Budget Appropriations for Governmental Funds Ordinarily Cover Only One Year

question 4

True/False

Budget appropriations for governmental funds ordinarily cover only one year, while capital budgets are often multi-year.

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Definitions:

Geographic Area

A specific physical location defined by natural or artificial boundaries.

Printed Checks

Physical, paper forms used to make payments from a checking account.

Payer's Check

A check issued by an individual or entity (the payer) to another party as a form of payment.

Bank Withdraws

Actions by which funds are taken out from a bank account by the account holder.