Exam 12: Developing Line-Item, Functional, and Program Budgeting Systems

List and explain the four steps involved in the creation of a line-item budget.

The first step in developing either a functional or program budgeting system is the creation of a line-item budget that identifies all anticipated revenues and proposed expenses. The second step in the process includes which of the following:

Each category of ________ and ________ is operationally defined to provide guidance and ensure uniformity in the treatment of budget items.

___________ budgets are characterized by the use of standardized budget formats, common budget definitions and a structured budgetary process.

Indirect costs are those items of expense proposed to be incurred for two or more programs. Which of the following is NOT an example of indirect costs?

Every item of proposed expense can be classified as either direct cost or an indirect cost. Which of the following is NOT an example of direct costs?

If your program has a total of 150 clients enrolled in your 8 week parenting program, what might you select as you final output measure:

The cost allocation methodology is used in allocating direct costs to a program. Which of the following is NOT a methodology used in cost allocation?

The cost allocation plan format is the primary document used to derive a functional or program budget from a line-item budget.

Indirect costs typically include all EXCEPT which of the following?

Functional budgeting systems are concerned with which of the following:

The use of the term "other operating costs" is used to those items of cost in a line-item budget that are not salary and wage related and tend to be indirect costs. Which of the following is NOT an example of other operating costs?

Line-item budgeting systems are characterized by the use of all EXCEPT which of the following:

Functional budget systems differ because they focus on outputs while program budgeting systems focus on outcomes.

Because both functional and program budgeting systems are concerned with determining the total cost of the program operated by a human service agency, they have implementation steps in common. Which of the following steps is NOT part of either the functional or program budgeting process?

Functional budgeting systems are concerned with the outputs, efficiency and productivity of a human service agency's programs. 1) Define "functional budget system"; 2) Describe the categories of interest in a functional budget; 3) Give an example for each of the categories of interest.

The expense category of employee-related expenses would be operationally defined. Which of the following is NOT considered an employee-related expense?

Define "Indirect costs", give at least three examples of costs that are considered indirect costs, and explain how an indirect cost get allocated to programs.