Eval Test_LARGE SESSION 1

1.     Expenses include personnel services, maintenance and other operating expenses and capital outlay.

• True

• False

2.     Budgeting is part of the process of appropriation.

• True

• False

3. 3. When an agency is operating under a reenacted budget, disbursements are based on the budget of the current year.

• True

• False

4.    The Sangguniang Panlalawigan reviews the budget of component cities and municipalities.

• True

• False

5. 5.    The Annual Budget of the Agency takes effect at the beginning of the fiscal year.

   Answer:

• True

• False

6.  Supplemental Budget may be made if estimated income exceeds actual income.

• False

• True

7.    The public purpose requirement is only met when an expenditure benefits the community as a body.

• True

• False