Question

Assume budget provides for estimated revenues of $1.2MM. Also, the budget approved appropriations of $850M and estimated other financing sources of $250M. Budget Entry?

Answer 1

A budget entry refers to the recorded information related to the anticipated revenues, appropriations, and other financing sources outlined in a budget.

Step-by-step explanation:

A budget entry refers to the recorded information related to the anticipated revenues, appropriations, and other financing sources outlined in a budget. In this case, the budget provides for estimated revenues of $1.2 million, budget-approved appropriations of $850 million, and estimated other financing sources of $250 million.

So the budget entry would include:

• Estimated Revenues: $1.2 million
• Appropriations: $850 million
• Other Financing Sources: $250 million