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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12 days ago

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

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13 days 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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14 days ago

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

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16 days ago

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

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