CHFM Finance and Administration Questions and Answers

CHFM Finance and Administration
Questions and Answers
WhatAdoesAtheAacronymAFTEAstandAfor?A-AAnswerAFullATimeAEquivalent


WhatAareAtheAnumberAofAhoursAthatAmakeAupAanAFTE?A-
AAnswerA40AhoursAperAweek;A2080AhoursAperAyear


40AhoursAperAweekAxA52AweeksA=A2,080Ahours


WhatAareAbudgetedAhours?A-
AAnswerABudgetedAhoursAareAestimatedAhoursAthatAanAemployeeAworksAperApayAperiodAinAaApar
ticularAassignmentArestrictedAbyAtheAplannedAexpenditureAforAaAfiscalAyear.


HowAisAovertimeAdefined?A-
AAnswerAOvertimeAisAdefinedAasAgreaterAthanA40AhoursAperAweekAorAgreaterAthanA2,080AhoursA
perAyear.


WhoAisAeligibleAforAovertimeAunderAtheAFairALaborAStandardsAActA(FLSA)?A-AAnswerANon-
exemptAEmployeeA


ExemptAemployeeA(salaried,AnotAeligibleAforAovertime)ANon-
exemptAemployeeA(eligibleAforAovertime)Aeligibility,ArecordkeepingAandAchildAlaborAstandardsAaffect
ingAfull-timeAandApart-
timeAworkersATheAFairALaborAStandardsAActA(FLSA)AisAaAfederalAlawAwhichAestablishesAminimumA
wage,AovertimeApayAsectorAandAinAfederal,AstateAandAlocalAgovernments.


WhatAisAtheAdefinitionAofAproductiveA-
AAnswerAProductiveAtimeAincludesAactualAhoursAworked.AThisAincludesAtrainingAhours,AovertimeAho
urs,AmeetingAtime,AworkAorderAentryAtime,AfieldAserviceAwork,Aetc.


WhatAisAtheAdefinitionAofAnon-productiveAtime?A-AAnswerANon-
productiveAtimeAincludesAvacationAtimeAorApaidAtimeAoffA(PTO),AsickAtime,AholidaysAandAleaveAofA
absence.


HowAmanyApaidAFTE'sAwouldAbeArequiredAforAtwoAeightAhourAshiftsAforAsevenAdaysAassumingA10
%Anon-productiveAtime?A-AAnswerA3.08AFTE's

, 2AemployeesAxA8AhoursAxA7Adays=112AhoursA

112AhoursAxA.10Anon-productiveAhoursA=A11.2AhoursA
112AhoursA+A11.2AhoursA123.2AhoursA
123.2AhoursA/40AhoursAperAweek=A3.08AFTEs


ListAwhatAisAincludedAinAcapitalAcosts.A-AAnswerAEquipmentAcostA

RenovationAcostA
NewAconstructionAcostA


OrganizationsAsetAaAcapitalAthresholdAtoAdetermineAbetweenAcapitalAandAoperatingAexpense.AThisAt
hresholdAvariesAbyAinstitution


ListAwhatAincludedAinAoperatingAcosts.A-AAnswerASalariesA&AbenefitsA
UtilitiesAcostA

SuppliesA
ServiceAcontractsA
RepairsA&Amaintenance


WhatAisAtheAformulaAforAFacilityAConditionAIndexA(FCI)AthatAisAusedAtoAdemonstrateAtheAfinancialA
efficiencyAofAaAbuildingArepairAorArenovation?A-
AAnswerAFCIA=ASumAofADeficienciesAorANecessaryARepairsA
ACurrentAReplacementAValueA($)


HowAdoAyouAcalculateAFacilityAConditionAIndexA(FCI)AifAyourAneededArepairsAareA$4AmillionAandAt
heAcurrentAreplacementAvalueAisA$20Amillion?A-
AAnswerA$4,000,000AinAneededArepairsA=AFCIA.20AorA20%
$20,000,000AinAcurrentAreplacementAvalueA


FCI=ASumAofADeficienciesAorANecessaryARepairsA($)

ACurrentAReplacementAValueA($)


IdentifyAallAcomponentsAofAtheAfollowingAformula:A

ALCCA=AC+AMA+AE+R-SA-AAnswerALCCA-ALife-CycleACostA
C-ACapitalAcostA