encyclopedia

GOALS

1. In policy-making and planning, broad statements of directions in which planning or action is aimed; general value statements representing an ideal end that the community wishes to attain. 2. In transit operations, the general philosophy and desires of the…

GOVERNMENT FINANCE OFFICERS ASSOCIATION

The mission statement is to enhance and promote the professional management of governments for the public benefit by identifying and developing financial policies and best practices and promoting their use through education, training, facilitation of member networking, and leadership.

GOVERNMENTAL ACCOUNTING STANDARDS BOARD

The Board establishes and improves standards of state and local governmental accounting and financial reporting, resulting in useful information for users of financial reports, and educates the public, including issuers, and auditors, and users of those financial reports.

Governmental Funds

Two fund types are used to account for agencys governmental-type activities: the General Fund, and the Special Revenue Fund. See applicable descriptions under those terms.

GOVERNOR

1. A device that holds the speed of an engine approximately constant regardless of the load. 2. A device that keeps an engine from exceeding a predetermined speed. (TRB)