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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:

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Suggested Answer: D

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

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Luisa
2 months ago
I'll take 'Obvious Traps' for 500, Alex. Seriously, who on earth would choose A?
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Janessa
15 days ago
Arlyne: I see your point, but maybe some agencies prefer to check reserves.
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Kattie
28 days ago
User 3: I agree with Kattie, it seems like the logical choice.
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Arlyne
30 days ago
User 2: Really? I would go with B, cutting the next year's budget.
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Florinda
1 months ago
User 1: I think some agencies might actually choose A.
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Melissia
2 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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Royal
22 days ago
C) Control the income and expenditure level
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Sommer
1 months ago
B) Cut the next year's budget accordingly
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Clay
1 months ago
A) Check the reserves for the next time
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Darnell
2 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
2 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
2 months ago
C) Control the income and expenditure level
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Scot
2 months ago
B) Cutting the budget seems unfair
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Vonda
2 months ago
A) Check the reserves for the next time
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Herman
3 months ago
I believe they should check the reserves for the next time before making any decisions.
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Nathalie
3 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
2 months ago
C) Control the income and expenditure level
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Tamala
2 months ago
B) Cut the next year's budget accordingly
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Ula
3 months ago
I agree with Arlene. It's a common practice to adjust budgets based on previous spending.
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Arlene
3 months ago
I think the governing board will cut the next year's budget accordingly.
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