If a State Law Requires That Local Governments Prepare General

question 62

Multiple Choice

If a state law requires that local governments prepare General Fund and special revenue fund budgets on a basis that differs from the basis of accounting required by generally accepted accounting principles (GAAP)

• A) The actual amounts in the budgetary comparison schedule should be reported using the government's budgetary basis.
• B) The actual amounts in the budgetary comparison schedule should be reported on the GAAP basis.
• C) Both the budgeted and actual amounts in the budgetary comparison schedule prepared as part of the required supplementary information (RSI)should be reported on the GAAP basis; a separate budget-basis comparison schedule should be prepared for the appropriate state oversight body.
• D) Only a budgetary comparison schedule prepared for the appropriate state oversight body is required.

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Definitions:

Explore Ambivalence

The technique of acknowledging and discussing an individual's conflicting feelings or thoughts about a behavior change.

Type 2 Diabetes

A chronic condition affecting how the body processes blood sugar, often related to obesity and lifestyle factors.

SMART Goals

Specific, Measurable, Achievable, Relevant, and Time-bound objectives set to guide behavior change and achieve desired outcomes.

Explore Ambivalence

The process of acknowledging and understanding the mixed feelings or contradictory attitudes someone might have towards change, often used in motivational interviewing.