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How Government Shutdowns Impact Federal Contractors
Kimberly deCastro is the founder and chief executive officer of Wildflower, Inc., an IT and technology solutions provider with federal contracts with several agencies, such as the General Services Administration and the Department of Energy. During her tenure, Kimberly deCastro has navigated three government shutdowns, including the longest shutdown in American history.
Government shutdowns occur when Congress or the US President is unable to pass a budget. During the Carter administration, Attorney General Benjamin Civiletti interpreted that the Antideficiency Act prevented government agencies from exceeding their given budgets if a new budget has not passed. As a result, many agencies must halt operations if a government shutdown occurs.
While federal employees are entitled to back pay during these periods, federal contractors do not qualify. Instead, they may be furloughed or allowed to continue working without pay. Affected companies have several options. They may allow employees to use their accrued paid time off or vacation pay to cover the weeks without work. In other cases, agencies may be able to pay contractors by using funding designated for multi-year contracts.
Talking Point Solutions
This is a list of talking points associated with my new book, Crush Depth Alert.
Recommended
How Government Shutdowns Impact Federal Contractors
Kimberly deCastro is the founder and chief executive officer of Wildflower, Inc., an IT and technology solutions provider with federal contracts with several agencies, such as the General Services Administration and the Department of Energy. During her tenure, Kimberly deCastro has navigated three government shutdowns, including the longest shutdown in American history.
Government shutdowns occur when Congress or the US President is unable to pass a budget. During the Carter administration, Attorney General Benjamin Civiletti interpreted that the Antideficiency Act prevented government agencies from exceeding their given budgets if a new budget has not passed. As a result, many agencies must halt operations if a government shutdown occurs.
While federal employees are entitled to back pay during these periods, federal contractors do not qualify. Instead, they may be furloughed or allowed to continue working without pay. Affected companies have several options. They may allow employees to use their accrued paid time off or vacation pay to cover the weeks without work. In other cases, agencies may be able to pay contractors by using funding designated for multi-year contracts.
Talking Point Solutions
This is a list of talking points associated with my new book, Crush Depth Alert.
The Liabilities and Risks of State-Sponsored Pension Plans
The Liabilities and Risks of State-Sponsored Pension Plans
Not-for-Profit Compensation Controversies Continue to Add Fuel to the Fire
Compensation in the not-for profit sector has been a consistent lightning rod for the IRS and other federal governing bodies, as well as for states, for many years.
Congressional Proposals Related to a Lapse in Appropriations
Appropriation acts provide authority for federal programs or agencies to incur obligations and make payments. When appropriations lapse, the result is what is commonly called a government shutdown. This presentation briefly describes various legislative proposals related to a shutdown, such as a recently enacted law that pays furloughed federal workers once a shutdown ends and a proposed bill that would keep funding government operations at their current rate during a shutdown.
What happens when you are off on your budget- How do you handle the va.docx
What happens when you are off on your budget? How do you handle the variances? What is the difference between a favorable and unfavorable variance?
Solution
Answer: Off-budget is the revenue and spending of certain Federal entities that Congress wants to protect from the normal budget process. \"On-budget\" includes these entities, and is the total amount reported in the Federal \"unified\" budget. Off-budget spending is excluded from budget caps, sequestration, and pay-as-you-go requirements.
Examples
The three main entities that are off-budget are the Social Security Trust Fund, the U.S. Postal Service, and Fannie Mae and Freddie Mac.
Variance Analysis:
A variance arises when there is a difference between actual and budget cost.They indicate whether and to what extent standards set have been achieved .
Variances can be either:
A favourable variance :If the actual cost is less than than standard cost, the difference is known as favourable variance,credit variance or positive variance denoted by (F) or (Cr.)- it increases the profit.
A Unfavourable variance: If the actual cost exceeds standard cost, the difference is known as unfavourable variance,dedit variance or negative variance denoted by (A) or (Dr.)- it decreases the profit.
The significance of a variance will depend on factors such as:
.
Congressional Proposals Related to a Lapse of Appropriations
This presentation highlights laws that have been enacted to address a lapse in appropriations, CBO’s cost estimates for some recently proposed legislation that would provide spending authority during such a lapse, and other proposals introduced in the 116th Congress that would provide spending authority when there is a lapse in appropriations.
Presentation by Justin Riordan, an analyst in CBO’s Budget Analysis Division, at the American Association of Budget and Policy Analysis Spring 2019 Symposium.
Chapter 10 Health Reform in the United StatesC
Chapter 10
Health Reform in the United States
Chapter OverviewDiscusses the history of health reform in the United States and details the key provisions of the Affordable Care Act (ACA)Focuses on:Previous attempts at national health reformWhy health reform is difficult to achieveThe passage and provisions of the ACA
*
Health ReformThere have been numerous health reform attempts in the United States.Prior to 2010, all attempts at national health reform to create universal or near-universal coverage have failedSome successes at the state level
Health Reform—Difficulty of Reform in the United StatesIndividualistic cultureDislike of big governmentLack of consensus Federal system rules and structure make it difficult to achieve major reformStates generally home to social welfare issuesPowerful interest groups against national health reformPath dependency
Health Reform—Key Failed Attempts at National Health Reform1912 Progressive Party candidate Teddy Roosevelt supported social insurance platform that included health insurance1915 American Association for Labor Legislation proposal for working-class health insurancePresident Truman supported national health reform upon taking office, won re-election on national health insurance platform in 1948President Nixon: initial health reform proposal in 1969 and revised proposal in 1972President Clinton Health Security Act in 1993
*
The Affordable Care Act
(1 of 3)Why did the ACA pass when so many prior attempts had failed?Commitment and leadershipLearned lessons from past failuresPolitical pragmatism
The Affordable Care Act
(2 of 3)Individual mandate—most people have to purchase health insurance or pay a penalty starting in 2014Exemptions for certain populations and based on affordabilityPenalty for individual mandate repealed in 2017 Tax Cut and Jobs ActControversyToo much government interference in private lives?Constitutional?
The Affordable Care Act
(3 of 3)State Health Insurance ExchangesAmerican Health Benefit Exchanges for individualsSmall Business Health Options program for small businessesEffectively ended in 2018; may be revisedMust offer essential health benefits (abortion compromise)Four cost levels for plans based on actuarial value
ACA: Premium and Cost Sharing SubsidiesPremium tax credits available for individuals who purchase insurance in an exchange and have income between 133% and 400% of povertyCost-sharing subsidies available for individuals who purchase insurance in an exchange and have income up to 250% of povertyTo qualify, must be a U.S. citizen or legal resident, not eligible for any type of public insurance, and not have access to employer-sponsored insurance
*
ACA: Employer MandateIn 2014, employers with 50 or more employees must provide affordable health insurance or pay a penalty.Insurance is affordable if it has an actuarial value of at least 60% or is not more than 9.5% of an employee’s income.Penalty is per employee after first 30 emplo ...
DQ #4 Explain the US Government Thrift Savings Plans-SolutionThe US Go.docx
DQ #4 Explain the US Government Thrift Savings Plans.
Solution
The US Government Thrift Savings Plans is a defined-contribution plan designed to give federal employees the same retirement savings related benefits which will be equal to that of workers in the private sector enjoy with 401(k) plans. Contributions to these plans are automatically deducted from each paycheck of federal employees.
The thrift savings plan offers six different funds (government security fund, fixed-income fund, common stock fund, small cap stock fund, international stock fund and a life cycle fund) in which federal employees can invest.
Because the thrift savings plan is based on tax-deferred contributions, any contributions made into it will not be taxed until the money is withdrawn, which can be deferred until retirement.
Other Benefits of these US Government Thrift Savings Plans includes 1) agency matching contributions 2) agency automatic contributions 3) catch up contributions and 4) low expense ratios.
.
Ias20
Rodel S. Navarro; Business and Management Consultant and Director; RODEL SY NAVARRO BUSINESS CONSULTANCY SERVICES (RSNBCS); Tel / Mobile: +63-0917-7333563; Email: rsnbcs@gmail.com http://www.slideshare.net/RSNBCS; (About Business Laws compilation): http://www.slideshare.net/BUSINESSLAWSPH Email: businesslawsph@gmail.com; https://www.slideshare.net/FREEPDFBOOKSPH; freepdfbooksph@gmail.com; www.slideshare.net/IFRS_IAS_COMPILED; ifrs.ias.compiled@gmail.com
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Similar to AP Government Practice Exam 2009
The Liabilities and Risks of State-Sponsored Pension Plans
The Liabilities and Risks of State-Sponsored Pension Plans
Not-for-Profit Compensation Controversies Continue to Add Fuel to the Fire
Compensation in the not-for profit sector has been a consistent lightning rod for the IRS and other federal governing bodies, as well as for states, for many years.
Congressional Proposals Related to a Lapse in Appropriations
Appropriation acts provide authority for federal programs or agencies to incur obligations and make payments. When appropriations lapse, the result is what is commonly called a government shutdown. This presentation briefly describes various legislative proposals related to a shutdown, such as a recently enacted law that pays furloughed federal workers once a shutdown ends and a proposed bill that would keep funding government operations at their current rate during a shutdown.
What happens when you are off on your budget- How do you handle the va.docx
What happens when you are off on your budget? How do you handle the variances? What is the difference between a favorable and unfavorable variance?
Solution
Answer: Off-budget is the revenue and spending of certain Federal entities that Congress wants to protect from the normal budget process. \"On-budget\" includes these entities, and is the total amount reported in the Federal \"unified\" budget. Off-budget spending is excluded from budget caps, sequestration, and pay-as-you-go requirements.
Examples
The three main entities that are off-budget are the Social Security Trust Fund, the U.S. Postal Service, and Fannie Mae and Freddie Mac.
Variance Analysis:
A variance arises when there is a difference between actual and budget cost.They indicate whether and to what extent standards set have been achieved .
Variances can be either:
A favourable variance :If the actual cost is less than than standard cost, the difference is known as favourable variance,credit variance or positive variance denoted by (F) or (Cr.)- it increases the profit.
A Unfavourable variance: If the actual cost exceeds standard cost, the difference is known as unfavourable variance,dedit variance or negative variance denoted by (A) or (Dr.)- it decreases the profit.
The significance of a variance will depend on factors such as:
.
Congressional Proposals Related to a Lapse of Appropriations
This presentation highlights laws that have been enacted to address a lapse in appropriations, CBO’s cost estimates for some recently proposed legislation that would provide spending authority during such a lapse, and other proposals introduced in the 116th Congress that would provide spending authority when there is a lapse in appropriations.
Presentation by Justin Riordan, an analyst in CBO’s Budget Analysis Division, at the American Association of Budget and Policy Analysis Spring 2019 Symposium.
Chapter 10 Health Reform in the United StatesC
Chapter 10
Health Reform in the United States
Chapter OverviewDiscusses the history of health reform in the United States and details the key provisions of the Affordable Care Act (ACA)Focuses on:Previous attempts at national health reformWhy health reform is difficult to achieveThe passage and provisions of the ACA
*
Health ReformThere have been numerous health reform attempts in the United States.Prior to 2010, all attempts at national health reform to create universal or near-universal coverage have failedSome successes at the state level
Health Reform—Difficulty of Reform in the United StatesIndividualistic cultureDislike of big governmentLack of consensus Federal system rules and structure make it difficult to achieve major reformStates generally home to social welfare issuesPowerful interest groups against national health reformPath dependency
Health Reform—Key Failed Attempts at National Health Reform1912 Progressive Party candidate Teddy Roosevelt supported social insurance platform that included health insurance1915 American Association for Labor Legislation proposal for working-class health insurancePresident Truman supported national health reform upon taking office, won re-election on national health insurance platform in 1948President Nixon: initial health reform proposal in 1969 and revised proposal in 1972President Clinton Health Security Act in 1993
*
The Affordable Care Act
(1 of 3)Why did the ACA pass when so many prior attempts had failed?Commitment and leadershipLearned lessons from past failuresPolitical pragmatism
The Affordable Care Act
(2 of 3)Individual mandate—most people have to purchase health insurance or pay a penalty starting in 2014Exemptions for certain populations and based on affordabilityPenalty for individual mandate repealed in 2017 Tax Cut and Jobs ActControversyToo much government interference in private lives?Constitutional?
The Affordable Care Act
(3 of 3)State Health Insurance ExchangesAmerican Health Benefit Exchanges for individualsSmall Business Health Options program for small businessesEffectively ended in 2018; may be revisedMust offer essential health benefits (abortion compromise)Four cost levels for plans based on actuarial value
ACA: Premium and Cost Sharing SubsidiesPremium tax credits available for individuals who purchase insurance in an exchange and have income between 133% and 400% of povertyCost-sharing subsidies available for individuals who purchase insurance in an exchange and have income up to 250% of povertyTo qualify, must be a U.S. citizen or legal resident, not eligible for any type of public insurance, and not have access to employer-sponsored insurance
*
ACA: Employer MandateIn 2014, employers with 50 or more employees must provide affordable health insurance or pay a penalty.Insurance is affordable if it has an actuarial value of at least 60% or is not more than 9.5% of an employee’s income.Penalty is per employee after first 30 emplo ...
DQ #4 Explain the US Government Thrift Savings Plans-SolutionThe US Go.docx
DQ #4 Explain the US Government Thrift Savings Plans.
Solution
The US Government Thrift Savings Plans is a defined-contribution plan designed to give federal employees the same retirement savings related benefits which will be equal to that of workers in the private sector enjoy with 401(k) plans. Contributions to these plans are automatically deducted from each paycheck of federal employees.
The thrift savings plan offers six different funds (government security fund, fixed-income fund, common stock fund, small cap stock fund, international stock fund and a life cycle fund) in which federal employees can invest.
Because the thrift savings plan is based on tax-deferred contributions, any contributions made into it will not be taxed until the money is withdrawn, which can be deferred until retirement.
Other Benefits of these US Government Thrift Savings Plans includes 1) agency matching contributions 2) agency automatic contributions 3) catch up contributions and 4) low expense ratios.
.
Ias20
Rodel S. Navarro; Business and Management Consultant and Director; RODEL SY NAVARRO BUSINESS CONSULTANCY SERVICES (RSNBCS); Tel / Mobile: +63-0917-7333563; Email: rsnbcs@gmail.com http://www.slideshare.net/RSNBCS; (About Business Laws compilation): http://www.slideshare.net/BUSINESSLAWSPH Email: businesslawsph@gmail.com; https://www.slideshare.net/FREEPDFBOOKSPH; freepdfbooksph@gmail.com; www.slideshare.net/IFRS_IAS_COMPILED; ifrs.ias.compiled@gmail.com
https://www.slideshare.net/PH_STANDARDSONAUDITING_COMPILED
Email: psauditing.compiled@gmail.com
http://www.youtube.com (copy&search) RSNBCS_MBA_COURSES_PREPARATION
Email: rsnbcs.mba.courses.prep@gmail.com
http://www.youtube.com (copy&search)
RSNBCS_FOR_BOARD_OF_DIRECTOR_PHILIPPINES
Email: rsnbcsforbod@gmail.com
http://www.youtube.com (copy&search) RSYN_PHD_DEGREE_HUMANITIES_PREPARATION
Email: rsyn.phddegree.prep@gmail.com
City of Mound Bayou’s Fire DepartmentFY 2015 BudgetCapital Impro.docx
City of Mound Bayou’s Fire Department
FY 2015 Budget
Capital Improvement Program
Project Summary:
Project Description:
Estimated Impact on Operating Budget:
City of
Mound Bayou’s Fire Department
FY 2015 Budget
Capital Improvement Program
Project Summary:
Project Description:
Estimated Impact on Operating Budget:
City of Mound Bayou’s Fire Department
FY 2015 Budget
Capital Improvement Program
Project Summary:
Project Description:
Estimated Impact on Operating Budget:
City of Mount Bayou Project Priority List
Rank
Project Name
Cost
Justification
City of Mount Bayou Project Priority List
Rank
Project Name
Cost
Justification
City of Mount Bayou Project Priority List
Rank Project Name Cost Justification
Module Four
Chapter 4 Overview
In addition to the personnel services and support services potion of the budget is the capital outlay portion. It is this portion that monies for needed “equipment” is found within the budget. Some states allow for “construction projects” to also be included in this section of the budget, however Florida is not one of those states. The laws vary from state to state as to the definition of “equipment” within public organizations. Equipment purchased under this portion of the budget is almost always placed on the agency’s inventory and assigned a property control number. Obviously this is the means whereby equipment is both managed and accounted for in public agencies. When equipment is no longer needed by the agency, it is either sold at public auction, or disposed of in accordance with law. Strict records should always be kept of all equipment under the control of any public agency.
Chapter Four Lecture
In this module we will be examining the Capital Outlay portion of the budget. Monies allocated for this portion of the budget vary based upon the agency or government entity preparing the budget. The power point provided for this module discusses monies allocated to this portion of the budget may include such things as construction costs for new buildings. Other areas of the power point discuss monies allocated to this portion of the budget are allocated for equipment.
The difference can be found in the government entity preparing the budget. Let’s take a look at the local level of government, county or city. In the United States counties and cities have a governing body called the Council or Commission. This governing body is known as the legislative branch of that local government. Local agencies, such as the police department, sheriff’s office, building and zoning, etc. do not place it their budgets under the capital expenditure portion construction for new buildings or purchasing land. This would be done at the county or city level within the ove.
City of Mound Bayou’s Fire DepartmentFY 2015 BudgetCapital Impro.docx
City of Mound Bayou’s Fire Department
FY 2015 Budget
Capital Improvement Program
Project Summary:
Project Description:
Estimated Impact on Operating Budget:
City of
Mound Bayou’s Fire Department
FY 2015 Budget
Capital Improvement Program
Project Summary:
Project Description:
Estimated Impact on Operating Budget:
City of Mound Bayou’s Fire Department
FY 2015 Budget
Capital Improvement Program
Project Summary:
Project Description:
Estimated Impact on Operating Budget:
City of Mount Bayou Project Priority List
Rank
Project Name
Cost
Justification
City of Mount Bayou Project Priority List
Rank
Project Name
Cost
Justification
City of Mount Bayou Project Priority List
Rank Project Name Cost Justification
Module Four
Chapter 4 Overview
In addition to the personnel services and support services potion of the budget is the capital outlay portion. It is this portion that monies for needed “equipment” is found within the budget. Some states allow for “construction projects” to also be included in this section of the budget, however Florida is not one of those states. The laws vary from state to state as to the definition of “equipment” within public organizations. Equipment purchased under this portion of the budget is almost always placed on the agency’s inventory and assigned a property control number. Obviously this is the means whereby equipment is both managed and accounted for in public agencies. When equipment is no longer needed by the agency, it is either sold at public auction, or disposed of in accordance with law. Strict records should always be kept of all equipment under the control of any public agency.
Chapter Four Lecture
In this module we will be examining the Capital Outlay portion of the budget. Monies allocated for this portion of the budget vary based upon the agency or government entity preparing the budget. The power point provided for this module discusses monies allocated to this portion of the budget may include such things as construction costs for new buildings. Other areas of the power point discuss monies allocated to this portion of the budget are allocated for equipment.
The difference can be found in the government entity preparing the budget. Let’s take a look at the local level of government, county or city. In the United States counties and cities have a governing body called the Council or Commission. This governing body is known as the legislative branch of that local government. Local agencies, such as the police department, sheriff’s office, building and zoning, etc. do not place it their budgets under the capital expenditure portion construction for new buildings or purchasing land. This would be done at the county or city level within the ove.
Chapter 1 Basic Components & Legal Environment of Federal Sector Co.docx
Chapter 1: Basic Components & Legal Environment of Federal Sector Compensation & Benefits
Contents
INTRODUCTION 2
A FRAMEWORK FOR UNDERSTANDING “STRATEGIC REWARDS” 2
Basic Components of Compensation and Benefits 3
Record your thoughts 4
THE LEGAL ENVIRONMENT OF COMPENSATION AND BENEFITS IN THE FEDERAL SECTOR 5
Roots of the Legal Environment for Compensation & Benefits 5
Merit System Principle on Pay 6
Title 5, Code of Federal Regulations 6
Executive Orders 7
OPM Guidance 7
Implementation of Compensation and Benefits Policies & Programs by Federal Departments and Agencies 8
Collective Bargaining 8
Share Ideas in the Discussion Forum 9
INTRODUCTION
What is the Federal Sector?
As we begin this lesson, Basic Components & Legal Environment of Federal Sector Compensation & Benefits, it is important to understand what is meant by the term “Federal sector.” No single textbook covers the material introduced in this course. So, when you search for resources, particularly online, you may find information about compensation and benefits in the “public sector” or in “government agencies.” The terms “public sector” and “government agencies” are not synonymous with the “Federal sector.”
The terms “public sector” and “government agencies” include State and local governments, as well as the Federal government. The “Federal sector” is a subset of the “public sector” that encompasses only those Federal departments and agencies that are established through legislation enacted by Congress. It does not include private sector employers or employees who perform work for the Federal government through contracts with Federal departments or agencies. A FRAMEWORK FOR UNDERSTANDING “STRATEGIC REWARDS”
Compensation involves more than just how much an employee receives in the form of salary payments. This chart provides a useful framework for understanding how the various components of compensation fit together to form what compensation experts call “strategic rewards.” When we think of compensation, most of us probably are most familiar with the forms of payment shown in the upper left-hand quadrant of this chart, which includes our basic salary, other forms of pay that are “variable,” such as bonuses and other one-time performance-based payments, miscellaneous payments for various skills or conditions of work, and pay for time when we are not working (called “leave” in the Federal government). We are also somewhat familiar with the items shown in the upper right-hand “benefits” quadrant. These, too, are forms of payment typically associated with employment. We may be less familiar with the idea that the items shown in the “learning and development” and “work environment” quadrants also are considered part of the “strategic rewards” provided by an employer as part of an employee’s total compensation package. This course will focus primarily on the top half of this rewards framework, but we will also consider benefits that contribute to helping employees ...
1 CRS Report RL30533, The Quasi Government Hybrid Organizatio.docx
1 CRS Report RL30533, The Quasi Government: Hybrid Organizations with Both Government
and Private Sector Legal Characteristics, by Kevin R. Kosar.
Order Code RS21663
Updated April 23, 2007
Government-Sponsored Enterprises (GSEs):
An Institutional Overview
Kevin R. Kosar
Analyst in American National Government
Government and Finance Division
Summary
Congress chartered government-sponsored enterprises (GSEs) to improve the
workings of credit markets. This report briefly describes the nature of GSEs, their
mixed governmental-private nature, the differences between GSEs and government
agencies, and concerns about and supporting arguments for GSEs. This report will be
updated as events warrant.
What Is a Government-Sponsored Enterprise?
A number of organizations fall between the categories of private sector and
governmental entities.1 One type of quasi-governmental organization is the “government-
sponsored enterprise” (GSE). For the purpose of budgetary treatment, Congress has
defined the term “government-sponsored enterprise” in the Omnibus Reconciliation Act
of 1990 to refer to
a corporate entity created by a law of the United States that —
(A) (i) has a Federal charter authorized by law;
(ii) is privately owned, as evidenced by capital stock owned by private entities
or individuals;
(iii) is under the direction of a board of directors, a majority of which is elected
by private owners;
(iv) is a financial institution with power to —
(I) make loans or loan guarantees for limited purposes such as to provide
credit for specific borrowers or one sector; and
(II) raise funds by borrowing (which does not carry the full faith and credit
of the Federal Government) or to guarantee the debt of others in unlimited
amounts; and
CRS-2
2 104 Stat. 1388-607, Sec. 13112; and 2 U.S.C. 622(8).
3 Ronald C. Moe and Thomas H. Stanton, “Government-Sponsored Enterprises as Federal
Instrumentalities: Reconciling Private Management with Public Accountability,” Public
Administration Review, vol. 49, July/August 1989, p. 321.
4 Thomas H. Stanton, Government Sponsored Enterprises: Their Benefits and Costs As
Instruments of Federal Policy (Washington: Association of Reserve City Bankers, April 1988),
p. v.
5 Thomas H. Stanton, Government Sponsored Enterprises: Mercantilist Companies in the
Modern World (Washington: The AEI Press, 2002).
6 This flexibility has led to controversies. For example, some have argued that GSEs compensate
their executives too generously. Terence O’Hara, “Exit Packages in Dispute at Fannie Mae,”
Washington Post, December 28, 2004, p. E1.
(B) (i) does not exercise powers that are reserved to the Government as sovereign
(such as the power to tax or to regulate interstate commerce);
(ii) does not have the power to commit the Government financially (but it may
be a recipient of a loan guarantee commitment made by the Government); and
(iii) has employees whose salaries and expenses are paid by the enterprise and
are ...
Liberty Govt 462 quiz 1 questions
Liberty Govt 462 quiz 1 questions
For answer key, visit http://www.homeworksimple.com/govt-462/govt-462-quiz-1/
Running head EXERCISE 4-15 CAFR OKLAHOMA1EXERCISE 4-15 CAFR.docx
Running head: EXERCISE 4-15 CAFR OKLAHOMA 1
EXERCISE 4-15 CAFR 7
Exercise 4-15
Kerry Bolander
Dec. 9th, 2016
Oklahoma State
Governmental Activities
Governmental activities increased the state's net position by $1.3 billion. Tax revenues were down in four of the five major types. Total revenues for governmental activities were down by $449.5 million, or 2.3%, in 2015. The state showed a $147.9 million increase in individual income taxes, a $45.0 million decrease in sales taxes, a $51.0 million decrease in corporate income taxes, a $93.5 million decrease in Federal Grant revenue, and a $79.0 million decrease in gross production taxes during 2015 (Adams, Potter, Singh, & York, 2016).
These activities are normally recorded and reported in different column when it comes to the financial statements which may be in terms of General commitment bonds, directed by the state treasurer, are approved and issued principally to give assets to state-possessed capital upgrades, including office structures for state agencies. The state has promised 100% of cigarette expenses gathered under these bond issues. General commitment bonds are supported by the full confidence and credit of the state, including the state's energy to impose extra expenses to guarantee reimbursement of the bonds.
Asset and liability in the Oklahoma Department of Transportation (ODOT) has issued several arrangements of Grant Anticipation Notes with the end goal of financing certain qualified government help transportation extends in the state. The notes are secured by government income got from the Federal Highway Administration (FHWA) and have a last development in 2019. Add up to income got from the FHWA in monetary year 2015 was $622,566,000with a bit of that sum, $51,079,000, held as security for the notes. Current year note commitments for vital and intrigue totalled $18,605,000. ODOT likewise reported defeased notes payable, exceptional at June 30, 2015, totalling $114,387,000 for foremost, intrigue and trustee charges (Souder, 2016).
In information on government expenses can be in state of capital leases where the state has gone into understandings to rent hardware. Such understandings are, in substance, buys (capital rents) and are accounted for as capital rent commitments. Capital rent commitments are accounted for those leases where the equitable estimation of the rented resource at beginning of the rent is $25,000 or more.
General fund
When it comes to general fund a number of statements and schedules come up in different ways and means. The differences between the original budget and the final amended budget amounted to $102.0 million with $53.6 million (52.5%) coming from budget carryovers from fiscal year 2014, and the remaining $48.4 million (47.5%) was attributable to supplemental appropriations. The difference between the final budget and the actual collections amounted to $192.5 million less than the budget. Based on a review by the budget departme ...
Liberty Govt 462 Quiz 1
Liberty Govt 462 Quiz 1
http://www.homeworksimple.com/govt-462/govt-462-quiz-1/
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如何办理(uoit毕业证书)加拿大安大略理工大学毕业证文凭证书录取通知原版一模一样
原版纸张【微信：741003700 】【(uoit毕业证书)加拿大安大略理工大学毕业证】【微信：741003700 】学位证，留信认证（真实可查，永久存档）offer、雅思、外壳等材料/诚信可靠,可直接看成品样本，帮您解决无法毕业带来的各种难题！外壳，原版制作，诚信可靠，可直接看成品样本。行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备。十五年致力于帮助留学生解决难题，包您满意。
本公司拥有海外各大学样板无数，能完美还原海外各大学 Bachelor Diploma degree, Master Degree Diploma
1:1完美还原海外各大学毕业材料上的工艺：水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠。文字图案浮雕、激光镭射、紫外荧光、温感、复印防伪等防伪工艺。材料咨询办理、认证咨询办理请加学历顾问Q/微741003700
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
Opinions on EVs: Metro Atlanta Speaks 2023
Presents in chart form results of questions related to electric vehicles from 2023 Metro Atlanta Speaks survey of the Atlanta Regional Commission
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Presentation by Molly Dahl, CBO's Long-Term Analysis Unit Chief, at a conference organized by the National Bureau of Economic Research.
ZGB - The Role of Generative AI in Government transformation.pdf
This keynote was presented during the the 7th edition of the UAE Hackathon 2024. It highlights the role of AI and Generative AI in addressing government transformation to achieve zero government bureaucracy
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Presentation at Resolution Foundation event putting the public finances into context ahead of the next election.
Transit-Oriented Development Study Working Group Meeting
This presentation on TOD best practices and model zoning was shared with the Cuyahoga County TOD working group on June 5, 2024.
Effects of Extreme Temperatures From Climate Change on the Medicare Populatio...
Effects of Extreme Temperatures From Climate Change on the Medicare Populatio...Congressional Budget Office
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As Amended
2024: The FAR - Federal Acquisition Regulations, Part 37
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
Donate to charity during this holiday season
For people who have money and are philanthropic, there are infinite opportunities to gift a needy person or child a Merry Christmas. Even if you are living on a shoestring budget, you will be surprised at how much you can do.
Donate Us
https://serudsindia.org/how-to-donate-to-charity-during-this-holiday-season/
#charityforchildren, #donateforchildren, #donateclothesforchildren, #donatebooksforchildren, #donatetoysforchildren, #sponsorforchildren, #sponsorclothesforchildren, #sponsorbooksforchildren, #sponsortoysforchildren, #seruds, #kurnool
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Uniform Guidance 3.0 - The New 2 CFR 200
This session provides a comprehensive overview of the latest updates to the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (commonly known as the Uniform Guidance) outlined in the 2 CFR 200.
With a focus on the 2024 revisions issued by the Office of Management and Budget (OMB), participants will gain insight into the key changes affecting federal grant recipients. The session will delve into critical regulatory updates, providing attendees with the knowledge and tools necessary to navigate and comply with the evolving landscape of federal grant management.
Learning Objectives:
- Understand the rationale behind the 2024 updates to the Uniform Guidance outlined in 2 CFR 200, and their implications for federal grant recipients.
- Identify the key changes and revisions introduced by the Office of Management and Budget (OMB) in the 2024 edition of 2 CFR 200.
- Gain proficiency in applying the updated regulations to ensure compliance with federal grant requirements and avoid potential audit findings.
- Develop strategies for effectively implementing the new guidelines within the grant management processes of their respective organizations, fostering efficiency and accountability in federal grant administration.
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By raising awareness, providing support, advocating for change, and offering assistance to children in need, individuals can play a crucial role in improving the lives of street children and helping them realize their full potential
Donate Us
https://serudsindia.org/how-individuals-can-support-street-children-in-india/
#donatefororphan, #donateforhomelesschildren, #childeducation, #ngochildeducation, #donateforeducation, #donationforchildeducation, #sponsorforpoorchild, #sponsororphanage #sponsororphanchild, #donation, #education, #charity, #educationforchild, #seruds, #kurnool, #joyhome
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原版纸张【微信：741003700 】【(ocad毕业证书)加拿大安大略艺术设计学院毕业证】【微信：741003700 】学位证，留信认证（真实可查，永久存档）offer、雅思、外壳等材料/诚信可靠,可直接看成品样本，帮您解决无法毕业带来的各种难题！外壳，原版制作，诚信可靠，可直接看成品样本。行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备。十五年致力于帮助留学生解决难题，包您满意。
本公司拥有海外各大学样板无数，能完美还原海外各大学 Bachelor Diploma degree, Master Degree Diploma
1:1完美还原海外各大学毕业材料上的工艺：水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠。文字图案浮雕、激光镭射、紫外荧光、温感、复印防伪等防伪工艺。材料咨询办理、认证咨询办理请加学历顾问Q/微741003700
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
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CBO’s Outlook for U.S. Fertility Rates: 2024 to 2054
CBO’s Outlook for U.S. Fertility Rates: 2024 to 2054
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Effects of Extreme Temperatures From Climate Change on the Medicare Populatio...
2017 Omnibus Rules on Appointments and Other Human Resource Actions, As Amended
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2024: The FAR - Federal Acquisition Regulations, Part 37
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Monitoring Health for the SDGs - Global Health Statistics 2024 - WHO
AP Government Practice Exam 2009
- 1. Norman
- 11. OK, It is not over if you want to work on some FRQs.OK, It is not over if you want to work on some FRQs.
- 16. 5 points Part (a): 1 point One point is earned for defining a balanced budget, noting the salient point that a budget is balanced when federal spending equals federal income.
- 17. b. Define federal entitlements. c. Identify an entitlement and explain how entitlements are a barrier to the federal government achieving a balanced budget. Part (b): 1 point One point is earned for defining federal entitlements. An acceptable definition includes: - A federal entitlement is a federal program that guarantees a specific level of benefits to persons (or other entities) who meet requirements set by law, such as social Security, farm price supports, or unemployed benefits. - Reference may also be made to “eligibility” (a person receives an entitlement if he or she meets certain requirements) and “mandate” (spending that is required by law). Part (c): 2 points [One point is earned for identifying a federal entitlement.] Federal entitlements include: - Medicaid - Medicare - Social Security - Veteran’s Administration programs - Unemployment programs - Food stamps - Federal employee and military retirement plans Note: This list is not exhaustive. One point is earned for explaining how entitlements are a barrier to the federal government achieving a balanced budget. Acceptable explanations for impediments: - Congress has no discretion on how much money to appropriate. - Since Congress must spend money on entitlement programs, it has insufficient direction to bring about a balanced budget. Since entitlements account for more than 2/3 of the federal budget, Congress is not left with much to cut
- 18. d. Describe a consequence of large budget deficits. Teachingpowerpoints.com