Reference no: EM133535159

Question

1. Scenario: The appropriation to the state library system (fiscal year starts July 1) for fiscal 2018 was $15 million. On December 31, 2017, its budget reports showed expenditures of $7.5 million and encumbrances outstanding of $500,000. Quarterly allotments were as follows: Q1: $3.75 million; Q2: $4.5 million; Q3: $3.75 million; and Q4: $3 million. What was the status of system operations at that point?

a) System operations were consistent with the plan; half the year had elapsed and half the money was spent.

B) System operations were over the plan by $250,000.

C) System operations were under plan by $750,000.

D) System operations were under plan by $250,000.

2. Which of the following does NOT describe a difference between budgeting in states and budgeting in the federal government?

Many states require a balanced budget each year; however, the federal government does not.

Most states provide pensions for their career employees; however, the federal government only requires that its employees participate in Social Security.

Many states pass a single appropriation/budget law; however, the federal government is expected to pass more than ten appropriation/budget bills.

Many states prepare biennial budgets; however, the federal government prepares an annual budget.

3. Which of the following statements about state budget processes is correct?

States normally spend through systems of entitlements instead of appropriations.

All states require biennial budgets.

Not all states have budget messages prepared by the governor.

All governors have line-item veto power.

4. Which of the following is a best practice used by budget analysts in review of agency budgets? Select all that apply.

Compare proposed budget with prior year and current year budget and actual expenditures to identify areas that may be reduced without great trouble

Ensure the work environment is suitable for budget, finance, and planning

Cut departments with "bad" reputations

Recommend repair and renovation rather than replacement of facilities

5. A continuing resolution enables an agency to do which of the following tasks?

Continue operations in a fiscal year, despite the fact that it overspent its appropriation for the prior fiscal year

Continue operations in a fiscal year, despite the fact that it overspent its appropriation for that fiscal year

Negotiate its appropriations between the House and the Senate

Continue operations in a fiscal year, despite the fact that it has received no appropriation for that year?