Question

(Research and Analysis) Obtain a recent state or local government annual operating budget from a library, your professor, the Internet, or elsewhere, and submit a brief report on this research assignment. (Include the link to your document or a .pdf of the file)

https://bloomington.in.gov/sites/default/files/2017-06/2017budget.pdf

above website is information to be used

1. Identify the government and describe the budget type (e.g., line item, program, performance).

2. On what basis of accounting was the budget adopted?

3. What are the budgetary control points?

Answer 1

As per the informaiton provided in the given link

1. The government is of United States of America (U.S.A.) and State - Indiana. The budget type is a line item type budget.

Steps performed

Step 1- visited the link mentioned in the question. The budget report was for city Bloomington. Identified that Bloomington city is in Indiana State in United States of America.

Step 2- The budget mentioned in page 65 is a line item budget. It is containing line item and department wise budget details.

2. The budget was adopted on Accrual Basis of Accounting. In accrual basis of accounting, income and expenses are recognised when they are incurred irrespective of whethe they have been actually paid or received.

3. Budgetary control points means key funds or areas for which the actual income and expenses are compared to budgeted income and expenses for checking the variances and decision making purpose.

The key budgetary control points are

a. Personal Services

b. Supplies

c. Capital Outlays

d.Service and Charges,