Which type of revenue is expected to be realized from sources capable of anticipation?

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

The concept of revenues being "realized from sources capable of anticipation" refers to the process of forecasting certain income streams that can be reasonably predicted based on historical data or established patterns. In this context, "Miscellaneous Revenues Anticipated" encompasses income that can vary but is still expected to be received, often derived from various smaller or less predictable sources.

These revenues are typically included in a municipality's budget as they represent funds that, although not guaranteed like property taxes, can be anticipated based on prior years' receipts and various economic indicators. Therefore, referring to these revenues as "anticipated" signifies that while they may not be as stable as more predictable taxes or fees, they are still thought to have a sound basis for estimation, making them an integral part of the budget process.

By contrast, the other options either reflect broader categories or do not specifically align with the notion of anticipation tied to variable sources. For example, "Anticipated Revenues" could be interpreted more generally without the specific reference to miscellaneous sources, while "Projected Revenues" tends to focus on broader revenue estimates. "General Fund Revenues" encompasses all funds used for general operating purposes, thus lacking the specificity regarding anticipation from variable sources.

Overall, identifying "

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy