Revenue fund for planting trees along the highways

Assignment Help Accounting Basics
Reference no: EM131704838

Question: The county of Edvic is facing a General Fund deficit in 2013 because actual tax collections are lagging behind estimates. At a staff meeting, the village manager tells the chief of public works that the chief will need to terminate one employee in April to help keep the budget in balance. The chief of public works says: "I have a better idea. You know that state grant the finance commissioner put into a Special Revenue Fund because it could be used only for planting trees along the highways? Why don't I just tell one of my boys to fill out his time sheets so that the time he spends changing street light bulbs is charged against the Special Revenue Fund. Neither our finance commissioner nor the state will ever know the difference." How should the village manager respond?

Reference no: EM131704838

Questions Cloud

Prepare an analysis showing the total cost saving : If the offer is accepted, Manson will save all variable costs but no fixed costs. Prepare an analysis showing the total cost saving, if any
What are the categories of audit standards you will use : You must exercise due care when gathering evidence. The senior auditor you are working with has asked you several questions related to this process:
Discuss how many meanings can you attach to the word : how many meanings can you attach to the word. How do these meanings relate to one another
The role of project management in compliance management : The Role of Project Management in Compliance Management
Revenue fund for planting trees along the highways : The county of Edvic is facing a General Fund deficit in 2013 because actual tax collections are lagging behind estimates.
How has the growth in globalization affected strategic plan : How has the growth in globalization affected strategic planning in US companies from the perspective of cost.
Software engineering-software tamper resistance : Can someone tell me in detailed matter of two pages about the themes: Software engineering, Software tamper resistance, Digital Right Management.
Discuss the statement in the podcast that in judaism : Explain what you think is meant by the statement in the podcast that in Judaism, What you believe follows only after what you do.
Loop unrolling and predication reduce : (a) Which one of the three terms in the penalty equation will techniques like loop unrolling and predication reduce?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd