ADMIN 200 Government Financial Management Quiz

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What is the primary requirement for financing capital improvements related to Enterprise Fund operations?

Debt is not permitted for financing Enterprise Fund capital improvements

Debt must be repaid solely from user fees and charges and other available revenue generated from operations of the respective Enterprise fund (correct)

Debt must be repaid from the County's general revenue sources

Debt must be repaid from a combination of user fees and County general revenue sources

What is the maximum length of time the County will issue debt to finance capital improvements?

25 years

10 years

No more than the useful life of the improvements, but not to exceed 30 years (correct)

20 years

For what purposes will the County issue debt?

Only for the purpose of refunding outstanding debt

Only for the purpose of making major renovations to existing capital improvements

Only for the purpose of constructing or acquiring capital improvements

For the purposes of constructing or acquiring capital improvements, making major renovations to existing capital improvements, acquiring environmentally sensitive lands, and refunding outstanding debt (correct)

What is the primary role of the outside financial advisor engaged by the County?

Both a and b Signup and view all the answers

Which of the following factors does the County consider when evaluating the issuance of debt?

All of the above Signup and view all the answers

What is the purpose of the County engaging an outside financial advisor?

All of the above Signup and view all the answers

What is one of the methods mentioned in the text that the County will use to seek expenditure reductions?

Privatization of services Signup and view all the answers

In which circumstance may the County pre-pay certain expenditures, according to the text?

For beach re-nourishment projects Signup and view all the answers

What department is mentioned as the final determinant of necessitating circumstances for certain expenditures?

Finance Department Signup and view all the answers

Which of the following is closely reviewed with justification required, according to the text?

Budget requests for new programs Signup and view all the answers

What will the County budget emphasize in terms of planning, as stated in the text?

Link between fiscal and management planning Signup and view all the answers

What will be included for each County program in the budget, according to the text?

Description of program responsibilities and key objectives Signup and view all the answers

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% Signup and view all the answers

In accordance with the revenue policy, what percentage of the net budgeted revenue is stated after conforming to the 5% Statutory reduction requirement?

95% Signup and view all the answers

Who will be responsible for the assessment of capital assets, including evaluating community needs, deferred maintenance impact, and technology changes?

Individual County department heads Signup and view all the answers

What is the goal regarding audit opinions for the County's financial records?

Unqualified audit opinion Signup and view all the answers

How often will the County conduct an annual audit of its financial records?

Annually Signup and view all the answers

Where should all sales tax received be allocated according to the revenue policy?

General Fund Signup and view all the answers

ADMIN 200 Government Financial Management Quiz

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