Rainy Day Funds Are Classified as Restricted If They Are

question 28

True/False

Rainy day funds are classified as restricted if they are created by a resolution or ordinance that identifies the specific circumstances under which the resources may be expended.

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Definitions:

Ethics

A set of moral principles or values that guide an individual's or group's behavior and decision-making.

Organizational Culture

The collective values, beliefs, and principles of organizational members that shape their interactions and behavior in the workplace.

Moral Leadership

A situation in which the leader takes a moral stance on an issue, and convinces others to do the same.

Ethical Climate

A work environment's set of moral values, practices, and beliefs that guide behavior and decisions within an organization.