--%>
Assignment Help - homework help

Explain Department of Finance

Department of Finance (Finance): The Director of Finance functions as the Governor’s chief fiscal policy advisor with the emphasis on financial integrity of the state. Finance is delegated the accountability for preparation of the Governor's Budget. The primary functions of the department comprise:

• Prepare, elucidate, and administer the state’s annual financial plan (that is, budget), which the Governor is needed under the State Constitution to present by January 10 of each and every year.

• Analyze the legislation.

• Establish suitable fiscal policies to fetch out the state’s programs.

• Develop and sustain the California State Accounting and Reporting System (that is, CALSTARS), that is used by most of the state departments to record their accounting transactions.

• Monitor and audit expenses by state departments to make sure compliance with the law, accepted standards and policies.

• Build up economic forecasts and revenue approximations.

• Build up population and enrollment approximations and projections.

• Review expenses for information technology actions of state departments.

• Support the Director or designee in their responsibility as member of around 95 state boards and commissions.

   Related Questions in Finance Basics

  • Q : Reducing payroll costs It is likely

    It is likely that in the next few years, employers will face incresing pressures to reduce their payroll costs. critically evaluate the range of ways by which payroll costs can be reduced whilst taking into account the need to maintain a focus on the

    		•
  • Q : Relationship which MPC bear to the size

    Normal 0 false false

    		•
  • Q : What are Tax Expenditures Tax

    Tax Expenditures: The subsidies offered via the taxation systems by generating deductions, credits and exclusions of certain kinds of income or expenditures which would otherwise be taxable.

    		•
  • Q : Impact on India on Global Economic

    Explain the impact on India on Global Economic crisis ?

    		•
  • Q : State Section 31.00 Section 31.00 : It

    Section 31.00: It is a Control Section of Budget Act which specifies some administrative procedures. For illustration, the section subjects to the Budget Act appropriations to different sections of the Government Code, restricts the new positions a de

    		•
  • Q : Question on balance sheet of Yukon Bank

    Normal 0 false false

  • Q : What are Feeder Funds Feeder Funds :

    Feeder Funds: For lawful basis accounting purposes, funds into which some taxes or fees are deposited on collection. In some situations administrative costs, collection expenses, and refunds are paid. The balance of such funds is transferable at any t

    		•
  • Q : What is Feasibility Study Report

    Feasibility Study Report (FSR): This is a document proposing an information technology project which contains analyses of options, cost estimates, and some other information.

    		•
  • Q : Describe trustworthy collateral from

    Describe trustworthy collateral from the lenders' perspective? Describe whether accounts receivable and inventory are trustworthy collateral. Assets which are readily marketable, of stable value, and not likely to "disappear" make for trustwort

    		•
  • Q : What is the Schedule of Operating

    Schedule of Operating Expenses and Equipment, Supplementary: The supplemental schedule proposed by department’s throughout budget preparation that details by object the expenses comprised in the Operating Expenses and Equipment class.

    		•