When considering a comparable increase in the budget because of the new expenditure, expenditures should be split into one-time fixed cost and _______________. Answers: a. Periodic Variable Cost b. Periodic Fixed Cost c. Recurring Cost d. One-Time Variable Cost

Capital budgets are rarely completely executed in a singular fiscal year. Answers: True False

Generally speaking, state and local governments initiate budget projections about nine months prior to the beginning of the next fiscal year or budget cycle. Answers: True False