GFOA Exam CPFO Topic 3 Question 75 Discussion

Actual exam question for GFOA's CPFO exam

Question #: 75
Topic #: 3

[All CPFO Questions]

An all too familiar axiom is ''either spend it or lose it.'' When an agency under-spends its budget, the governing board is inclined to:

ACheck the reserves for the next time

BCut the next year's budget accordingly

CControl the income and expenditure level

DCall the general public to play their proper role

Show Suggested Answer

Suggested Answer: D

by Roosevelt at Oct 08, 2023, 04:06 PM

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Luisa

1 months ago

I'll take 'Obvious Traps' for 500, Alex. Seriously, who on earth would choose A?

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Florinda

13 days ago

User 1: I think some agencies might actually choose A.

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Melissia

1 months ago

D? Calling the general public? Good luck with that, they're probably too busy binge-watching cat videos to care about the budget.

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Sommer

4 days ago

B) Cut the next year's budget accordingly

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Clay

6 days ago

A) Check the reserves for the next time

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Darnell

1 months ago

C? Controlling the income and expenditure level? Sounds like a boring accountant's dream. Where's the excitement?

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Yvonne

1 months ago

B? Cutting the budget? That's like punishing the agency for being responsible. What kind of twisted logic is that?

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Francis

20 days ago

C) Control the income and expenditure level

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Scot

1 months ago

B) Cutting the budget seems unfair

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Vonda

1 months ago

A) Check the reserves for the next time

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Herman

2 months ago

I believe they should check the reserves for the next time before making any decisions.

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Nathalie

2 months ago

A? Really? That's just asking for trouble! Might as well light a match and throw it into a pile of cash.

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Tamala

1 months ago

C) Control the income and expenditure level

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Tamala

1 months ago

B) Cut the next year's budget accordingly

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Ula

2 months ago

I agree with Arlene. It's a common practice to adjust budgets based on previous spending.

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Arlene

2 months ago

I think the governing board will cut the next year's budget accordingly.

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