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| Topic: |
Business
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| Number of pages / Number of words: |
2 / 520 |
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For example, reductions in spending by the state and federal governments could force local governments to make up any difference. Also, natural disasters can have a major affect on the fund balance. Local governments my not include natural disasters when preparing a budget. If a hurricane should hit the area, they will have to work with or transfer monies to possibly fix drainage problems, water supply problems, and damaged road repair...
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If a hurricane should hit the area, they will have to work with or transfer monies to possibly fix drainage problems, water supply problems, and damaged road repair.
References
Granof, M. H., and Warlow, P. S., (2003), Core Concepts of Governmental and Not-
for-Profit Accounting, New York: John Wiley & Sons, Inc...
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