Copy of ESP Chapter 15 - Questions - Sheet1 Flashcards Preview

12. Effective Supervisory Practices > Copy of ESP Chapter 15 - Questions - Sheet1 > Flashcards

Flashcards in Copy of ESP Chapter 15 - Questions - Sheet1 Deck (44):
1

governments most important financial responsibility

annual budget

2

what establishes plans and priorities for service

annual budget

3

budget process takes __ to __ months

3 to 6

4

budget serves 3 functions

control, management, planning

5

response time is a __ __ - indicator used to track performance

performance measure

6

budget reflects major __ and __ objectives set by elected officials

program and policy

7

management uses budget to

manage and control

8

__ gives you authority to operate

budget

9

all gov't has 2 separate budgets

operating and capital

10

operating budget

revenue estimates and planned expenditures

11

capital budget

revenue sources and planned expenditures for capital items

12

capital items

more costly, nonrecurring, useful life longer than 1 yr

13

line item budget has 2 expenditure categories

salaries and other expenses

14

most traditional form of budgeting

line item budget

15

budget widely used by smaller government

line item budget

16

budget organized by major activities

program budget

17

program budget focuses on __ rather than what gov't is buying

what gov't is trying to achieve by providing services

18

__ budget used when have grant funded activities that cross department lines

program

19

__ budget is organized according to work to be accomplished in each program and cost

performance budget

20

__ budget is similar to program budget but lists costs for amount of work done

performance

21

least common type of budget

zero based budget

22

budget that ranks each service level and costs

zero based budget

23

zero based budget negatives

staff and time commitment to prepare

24

capital budget is drawn from

capital improvement plan

25

is capital budget separate/included in operating budget

included as section of operating budget

26

capital improvement plan

multiyear plan for purchasing and financing of major equipment/facilities

27

how often is capital budget published

each year - explains spending for 1st year of CIP

28

Capital Outlay

section in budget where capital items listed - if don't have CIP

29

what's in budget document

budget message, revenue estimates, program expenditures, mission statements and goals

30

revenue estimates - include info from __ preceding years for __

1-2 years, for trends

31

who outlines standardized budget terms

Government Finance Officers Association

32

budget planning starts when

5 months before beginning of fiscal year

33

who defines broad goals and guiding principles for dept budget

government manager

34

__ months before new fiscal year, departmental budget is submitted

4 months

35

3 guidelines for preparing budget requests

keep simple, provide detail, separate capital from operating

36

capital items are used more than __ yr, and usually __ or more years

1 yr, 3 yrs

37

for capital items, you should differentiate between __ vs __

replacement vs new

38

for new capital items, it should be related to __ or __ of service

new or expansion

39

is preliminary budget balanced

no - expenditures usually exceed revenues

40

after the __ __ __, the budget is sent to elected officias

internal budget review

41

you receive a monthly or quarterly budget report, to help you...

monitor how much you spent so far

42

budget is a tool used to__ __ __ how tax money is spent

control, manage, plan

43

budget helps dept meet __ and __

goals and objectives

44

use the budget process to...

highlight accomplishments of unit