Cgfm exam 2 study - Study guides, Class notes & Summaries

CGFM Study Exam 1 (rated A+) correctly answered 2023 Federalism - correct answer 1. Power is distributed among different lvls of Gov't 2. A legal relationship with power distributed among different levels of gov't 3. No lvl of gov't has complete authority over all areas of public policy 4. Results in no centralized system of gov't in US Complex relationships between the Federal, State, and Local Gov'ts, distributed authorities, rather than a centralized command and control system is...

CGFM Study Guide Exam 2 Questions and Answers

Non-Spendable Fund Balance - Answer-Assets not in spendable form-Inventories and prepaid items, principal of a permanent fund which may not be spent, and assets held for sale and longterm receivables. Examples: Supplies, inventory, membership fees Restricted Fund Balance - Answer-Subject to constraints imposed by external parties or law. Debt covenants (such as a requirement for a sinking fund) or constraints imposed by legislation or federal and state agencies, creditors, contributors o...

Non-Spendable Fund Balance - Answer-Assets not in spendable form-Inventories and prepaid items, principal of a permanent fund which may not be spent, and assets held for sale and longterm receivables. Examples: Supplies, inventory, membership fees Restricted Fund Balance - Answer-Subject to constraints imposed by external parties or law. Debt covenants (such as a requirement for a sinking fund) or constraints imposed by legislation or federal and state agencies, creditors, contributors o...

CGFM EXAM 2 Study Exam Questions with 100% Correct Answers

CGFM EXAM 2 Study Exam Questions with 100% Correct Answers

CGFM Study Guide Exam 2 Questions and Answers

CGFM Study Guide Exam 2 Questions and Answers

CGFM EXAM 2 Study With Correct Solutions.

CGFM - Exam Review With Questions and Answers 2023 Government Sovereignty - CORRECT ANSWER-Nat'l government can't be sued by states or by citizens w/out its permission. Government Authority - CORRECT ANSWER-Derived from constitutions or charters (local versions of a constitution), statutes, executive orders & regulations. 3 Levels - CORRECT ANSWER-1) National 2) State 3) Local The primary purpose of each is to provide services to citizens. Separate and distinct, yet they may coor...