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GFOA CPFO Exam - 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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Kiera
5 months ago
I think they should control income and expenditure instead.
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Vivienne
5 months ago
Checking reserves makes sense too, though.
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Malcom
5 months ago
Wait, are they really just going to cut the budget? That seems harsh.
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Jean
5 months ago
Totally agree, it’s all about the bottom line!
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Ashton
5 months ago
They usually cut the next year's budget.
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Cherelle
6 months ago
I vaguely recall something about public involvement, but it doesn't seem directly related to under-spending. D feels off to me.
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Gregg
6 months ago
I practiced a question similar to this, and I think controlling income and expenditure is more about managing the budget rather than responding to under-spending. So, I lean towards B.
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Aimee
6 months ago
I'm not entirely sure, but I feel like checking reserves could be a common response too. A seems plausible.
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Annice
6 months ago
I remember discussing how under-spending can lead to budget cuts in the following year, so I think B might be the right choice.
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Angelyn
6 months ago
Ah, I see what they're getting at. The board would want to check the reserves for the next time, so I'll select A.
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Alida
6 months ago
Okay, let's see. If an agency under-spends its budget, the governing board would likely want to control the income and expenditure level, so I'll go with C.
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Dyan
6 months ago
Hmm, I'm not sure about this one. I'll have to think it through carefully before answering.
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Louis
6 months ago
This question seems straightforward, I think the answer is B - cutting the next year's budget accordingly.
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Dana
6 months ago
Okay, let me see... Water, CO2, and Halon are the three that come to mind as being used for these types of fires. I'll double-check my notes to make sure.
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Zachary
6 months ago
Hmm, I'm not too familiar with FTP configuration, but I think the key is to allow anonymous access and make sure the service is persistent across reboots. I'll need to review the steps carefully.
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Luisa
11 months ago
I'll take 'Obvious Traps' for 500, Alex. Seriously, who on earth would choose A?
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Janessa
9 months ago
Arlyne: I see your point, but maybe some agencies prefer to check reserves.
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Kattie
10 months ago
User 3: I agree with Kattie, it seems like the logical choice.
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Arlyne
10 months ago
User 2: Really? I would go with B, cutting the next year's budget.
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Florinda
10 months ago
User 1: I think some agencies might actually choose A.
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Melissia
11 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
10 months ago
C) Control the income and expenditure level
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Sommer
10 months ago
B) Cut the next year's budget accordingly
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Clay
10 months ago
A) Check the reserves for the next time
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Darnell
11 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
11 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
10 months ago
C) Control the income and expenditure level
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Scot
11 months ago
B) Cutting the budget seems unfair
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Vonda
11 months ago
A) Check the reserves for the next time
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Herman
12 months ago
I believe they should check the reserves for the next time before making any decisions.
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Nathalie
12 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
11 months ago
C) Control the income and expenditure level
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Tamala
11 months ago
B) Cut the next year's budget accordingly
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Ula
1 year ago
I agree with Arlene. It's a common practice to adjust budgets based on previous spending.
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Arlene
1 year ago
I think the governing board will cut the next year's budget accordingly.
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