Exam 12: Budgeting and Performance Measurement

Describe what is meant by the direct costs of a program (for example, a fire prevention program) and why it is important to distinguish direct costs from indirect costs.

Which of the following is not a typical step in the budgeting process for a state or local government?

Which of the following is not one of the criteria for an allowable cost under a federal grant?

Budget appropriations for governmental funds ordinarily cover only one year, while capital budgets are often multi-year.

Are governments required to report their budgets externally? Explain.

Which of the following statements is not True?

Which of the following statements regarding government budgets is not True?

Balanced scorecards integrate all of the following into a document that can be shared with employees and stakeholders except:

Despite its initial popularity, service efforts and accomplishments reporting has lost favor in recent years.

Service efforts and accomplishments measures suffer from the same problem as line-item or object-of-expenditures budgeting; that is, focusing only on resource inputs while ignoring outputs and outcomes of governmental activities.

For each of the following definitions, indicate the key term from the list that best matches by placing the appropriate definition. A. Efficiency measures B. Effectiveness measures C. Planning-programming-budgeting system D. Zero-based budgeting E. Program budgeting F. Flexible budgeting G. Incremental budgeting H. Budget calendar ________ 1. A budget in which each activity and the amounts of resources requested for each activity must be justified each year ________ 2. A budget that is derived from the current year budget by adding or subtracting amounts expected to be required by line-items ________ 3. A budgeting approach that integrates various elements of planning for programs ________ 4. Measures that relate efforts to accomplishments ________ 5. A budget in which resource inputs and service outputs are identified by programs

State and local governments and not-for-profit organizations that receive grants or contracts from the federal government should charge costs of these grants or contracts in conformity with:

Explain how strategic planning, budgeting, and performance measurement can be integrated in a government and why this integration is desirable.

In governments, the budget has always played a role in external financial reports through the required budget-to-actual comparison schedules or statements for those funds that have a legally approved budget.

Cash disbursement budgets:

To determine which costs are allowable for charging to a federal assistance program, accountants and auditors refer to the GASB cost circular.

The number of lane-miles of road repaired to a specified minimum condition is an example of an:

In budgeting revenues, state and local government administrators should:

Service efforts and accomplishments (SEA) information:

Explain what is required to develop an effective total quality management (TQM) program for a government.