The sole purpose of preparing a governmental budget is to show compliance with laws and regulations.

Question

Quizplus · Accepted Answer

The purpose of preparing a governmental budget is to allocate resources and prioritize spending in order to achieve goals and meet the needs of the community, not just to show compliance with laws and regulations. However, budgeting does involve ensuring that expenditures are in accordance with laws and regulations.

The Sole Purpose of Preparing a Governmental Budget Is to Show