18 Questions
What is the primary requirement for financing capital improvements related to Enterprise Fund operations?
Debt must be repaid solely from user fees and charges and other available revenue generated from operations of the respective Enterprise fund
What is the maximum length of time the County will issue debt to finance capital improvements?
No more than the useful life of the improvements, but not to exceed 30 years
For what purposes will the County issue debt?
For the purposes of constructing or acquiring capital improvements, making major renovations to existing capital improvements, acquiring environmentally sensitive lands, and refunding outstanding debt
What is the primary role of the outside financial advisor engaged by the County?
Both a and b
Which of the following factors does the County consider when evaluating the issuance of debt?
All of the above
What is the purpose of the County engaging an outside financial advisor?
All of the above
What is one of the methods mentioned in the text that the County will use to seek expenditure reductions?
Privatization of services
In which circumstance may the County pre-pay certain expenditures, according to the text?
For beach re-nourishment projects
What department is mentioned as the final determinant of necessitating circumstances for certain expenditures?
Finance Department
Which of the following is closely reviewed with justification required, according to the text?
Budget requests for new programs
What will the County budget emphasize in terms of planning, as stated in the text?
Link between fiscal and management planning
What will be included for each County program in the budget, according to the text?
Description of program responsibilities and key objectives
What percentage of the reported total taxable value of current property assessments is used for anticipating revenue from property taxes in the operating budget preparation?
100%
In accordance with the revenue policy, what percentage of the net budgeted revenue is stated after conforming to the 5% Statutory reduction requirement?
95%
Who will be responsible for the assessment of capital assets, including evaluating community needs, deferred maintenance impact, and technology changes?
Individual County department heads
What is the goal regarding audit opinions for the County's financial records?
Unqualified audit opinion
How often will the County conduct an annual audit of its financial records?
Annually
Where should all sales tax received be allocated according to the revenue policy?
General Fund
Test your knowledge on government financial management, including topics such as annual operating budgets, capital budgets, audits, and asset inventory.
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