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Questions and Answers
What does the General Fund comprise?
What does the General Fund comprise?
- Monies and resources available for payment of expenditures, obligations, or purposes not specifically declared by law as chargeable to other funds (correct)
- Monies and resources available for specific purposes
- Monies and resources available for public utilities and economic enterprises
- Monies and resources available for loans, interests, bond issues, and contributions for specific purposes
Which of the following funds is maintained within the General Fund?
Which of the following funds is maintained within the General Fund?
- Special Education Fund
- Trust Funds
- Special accounts for public utilities and economic enterprises, loans, interests, bond issues, and contributions for specific purposes, and development projects funded from internal revenue allotment and special accounts created by law or ordinance (correct)
- All of the above
What is the purpose of the Special Education Fund (SEF)?
What is the purpose of the Special Education Fund (SEF)?
- To fund the operation and maintenance of public schools
- To fund the construction and repair of school buildings, facilities and equipment
- To fund educational research and the purchase of books and periodicals
- All of the above (correct)
What are Trust Funds?
What are Trust Funds?
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Which of the following is not maintained within the General Fund?
Which of the following is not maintained within the General Fund?
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