MUNICIPAL BUDGET PROCESS QUESTIONS AND CORRECT ANSWERS

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MUNICIPAL BUDGET PROCESS QUESTIONS AND CORRECT ANSWERS

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2025/2026

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MUNICIPAL BUDGET PROCESS QUESTIONS AND CORRECT ANSWERS

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MUNICIPAL BUDGET PROCESS
QUESTIONS AND CORRECT
ANSWERS
LineA2BasedA2budgetA2,A2PlanningA2ProgrammingA2budgetA2system,A2andA2ZeroA2BasedA2
budgetA2-A2Ans--WhatA2areA2theA2typesA2ofA2Budgeting?

BudgetA2preparation,A2revenueA2estimate,A2expenditureA2analysis,A2AnnualA2FinancialA2S
tatement,A2AnnualA2DebtA2statement,A2SupplementalA2debtA2statementA2,A2andA2cashA2flo
wA2adviseA2-A2Ans--WhatA2areA2someA2CMFOA2responsibilities?

FinancialA2control,A2policyA2instrument,A2managementA2tool,A2andA2EconomicA2toolA2-
A2Ans--WhatA2isA2theA2purposeA2ofA2theA2budget?

CurrentA2fund,A2trustA2fund,A2GeneralA2capitol,A2andA2utilityA2fundA2-A2Ans--
WhatA2areA2theA2typesA2ofA2funds?

RevenueA2andA2AppropriationsA2-A2Ans--WhatA2areA2theA22A2sidesA2ofA2theA2budget?

ConsolidatedA2municipalA2propertyA2taxA2relief,A2ABCA2fees,A2FeesA2andA2permits,A2courtA
2fees,A2parkingA2meterA2collections,A2PaymentA2inA2lieuA2ofA2taxes,A2interestA2onA2investm
ents,A2cellA2towerA2rentalA2-A2Ans--WhatA2areA2examplesA2ofA2Revenue?

EverythingA2youA2spendA2moneyA2onA2-A2Ans--WhatA2areA2appropriations?

JanuaryA21stA2-A2Ans--WhenA2doesA2theA2calendarA2yearA2start?

JulyA21stA2-A2Ans--WhenA2doesA2theA2stateA2fiscalA2yearA2start?

JanuaryA21stA2toA2theA215thA2-A2Ans--
WhenA2doA2youA2haveA2toA2passA2aA2temporaryA2budget?

26.25%A2-A2Ans--HowA2muchA2canA2youA2putA2inA2yourA2temporaryA2budget?

FebruaryA210thA2-A2Ans--WhenA2doA2youA2haveA2toA2introduceA2yourA2budget?

MarchA220thA2-A2Ans--WhenA2doA2youA2haveA2toA2adoptA2yourA2budget?

10A2daysA2-A2Ans--
HowA2manyA2daysA2beforeA2theA2publicA2hearingA2doA2youA2haveA2toA2advertise?

TheA2governingA2BodyA2-A2Ans--WhoA2adoptsA2theA2Budget?

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Uploaded on: November 25, 2025
Number of pages: 2
Written in: 2025/2026
Type: Exam (elaborations)
Contains: Questions & answers

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