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GFOA Exam CPFO Topic 4 Question 71 Discussion

Actual exam question for GFOA's CPFO exam
Question #: 71
Topic #: 4
[All CPFO Questions]

Line-Item Budget is more appropriate for:

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Suggested Answer: A

by Deeanna at Jul 03, 2023, 06:19 AM

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Earleen
3 months ago
Wait, there's more than one way to budget? I thought we just threw darts at a wall to decide where the money goes. This 'line-item' thing sounds way too organized for my liking.
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Dorthy
1 months ago
D) Both A and C
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Eric
1 months ago
C) Small and local Governments
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Veronika
2 months ago
B) Federal Governments
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Isaiah
2 months ago
A) Non-profits
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Bettyann
3 months ago
Personally, I'm more of a fan of the 'spend-as-you-go' approach, but I guess the line-item budget has its merits. Maybe we can add a few line items for 'office supplies' and 'team-building activities'.
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Wilburn
2 months ago
I think line-item budgeting is crucial for federal governments to track spending accurately.
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Teri
2 months ago
B) Federal Governments
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Nieves
2 months ago
That sounds like a good idea, we can allocate specific funds for those items.
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Santos
2 months ago
D) Both A and C
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Alexia
3 months ago
A) Non-profits
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Bettina
4 months ago
D, both A and C, for sure. Line-item budgets help keep things organized, whether you're running a cozy non-profit or a small town's affairs.
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Horace
2 months ago
Definitely, it helps ensure that funds are allocated properly and efficiently.
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Felix
2 months ago
It's important to have that level of detail in budgeting for better transparency and accountability.
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Truman
2 months ago
I agree, line-item budgets are great for both non-profits and small governments.
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Tequila
4 months ago
Ah, the age-old debate of budgeting styles! I'm sure the non-profits would appreciate the flexibility of a line-item budget, but the federal government might need something a bit more robust.
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Dominque
4 months ago
I think the line-item budget is more suitable for small and local governments. They have limited resources and need to keep a close eye on their spending.
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Donte
4 months ago
But what about small and local governments? Don't they also benefit from Line-Item Budget?
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Apolonia
4 months ago
I agree with Janey, non-profits need detailed budgeting.
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Janey
4 months ago
I think Line-Item Budget is more appropriate for non-profits.
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Kristine
4 months ago
I believe it can also be useful for small and local governments to ensure transparency in spending.
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Melodie
4 months ago
I agree with Francis, it helps in tracking expenses more accurately.
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Francis
4 months ago
I think Line-Item Budget is more appropriate for non-profits.
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