Cgfm final exam - Study guides, Class notes & Summaries

CGFM Final Exam 1 Practice Questions With Correct and Verified Answers 2023 (Graded A+) Authorization - ANSWER-Legislative enactment that approves programs; prescribes what activities an agency may pursue if funding is available Block Grant - ANSWER-One type of formula grant. Block grants combine several service categories into one grant and, thus, allow maximum flexibility to the grantee to use the funds to meet local needs Capital Budget - ANSWER-Forecasts and controls spending for "big-...

Governments exist to provide services - no profit motive, no single measure of success Primary funding source = - taxes (involuntary payments, because there is no ability to match services to those who provide the resource) Budget process = - primary control device in government US Constitution provides two levels of government - Federal and State State consitituions similar in that each defines the excutive and legislative braches, establishes political offices, and defines how local gove...

CGFM Exam: Section 1, Chapter 1 Questions and Answers Already Passed Difference between a budget in public vs. private sector? Public sector = Law/Private sector = benchmark for performance and goals for growth Primary control device in Govt? budget Financial Reports primary mechanism by which public officials are able to demonstrate accountability. They show how much was raised, how it was spent, and whether spending was in compliance with the budget. State Authority All the powers not set f...

CGFM Final Exam 2023 I1. A significant difference between special-purpose and general-purpose governments is that general-purpose governments - CORRECT ANSWER-Correct Answer: perform multiple functions, while special-purpose governments are typically formed to perform one or two specific functions. I2. A commission that manages water and sewer services for several counties is an example of a - CORRECT ANSWER-Correct Answer: jointly-governed organization. I3. A county commission meets ...

CGFM Practice Exam Test 2023 Governments exist to provide services - CORRECT ANSWER-no profit motive, no single measure of success Primary funding source = - CORRECT ANSWER-taxes (involuntary payments, because there is no ability to match services to those who provide the resource) Budget process = - CORRECT ANSWER-primary control device in government US Constitution provides two levels of government - CORRECT ANSWER-Federal and State State consitituions similar in that each defines t...

CGFM EXAM 2 FINAL COMPLETE SOLUTION GUIDE 2022

CGFM EXAM 2 FINAL COMPLETE SOLUTION GUIDE 2022