Ch. 14: Budgeting Flashcards Preview

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Flashcards in Ch. 14: Budgeting Deck (6)
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1
Q

What is the level of funding that would be required to maintain all services at the currently authorized levels, including adjustments for inflation and salary increases?

A

base budget

2
Q

What is classified as propose increases in spending to provide additional services?

A

supplemental budget requests

3
Q

What is created to provide fire protection within a designated area?

A

fire tax district

4
Q

In which system does a member of the fire department act as the custodian of an amount of cash that is provided by the organization?

A

the petty cash system

5
Q

What is a method of ensuring that a budget account contains sufficient funds to cover a purchase?

A

a purchase order

6
Q

What is required when there are purchases that exceed a predetermined amount, such as $2000; large purchases?

A

a requisition