What term refers to revenue amounts expected to be realized in cash during the fiscal year from known sources?

Prepare for the New Jersey CMFO Statutes Exam. Access multiple choice questions and flashcards with hints and detailed explanations. Excel in your exam!

The term that refers to revenue amounts expected to be realized in cash during the fiscal year from known sources is indeed Miscellaneous Revenues Anticipated. This terminology is commonly used in municipal finance to describe specific revenue streams that have already been identified and are anticipated to be received within the fiscal period. These can include various sources such as fees, permits, or interest income that are predictable and have been consistently realized in past fiscal years.

Understanding this concept is essential for municipal finance officers as it helps in budget preparation and provides a clearer picture of the financial resources available to the municipality. It ensures that municipalities do not overestimate their revenues when planning, thereby assisting in maintaining fiscal responsibility and proper resource allocation. The clear identification and anticipation of such revenues is vital for effective financial management within local governments.

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