GFOA Budget exam questions with correct
answers
Which program encourages and assists "state and local governments to prepare budget
documents of the very highest quality?" - verified answers; Distinguished Budget
Presentation Awards Program (DBP)
How many criteria does the DBP have? - verified answers; 27
When was the DBP formed? - verified answers; 1984
Which document was created by the National Advisory Council on State and Local
Budgeting? - verified answers; Recommended Budget Practices, A Framework for
Improved State and Local Government Budgeting (RBP)
Which organization focuses on the budget document? - verified answers; DBP
Which organization focuses on the budget process? - verified answers; RBP
Which organization defines the budget process as "activities that encompass the
development, implementation, and evaluation of a plan for the provision of services and
capital assets?" - verified answers; RBP
Whose mission is "to help decision makers make informed choices about the provision
of services and capital assets to promote stakeholder participation in the process?" -
verified answers; RBP
How many principles, elements, and recommendations fall under the RBP? - verified
answers; 4 principles, 12 elements, and 59 recommendations
Where can you find the statutory requirements for local government budgets? - verified
answers; -Cities: Chapter 102 Local Government Code
-Counties: Chapter 111 Local Government Code
-Special Districts: Chapter 140 Local Government Code
-School Districts: Chapter 44 of State's education Code
According to Chapter 102, who is the budget officer? - verified answers; 1. City
Manager
2. Mayor if no City Manager
, According to Chapter 102, how often does a budget have to be prepared? - verified
answers; Annually
According to Chapter 102, how must the budget itemize expenditures? - verified
answers; a clear comparison between the proposed budget and prior year actuals
According to Chapter 102, the budget must include one of the following six items? -
verified answers; 1. The outstanding obligations (or debt)
2. the cash (Fund Balance) on hand to the credit of each fund
3. the funds received from all sources the preceding year
4. the funds available from all sources during the ensuring year
5. the estimated revenue available to cover the proposed budget
6. the estimated tax rate required to cover the proposed budget
when does the proposed budget need to be filed with the municipal clerk? - verified
answers; 30 days prior to the date of the council vote on the proposed tax rate and levy
If the property tax raises even a $1, what must be included in the budget? - verified
answers; a cover sheet in 18-point or larger font that says "This budget will raise more
total property taxes than last year's budget"
When must the city hold a public hearing on the proposed budget? - verified answers;
no sooner than 15 days before the filing
how much the public hearing be advertised? - verified answers; in at least one
newspaper in general circulation in the county?
what is the most important aspect of a budget? - verified answers; That it reflects the
goals and policies of an organization.
What is the first area that receives attention from both the DBP and RBP? - verified
answers; The vision
What is the first criterion of the DBP award program? - verified answers; The document
should include a coherent statement of organization-wide strategic goals and strategies
that address long-term concerns and issues.
what is the RBP's first foundational principle? - verified answers; A government should
have broad goals that provide the overall direction for the government and serve as a
basis for decision making.
What are the 5 levels of the goals pyramid? - verified answers; 1. Vision
2. Mission
3. Organizational goals
4. Organizational Policies
5. Budget Initiative
answers
Which program encourages and assists "state and local governments to prepare budget
documents of the very highest quality?" - verified answers; Distinguished Budget
Presentation Awards Program (DBP)
How many criteria does the DBP have? - verified answers; 27
When was the DBP formed? - verified answers; 1984
Which document was created by the National Advisory Council on State and Local
Budgeting? - verified answers; Recommended Budget Practices, A Framework for
Improved State and Local Government Budgeting (RBP)
Which organization focuses on the budget document? - verified answers; DBP
Which organization focuses on the budget process? - verified answers; RBP
Which organization defines the budget process as "activities that encompass the
development, implementation, and evaluation of a plan for the provision of services and
capital assets?" - verified answers; RBP
Whose mission is "to help decision makers make informed choices about the provision
of services and capital assets to promote stakeholder participation in the process?" -
verified answers; RBP
How many principles, elements, and recommendations fall under the RBP? - verified
answers; 4 principles, 12 elements, and 59 recommendations
Where can you find the statutory requirements for local government budgets? - verified
answers; -Cities: Chapter 102 Local Government Code
-Counties: Chapter 111 Local Government Code
-Special Districts: Chapter 140 Local Government Code
-School Districts: Chapter 44 of State's education Code
According to Chapter 102, who is the budget officer? - verified answers; 1. City
Manager
2. Mayor if no City Manager
, According to Chapter 102, how often does a budget have to be prepared? - verified
answers; Annually
According to Chapter 102, how must the budget itemize expenditures? - verified
answers; a clear comparison between the proposed budget and prior year actuals
According to Chapter 102, the budget must include one of the following six items? -
verified answers; 1. The outstanding obligations (or debt)
2. the cash (Fund Balance) on hand to the credit of each fund
3. the funds received from all sources the preceding year
4. the funds available from all sources during the ensuring year
5. the estimated revenue available to cover the proposed budget
6. the estimated tax rate required to cover the proposed budget
when does the proposed budget need to be filed with the municipal clerk? - verified
answers; 30 days prior to the date of the council vote on the proposed tax rate and levy
If the property tax raises even a $1, what must be included in the budget? - verified
answers; a cover sheet in 18-point or larger font that says "This budget will raise more
total property taxes than last year's budget"
When must the city hold a public hearing on the proposed budget? - verified answers;
no sooner than 15 days before the filing
how much the public hearing be advertised? - verified answers; in at least one
newspaper in general circulation in the county?
what is the most important aspect of a budget? - verified answers; That it reflects the
goals and policies of an organization.
What is the first area that receives attention from both the DBP and RBP? - verified
answers; The vision
What is the first criterion of the DBP award program? - verified answers; The document
should include a coherent statement of organization-wide strategic goals and strategies
that address long-term concerns and issues.
what is the RBP's first foundational principle? - verified answers; A government should
have broad goals that provide the overall direction for the government and serve as a
basis for decision making.
What are the 5 levels of the goals pyramid? - verified answers; 1. Vision
2. Mission
3. Organizational goals
4. Organizational Policies
5. Budget Initiative
