Municipal Budget Process Exam
Questions and Answers Graded A+
Line Based budget , Planning Programming budget system, and Zero Based budget
- Correct answer-What are the types of Budgeting?
Budget preparation, revenue estimate, expenditure analysis, Annual Financial
Statement, Annual Debt statement, Supplemental debt statement , and cash flow
advise - Correct answer-What are some CMFO responsibilities?
Financial control, policy instrument, management tool, and Economic tool -
Correct answer-What is the purpose of the budget?
Current fund, trust fund, General capitol, and utility fund - Correct answer-What
are the types of funds?
Revenue and Appropriations - Correct answer-What are the 2 sides of the budget?
Consolidated municipal property tax relief, ABC fees, Fees and permits, court fees,
parking meter collections, Payment in lieu of taxes, interest on investments, cell
tower rental - Correct answer-What are examples of Revenue?
Everything you spend money on - Correct answer-What are appropriations?
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
Questions and Answers Graded A+
Line Based budget , Planning Programming budget system, and Zero Based budget
- Correct answer-What are the types of Budgeting?
Budget preparation, revenue estimate, expenditure analysis, Annual Financial
Statement, Annual Debt statement, Supplemental debt statement , and cash flow
advise - Correct answer-What are some CMFO responsibilities?
Financial control, policy instrument, management tool, and Economic tool -
Correct answer-What is the purpose of the budget?
Current fund, trust fund, General capitol, and utility fund - Correct answer-What
are the types of funds?
Revenue and Appropriations - Correct answer-What are the 2 sides of the budget?
Consolidated municipal property tax relief, ABC fees, Fees and permits, court fees,
parking meter collections, Payment in lieu of taxes, interest on investments, cell
tower rental - Correct answer-What are examples of Revenue?
Everything you spend money on - Correct answer-What are appropriations?
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1