Based on the language of the some of the laws requiring "balanced budgets," which of the following events are possible?

Question

Quizplus · Accepted Answer

A proposed budget when submitted to the legislative body, when legally adopted, and at start of year is balanced in the sense that budgeted expenditures do not exceed amounts predicted to be available for that year. Few legislatures require budgets to be balanced, however, when the year end is completed. Some budgets may be "balanced" in many ways that are inconsistent with the concept. For example to achieve "balance," some governmental managers may overestimate the amount of revenue a government expects to receive, omitting or underestimate certain expenditures, or set up expenditures so that they don't have to be paid in cash until well after the budget year.

Based on the Language of the Some of the Laws