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M22_State Budget Terms

M22_State Budget Terms

Assessment

Presentation

Professional Development

Professional Development

Hard

Created by

Shelley Seckers

FREE Resource

6 Slides • 2 Questions

1

State Budget Terms

Read the definitions provided to learn more about terminology related to the State budget.

Slide image

2

Biennium

The Biennium covers two fiscal years;  for example, the 2016-2018 biennium begins on July 1, 2016 and goes through June 30, 2018, and is followed by the 2018-2020 biennium, which goes from July 1, 2018 through June 30, 2020.


3

 Biennial Budget

The Biennium covers two fiscal years;  for example, the 2016-2018 biennium begins on July 1, 2016 and goes through June 30, 2018, and is followed by the 2018-2020 biennium, which goes from July 1, 2018 through June 30, 2020.


4

Multiple Choice

The Biennium covers _____ fiscal year(s).

1

one

2

two

3

three

5

General Assembly

Reviews all requests and passes an Appropriations Act to authorize the 208 E&G budget for a fiscal year


6

Appropriations Act

The External budget refers to the Commonwealth of Virginia’s budget, and is called the Appropriation Act.  The Appropriations Act authorizes the 208 E&G budget for the fiscal year.


7

Fiscal Year

The Fiscal Year runs from July 1st to June 30th.


8

Multiple Choice

The Fiscal Year runs from

1

July 1st to June 30th.

2

June 1st to July 1st

3

January 1st to December 30th

State Budget Terms

Read the definitions provided to learn more about terminology related to the State budget.

Slide image

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