1 assume that at january 1 2011 the first day of the new fiscal period the city council of barb city approves the operating budget for the general fund providing for 800 000 in revenue and 750 000 in expenditures approval of the budget provides th
Assume that at January 1, 2011, the first day of the new fiscal period, the city council of Barb City approves the operating budget for the general fund, providing for $800,000 in revenue and $750,000 in expenditures. Approval of the budget provides the legal authority to levy the local property taxes and to appropriate resources […]