Who may impose constraints for the use of a committed fund balance?

A. The government's highest level of decision-making authority

B. Creditors or bondholders

C. A majority vote of the finance committee

D. Any government official

Question

Social Studies

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4 April, 10:56

Who may impose constraints for the use of a committed fund balance?

A. The government's highest level of decision-making authority

B. Creditors or bondholders

C. A majority vote of the finance committee

D. Any government official

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Answers (1)

Know the Answer?

Aubree Carrillo · Answer 1

A. The government's highest level of decision making authority

Explanation:

Committed fund balance is a component of governmental fund on which a self-imposed limitations has been set in place for a particular period of usage example Scholarship Tuition funds. This Limitation can only be imposed at the highest level of decision making and it requires formal action at the same level to remove

Who may impose constraints for the use of a committed fund balance?A. The government's highest level of decision-making authorityB. Creditors or bondholdersC. A majority vote of the finance committeeD. Any government official

Who may impose constraints for the use of a committed fund balance?

A. The government's highest level of decision-making authority

B. Creditors or bondholders

C. A majority vote of the finance committee

D. Any government official