PA 581 Quiz Week 3 Keller
PA 581 Quiz Week 3 Keller
PA 581 Quiz Week 3 Governmental Budgeting and Finance Keller
(TCO A) Which of the following statements describes the relationship among federal, state, and local governments?
Local governments are closest to the people and have only those powers granted to them by the state
States receive all of their powers from their state constitution
The states have residual powers that are implied for local government
The federal government does not have residual powers that are implied for the states
(TCO A) Logrolling is the process where:
An appropriation is made to fund localized projects secured solely or primarily to bring money to a representative’s district
One legislator trades a vote on one issue in exchange for the vote of another legislator on a separate issue
Campaign contributions are used to secure a legislator’s vote on a particular issue
Media campaigns are initiated by special interest groups to sway public opinion on an issue
(TCO B) Current-dollar government purchases were $1,500 billion in 2010. With 2000 as the base year , assume the price deflator for 2010 is 175 (or, 1.75 if you don’t multiple by 100). In real dollars, the year 2000 government purchases would be which of the following (rounded to the nearest billion)?
(TCO B) Current-dollar government purchases were $1,250 billion in 2010. With 2000 as the base year , assume the price deflator for 2010 is 175 (or, 1.75 if you don’t multiple by 100). In real dollars, the year 2000 government purchases would be which of the following (rounded to the nearest billion)? (Points : 4)
(TCO C) The largest portion of local government expenditures is:
Police and corrections
Parks and recreation
Streets and roads
Elementary and secondary education
(TCO C) Appropriation to the State Library System (fiscal year starts July 1) for fiscal year 201x was $24,000,000.
Q1 – $5,750,000
Q2 – $7,000,000
Q3 – $5,250,000
Q4 – $6,000,000
|(TCO C) Appropriation to the State Library System (fiscal year starts July 1) for fiscal year 201x was $21,500,000. Quarterly allotments were as follows:Q1 – $4,250,000 Q2 – $5,500,000 Q3 – $5,750,000 Q4 – $6,000,000 On December 31, 201X, budget reports showed expenditures of $8,750,000 and encumbrances of $600,000. Taking encumbrances into consideration, what is the status of Library System spending as of December 31? (Points : 4)|
Operations were fully consistent with plan Over plan by $400,000 Under plan by $400,000 Under plan by $800,000 On December 31, 201X, budget reports showed expenditures of $12,500,000 and encumbrances of $800,000. Taking encumbrances into consideration, what is the status of Library System spending as of December 31?
Operations were fully consistent with plan
Over plan by $550,000
Under plan by $550,000
Under plan by $650,000
(TCO B) List and describe the four basic elements of the president’s budget.
The four basic elements to the president’s budget are the budget message, several summary schedules, detail schedules, and…
(TCO A) Name and describe the major steps in the executive budget preparation process.
Here are the major steps in the executive budget preparation process. The first one is a timetable or…
(TCO B) Here are the annual personal benefits of a proposed Dog Romp Zone (DRZ) as perceived by Ann (A), Bob (B), and Chris (C):
The overall annual total cost of the DRZ is $900. Does the DRZ represent a potential Pareto improvement? Incorporating numbers into your answer, say why or why not. (4 points) Suppose each individual will be assessed an equal share of the annual total cost. Will the project be approved in a majority-rule voting process? Incorporating numbers into your answer, explain why or why not. (8 points) Devise a cost-allocation scheme for A, B, and C that would ensure passage of the proposal in a majority-rule voting process. Explain why your scheme would work. (8 points)
Individual Benefit Cost Share Differential 1 500 300 200 2 250 300 -50 3 200 300 -100 Total 950 900 50 This project is economically feasible…
(TCO B) Define and describe the following budget terms:
- Budget Cycle
- Executive Preparation
- Legislative Consideration
- Audit and Evaluation (20 points)
The following budget terms are as described; The Budget Cycle is the recurring of events in a budgeting process and the…
(TCO C) A state game and fish agency wants to invest in a new fish hatchery. It is estimated that the cost of operating the system will be $2,000,000 per year after a one-time installation cost of $5,000,000 is incurred. The construction period will be one year. Once the plant is constructed and in operation, community benefits are estimated at $4,000,000 per year. The system would be financed by a property tax increment placed on the business and residential sectors. (6 points) Without considering interest rates and discounting, how long will it take for the community to “break even” on this venture? SHOW ALL WORK. (4 points) What might be defensible logic behind using revenues from fishing licensing and fines from violators of fishing regulations, for the financing mechanism as compared to, say, a sales tax? (4 points) Write a brief one-paragraph budget justification to support this project. [NOTE: I refer to the statement on Page 175 of the text, to wit. “Well-developed budget justifications are the key to successful agency budget requests.”] (4 points)
The first year expense = one time installation cost of 5,000,000 + the…
PA 581 Case Analysis: U.S. Budget Week 4 Keller Prepare an analysis of funding levels for the U.S. Government and its Department of Education, identify trends as you look at the 2009 actual, and 2010 and 2011 amounts for outlays and receipts, and relationship to the Gross Domestic Product (GDP), and present a clear and concise conclusion that recaps the highlights of the documents with final remarks.
To stabilize the financial system, the government undertook a comprehensive, forceful and sustained commitment by cleaning up legacy assets and jumpstarting the provision of new credit. This was expected to help build the people’s confidence in financial institutions and markets. It has also succeeded to the extent that small institutions have received the…