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EXPENSES Salaries Fringe Benefits Equipment Materials & Supplies* General Expenses Contractual Utility Costs Interfund Charges Other REVENUES Investment Income ABC COLLEGE Multi-Year Budget Projection Plan 20010-2013 Rents & Recoveries Revenue Offset to Expenses Service Fees Student Revenues Revenue in Lieu of Spons Share Federal Aid State Aid Property Taxes Fund Balance Beginning Structural balance Fund Balance Ending 2010 Adopted Budget 2011 Projected Operating Results 2012 2013 Projected Projected Operating Operating Results Results 110,105,147 40,955,000 115,929,130 121,493,728 127,325,427 41,329,841 45,049,526 49,548,984 Sub- total 151,060,147 157,258,971 166,543,255 176,874,411 2,000,000 2,000,000 2,000,000 2,000,000 1,525,000 0 0 0 4,800,000 6,357,000 6,350,000 6,525,000 6,225,285 6,104,175 6,272,546 6,400,000 1,100,000 1,150,000 1,200,000 1,250,000 6,700,000 6,901,000 7,108,030 7,321,271 115,000 120,000 120,000 120,000 Sub- total 22,465,285 Total 173,525,432 22,450,175 23,050,576 23,616,271 179,709,146 189,593,830 200,490,682 250,000 1,122,000 3:50,000 900,000 350,000 375,000 300,000 700,000 3,900,000 3,705,000 3,400,000 4,521,661 3,500,000 3,600,000 4,521,661 4,521,661 61,558,934 13,124,781 241,000 43,077,850 64,814,538 71,399,488 78,877,751 13,344,695 13,865,138 14,405,878 250,000 250,000 43,767,096 44,660,303 45,553,509 250,000 48,361,156 50,247,241 52,206,883 179,709,146 189,593,830 200,490,682 46,545,867 Total 173,525,432 5,842,255 0 0 5,842,255 5,842,255 5,842,255 5,842,255 5,842,255 0 0 5,842,255 5,842,255 What revenue sources allow this budget to be balanced in each year? What revenue source will have the greatest impact on the budget? What assumptions have been made with respect to revenue sources? What two expenditures will have the greatest impact upon the budget?

EXPENSES Salaries Fringe Benefits Equipment Materials & Supplies* General Expenses Contractual Utility Costs Interfund Charges Other REVENUES Investment Income ABC COLLEGE Multi-Year Budget Projection Plan 20010-2013 Rents & Recoveries Revenue Offset to Expenses Service Fees Student Revenues Revenue in Lieu of Spons Share Federal Aid State Aid Property Taxes Fund Balance Beginning Structural balance Fund Balance Ending 2010 Adopted Budget 2011 Projected Operating Results 2012 2013 Projected Projected Operating Operating Results Results 110,105,147 40,955,000 115,929,130 121,493,728 127,325,427 41,329,841 45,049,526 49,548,984 Sub- total 151,060,147 157,258,971 166,543,255 176,874,411 2,000,000 2,000,000 2,000,000 2,000,000 1,525,000 0 0 0 4,800,000 6,357,000 6,350,000 6,525,000 6,225,285 6,104,175 6,272,546 6,400,000 1,100,000 1,150,000 1,200,000 1,250,000 6,700,000 6,901,000 7,108,030 7,321,271 115,000 120,000 120,000 120,000 Sub- total 22,465,285 Total 173,525,432 22,450,175 23,050,576 23,616,271 179,709,146 189,593,830 200,490,682 250,000 1,122,000 3:50,000 900,000 350,000 375,000 300,000 700,000 3,900,000 3,705,000 3,400,000 4,521,661 3,500,000 3,600,000 4,521,661 4,521,661 61,558,934 13,124,781 241,000 43,077,850 64,814,538 71,399,488 78,877,751 13,344,695 13,865,138 14,405,878 250,000 250,000 43,767,096 44,660,303 45,553,509 250,000 48,361,156 50,247,241 52,206,883 179,709,146 189,593,830 200,490,682 46,545,867 Total 173,525,432 5,842,255 0 0 5,842,255 5,842,255 5,842,255 5,842,255 5,842,255 0 0 5,842,255 5,842,255 What revenue sources allow this budget to be balanced in each year? What revenue source will have the greatest impact on the budget? What assumptions have been made with respect to revenue sources? What two expenditures will have the greatest impact upon the budget?

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter7: Budgeting
Section: Chapter Questions
Problem 2MC: Which of the following is an operating budget? A. cash budget B. production budget C. tax budget D....
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EXPENSES Salaries Fringe Benefits Equipment Materials & Supplies* General Expenses Contractual Utility Costs Interfund Charges Other REVENUES Investment Income ABC COLLEGE Multi-Year Budget Projection Plan 20010-2013 Rents & Recoveries Revenue Offset to Expenses Service Fees Student Revenues Revenue in Lieu of Spons Share Federal Aid State Aid Property Taxes Fund Balance Beginning Structural balance Fund Balance Ending 2010 Adopted Budget 2011 Projected Operating Results 2012 2013 Projected Projected Operating Operating Results Results 110,105,147 40,955,000 115,929,130 121,493,728 127,325,427 41,329,841 45,049,526 49,548,984 Sub- total 151,060,147 157,258,971 166,543,255 176,874,411 2,000,000 2,000,000 2,000,000 2,000,000 1,525,000 0 0 0 4,800,000 6,357,000 6,350,000 6,525,000 6,225,285 6,104,175 6,272,546 6,400,000 1,100,000 1,150,000 1,200,000 1,250,000 6,700,000 6,901,000 7,108,030 7,321,271 115,000 120,000 120,000 120,000 Sub- total 22,465,285 Total 173,525,432 22,450,175 23,050,576 23,616,271 179,709,146 189,593,830 200,490,682 250,000 1,122,000 3:50,000 900,000 350,000 375,000 300,000 700,000 3,900,000 3,705,000 3,400,000 4,521,661 3,500,000 3,600,000 4,521,661 4,521,661 61,558,934 13,124,781 241,000 43,077,850 64,814,538 71,399,488 78,877,751 13,344,695 13,865,138 14,405,878 250,000 250,000 43,767,096 44,660,303 45,553,509 250,000 48,361,156 50,247,241 52,206,883 179,709,146 189,593,830 200,490,682 46,545,867 Total 173,525,432 5,842,255 0 0 5,842,255 5,842,255 5,842,255 5,842,255 5,842,255 0 0 5,842,255 5,842,255
Transcribed Image Text:EXPENSES Salaries Fringe Benefits Equipment Materials & Supplies* General Expenses Contractual Utility Costs Interfund Charges Other REVENUES Investment Income ABC COLLEGE Multi-Year Budget Projection Plan 20010-2013 Rents & Recoveries Revenue Offset to Expenses Service Fees Student Revenues Revenue in Lieu of Spons Share Federal Aid State Aid Property Taxes Fund Balance Beginning Structural balance Fund Balance Ending 2010 Adopted Budget 2011 Projected Operating Results 2012 2013 Projected Projected Operating Operating Results Results 110,105,147 40,955,000 115,929,130 121,493,728 127,325,427 41,329,841 45,049,526 49,548,984 Sub- total 151,060,147 157,258,971 166,543,255 176,874,411 2,000,000 2,000,000 2,000,000 2,000,000 1,525,000 0 0 0 4,800,000 6,357,000 6,350,000 6,525,000 6,225,285 6,104,175 6,272,546 6,400,000 1,100,000 1,150,000 1,200,000 1,250,000 6,700,000 6,901,000 7,108,030 7,321,271 115,000 120,000 120,000 120,000 Sub- total 22,465,285 Total 173,525,432 22,450,175 23,050,576 23,616,271 179,709,146 189,593,830 200,490,682 250,000 1,122,000 3:50,000 900,000 350,000 375,000 300,000 700,000 3,900,000 3,705,000 3,400,000 4,521,661 3,500,000 3,600,000 4,521,661 4,521,661 61,558,934 13,124,781 241,000 43,077,850 64,814,538 71,399,488 78,877,751 13,344,695 13,865,138 14,405,878 250,000 250,000 43,767,096 44,660,303 45,553,509 250,000 48,361,156 50,247,241 52,206,883 179,709,146 189,593,830 200,490,682 46,545,867 Total 173,525,432 5,842,255 0 0 5,842,255 5,842,255 5,842,255 5,842,255 5,842,255 0 0 5,842,255 5,842,255
What revenue sources allow this budget to be balanced in each year? What revenue source will have the greatest impact on the budget? What assumptions have been made with respect to revenue sources? What two expenditures will have the greatest impact upon the budget?
Transcribed Image Text:What revenue sources allow this budget to be balanced in each year? What revenue source will have the greatest impact on the budget? What assumptions have been made with respect to revenue sources? What two expenditures will have the greatest impact upon the budget?
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