects FundEncumbrance
used to account for and report financial resources for capital outlays	Answer 13Choose...ExpensesGASBAppropriationsCAFRExpendituresRevenueTax WarrantTax levy -GrossPermanent fundAllotmentsEstimated RevenueFASBRevaluation ReserveDebt Service FundMD & AIESBAMFBAAssessmentCapital Projects FundEncumbrance
legal authorization granted to incur expenditures	Answer 14Choose...ExpensesGASBAppropriationsCAFRExpendituresRevenueTax WarrantTax levy -GrossPermanent fundAllotmentsEstimated RevenueFASBRevaluation ReserveDebt Service FundMD & AIESBAMFBAAssessmentCapital Projects FundEncumbrance
part of required reporting along with financial statements also to be found in annual reports of private entities