Governmental Extraordinary Items

https://www.youtube.com/watch?v=Dr-LZhkmRYYLinks to an external site.
Extraordinary items are those items (gains or losses) that are both unusual in nature and infrequent in occurrence. Special items are either unusual in nature or infrequent in occurrence, but not both. Special items also differ from extraordinary items in that they are within the control of management. Both types of items are reported as separate line items below General Revenues in the statement of activities.
QUESTION 1: How might a citizen become involved in the local government budgeting process?
QUESTION 2: Explain the difference between an expenditure and an expense.Tuesday – Governmental Extraordinary Items
process?

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