GFOA Exam CPFO Topic 4 Question 105 Discussion

Actual exam question for GFOA's CPFO exam

Question #: 105
Topic #: 4

[All CPFO Questions]

States require that:

ALocal units adopt balanced budgets but are silent about year-end balances

BStrategic planners first conduct SWOT analysis

CThe Governor makes across-the-Board cuts

DNone of there

Show Suggested Answer

Suggested Answer: C

by Ciara at Jan 11, 2025, 09:30 AM

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1 days ago

But A) makes more sense because it ensures financial stability

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3 days ago

I disagree, I believe the answer is B)

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4 days ago

I think the answer is A)

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6 days ago

Option A seems too good to be true. No way states would let local units have year-end balances, that's like letting a kid have cookies before dinner!

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