What is intergovernmental revenue?
Understand the Problem
The question is asking for an explanation of the term 'intergovernmental revenue', which refers to the funds that one level of government receives from another level of government, such as federal funding to state or local governments.
Answer
Funding from other governmental entities like grants and shared revenues.
Intergovernmental revenue is funding received from other governmental entities, which can come in the form of grants, shared revenues, or payments in lieu of taxes.
Answer for screen readers
Intergovernmental revenue is funding received from other governmental entities, which can come in the form of grants, shared revenues, or payments in lieu of taxes.
More Information
Intergovernmental revenue is crucial for the financing of various programs and services, as it helps distribute resources across different levels of government.
Tips
Common mistakes include confusing intergovernmental revenue with general revenue or not considering all forms of intergovernmental transfers like grants and shared taxes.
Sources
- Intergovernmental Revenue definition - AccountingTools - accountingtools.com
- Intergovernmental Revenue - Florida Institute for County Government - flicg.org
- Intergovernmental Revenue : Glossary - Data-Z - data-z.org
