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-(Figure 7-2: Expanded Circular-Flow Model) Use Figure 7-2: Expanded Circular-Flow Model The government has a budget:
Election Day
A designated day when voters participate in the electoral process to choose officials or decide on issues.
Governmental Fund Financial Statements
Financial reports that show the financial position and results of operations of governmental entities, focusing on how money flows into and out of funds.
General Fund
The primary operating fund of a government, covering all financial resources except those required to be accounted for in another fund.
Tax Levy Revenues
Income received by governments from taxing individuals or entities, often used to fund public services.
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