Rainy day funds that are available "in emergencies" or "revenue shortfalls" may still be classified as committed if the emergency or shortfall condition is specified and is of such a magnitude as to distinguish it from events that are routine.
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Q1: Sales taxes, income taxes, and motor fuel
Q2: Net resources of a governmental fund represented
Q4: Property tax revenue is considered available if
Q5: Modified accrual accounting is essentially the same
Q6: Net resources of a governmental fund represented
Q7: Revenues, but not expenses, are recorded the
Q8: There are no expenses in modified accrual
Q9: When using modified accrual accounting, revenues should
Q10: Encumbrances under modified accrual accounting are recognized
Q11: The term, Fund Balance, is used to
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