Rutgers Finance Course: Municipal Finance Admin.
Questions With Complete Solutions
A bond ordinance can only be adopted when ... Correct Answers
if a capital budget (or temporary capital budget) has been
adopted then what can be adopted?
A budget must be introduced no later than when? Correct
Answers February 10, unless an extension is determined by the
DLGS
Another name for "Other Expenses" Correct Answers Another
name for Section 20 Costs
Appointment of the School Board Correct Answers Who is
appointed by the mayor in a Type I school district and elected by
the voters in a Type II district?
Bid Threshold Correct Answers $40,000 with a QPA, $17,500
without
Budget abbreviation for Other Expenses Correct Answers What
does OE stand for?
Budget abbreviation for Salary and Wages Correct Answers
What does SW stand for?
Budget transfers cannot be done: Correct Answers Outside the
cap to inside the cap, or outside the cap to outside the cap
, Define budget Correct Answers A financial plan involving the
estimate of expenditures and the proposed method of financing
these expenditures through various revenue sources.
Define Estoppel Period Correct Answers The 20 days after the
adoption of an ordinance before it takes effect
Define fund structure. Correct Answers A set of self-balancing
accounts
Define idle funds. Correct Answers The investment of funds to
provide maximum return on cash balance is called?
Define requisition. Correct Answers What is an internal form
by which a user department initiates a request for purchase?
Define the two types of purchasing types? Correct Answers
Centralized - administered by a "purchasing agent"
Decentralized - require the functional unit depts. to make a more
active role in obtaining quotes, soliciting vendors, preparing
bids, etc.
Does a capital budget amendment need to be advertised? Correct
Answers No; If a particular statement is made part of the bond
ordinance than what is not needed?
Emergency appropriations cannot exceed what percentage of the
total of the current & utility operating appropriations? Correct
Answers 3%
Finance is a .... Correct Answers What is a staff activity?
Questions With Complete Solutions
A bond ordinance can only be adopted when ... Correct Answers
if a capital budget (or temporary capital budget) has been
adopted then what can be adopted?
A budget must be introduced no later than when? Correct
Answers February 10, unless an extension is determined by the
DLGS
Another name for "Other Expenses" Correct Answers Another
name for Section 20 Costs
Appointment of the School Board Correct Answers Who is
appointed by the mayor in a Type I school district and elected by
the voters in a Type II district?
Bid Threshold Correct Answers $40,000 with a QPA, $17,500
without
Budget abbreviation for Other Expenses Correct Answers What
does OE stand for?
Budget abbreviation for Salary and Wages Correct Answers
What does SW stand for?
Budget transfers cannot be done: Correct Answers Outside the
cap to inside the cap, or outside the cap to outside the cap
, Define budget Correct Answers A financial plan involving the
estimate of expenditures and the proposed method of financing
these expenditures through various revenue sources.
Define Estoppel Period Correct Answers The 20 days after the
adoption of an ordinance before it takes effect
Define fund structure. Correct Answers A set of self-balancing
accounts
Define idle funds. Correct Answers The investment of funds to
provide maximum return on cash balance is called?
Define requisition. Correct Answers What is an internal form
by which a user department initiates a request for purchase?
Define the two types of purchasing types? Correct Answers
Centralized - administered by a "purchasing agent"
Decentralized - require the functional unit depts. to make a more
active role in obtaining quotes, soliciting vendors, preparing
bids, etc.
Does a capital budget amendment need to be advertised? Correct
Answers No; If a particular statement is made part of the bond
ordinance than what is not needed?
Emergency appropriations cannot exceed what percentage of the
total of the current & utility operating appropriations? Correct
Answers 3%
Finance is a .... Correct Answers What is a staff activity?
