revenue anticipation notes

简明释义

预期税捐本票

英英释义

例句

1.By issuing revenue anticipation notes, the municipality can manage its budget more effectively during economic downturns.

通过发行收入预期票据，市政当局可以在经济下滑期间更有效地管理预算。

2.The county's finance department recommended the issuance of revenue anticipation notes to address immediate operational costs.

县财政部门建议发行收入预期票据以解决即时运营成本。

3.The city issued revenue anticipation notes to cover the short-term cash flow needs until tax revenues are collected.

该市发行了收入预期票据以满足短期现金流需求，直到税收收入到账。

4.Investors are attracted to revenue anticipation notes due to their relatively low risk and stable returns.

投资者对收入预期票据感兴趣，因为它们风险相对较低且回报稳定。

5.The school district plans to use revenue anticipation notes to fund new educational programs while waiting for state funding.

学区计划使用收入预期票据来资助新的教育项目，同时等待州政府的资金。

作文

In the world of finance, various instruments are used to manage cash flow and fund projects. One such financial instrument is known as revenue anticipation notes. These notes are short-term debt securities issued by municipalities or other governmental entities in anticipation of future revenues. The primary purpose of revenue anticipation notes is to provide immediate funding to cover expenses until the expected revenue is received. This can be particularly useful for local governments that need to bridge the gap between the timing of expenditures and the inflow of tax revenues or other income sources.To understand how revenue anticipation notes work, it's essential to consider the typical cash flow cycle of a government entity. Municipalities often face situations where they incur expenses ahead of receiving revenue from taxes, grants, or other sources. For example, a city might need to pay for public services like police and fire protection at the beginning of the fiscal year, but the bulk of its tax revenue may not be collected until later in the year. In this scenario, the city can issue revenue anticipation notes to raise the necessary funds to meet its immediate obligations.The issuance of revenue anticipation notes involves several steps. First, the issuing authority must determine the amount of money needed and the timeframe in which it expects to receive the anticipated revenues. Once this is established, the municipality can sell these notes to investors, promising to repay them with interest once the expected revenues are received. The interest rates on revenue anticipation notes are typically lower than those of long-term bonds, making them an attractive option for short-term funding needs.Investors in revenue anticipation notes are usually attracted to the relatively low risk associated with these securities, especially when they are backed by the taxing power of the municipality. Since these notes are often secured by specific revenue streams, such as sales taxes or property taxes, investors have some assurance that they will be repaid. However, like all investments, there are risks involved. If the anticipated revenues do not materialize as expected, the issuing authority may face difficulties in repaying the notes, potentially leading to financial distress.In conclusion, revenue anticipation notes play a crucial role in the financial management of governmental entities. They provide a mechanism for municipalities to manage their cash flow effectively, ensuring that they can meet their obligations while waiting for revenue collections. Understanding the purpose and function of revenue anticipation notes is essential for anyone interested in public finance or municipal budgeting. As governments continue to face budgetary pressures and fluctuating revenues, instruments like revenue anticipation notes will remain vital tools in their financial arsenals.

在金融世界中，各种工具被用来管理现金流和资助项目。其中一种金融工具被称为收入预期票据。这些票据是由市政当局或其他政府实体发行的短期债务证券，目的是为了预期未来的收入。收入预期票据的主要目的是提供即时资金，以覆盖支出，直到预期的收入到达。这对于需要弥补支出时间与税收收入或其他收入来源流入之间差距的地方政府尤其有用。要理解收入预期票据的运作方式，首先必须考虑政府实体的典型现金流周期。市政当局常常面临在收到税款、拨款或其他来源的收入之前就发生支出的情况。例如，一个城市可能需要在财政年度开始时支付公共服务费用，如警察和消防保护，但其大部分税收收入可能要到年度后期才能收集。在这种情况下，该市可以发行收入预期票据以筹集必要的资金，以满足其即时义务。发行收入预期票据涉及几个步骤。首先，发行当局必须确定所需金额及其预计收到预期收入的时间框架。一旦确定后，市政当局可以将这些票据出售给投资者，承诺在预期收入到达后连本带息偿还他们。收入预期票据的利率通常低于长期债券，使其成为短期资金需求的有吸引力的选择。投资者通常对收入预期票据感兴趣，因为这些证券相对低风险，尤其是当它们由市政当局的征税权力支持时。由于这些票据通常由特定的收入流（如销售税或财产税）担保，投资者对能否偿还有一定的保证。然而，像所有投资一样，存在风险。如果预期收入未能如预期那样实现，发行当局可能会面临偿还票据的困难，可能导致财务困境。总之，收入预期票据在政府实体的财务管理中发挥着至关重要的作用。它们提供了一种机制，使市政当局能够有效地管理现金流，确保在等待收入收集的同时能够履行义务。理解收入预期票据的目的和功能对于任何对公共财政或市政预算感兴趣的人来说都是至关重要的。随着政府继续面临预算压力和收入波动，像收入预期票据这样的工具将仍然是它们财务武器库中的重要工具。