- This topic has 1 reply, 2 voices, and was last updated 8 years, 11 months ago by
.
-
Topic
-
Aren’t general revenue and program revenue the same thing?
State and local governments have various sources of revenue. When revenues restricted to a particular function are derived from parties outside the reporting government’s constituency, these revenues are classified as:
A. program revenues.
B. general revenues.
C. general revenues and program revenues.
D. specific revenues.
Answer A. Programs are financed with program revenues and general revenues. Program revenues are derived directly from the program itself or from parties outside the reporting government’s taxpayers or citizenry, as a whole; they reduce the net cost of the function to be financed from the government’s general revenues. Financing from outside parties that is restricted to a specific program or programs is considered program revenue.
- You must be logged in to reply to this topic.
