ACC Budget & Resource Management Flashcards
6 cards from real ACC practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 ACC Budget & Resource Management flashcards as text
When preparing an annual activity department budget, an activity consultant should first:
Answer: Review prior year expenditures and program outcomes
Reviewing past spending and outcomes provides an evidence base for justifying budget needs accurately.
Which expense category is typically considered a capital expenditure in an activity department budget?
Answer: Purchase of a large-screen TV for the activity room
Capital expenditures are major purchases of durable assets like equipment, while consumables and wages are operating expenses.
An activity consultant notices the department consistently overspends on supplies. The best corrective action is to:
Answer: Analyze supply usage patterns and implement a tracking system
Tracking usage data helps identify waste or over-ordering so the consultant can implement targeted cost controls.
Grant funding obtained for an activity program should be managed by:
Answer: Following the grant's specified terms, tracking expenditures, and reporting outcomes to the funder
Grant funds must be used according to funder specifications, with documented expenditures and required outcome reports.
Which approach best stretches limited activity department resources?
Answer: Partnering with community organizations for donated supplies and volunteer time
Community partnerships bring in resources at little or no cost, maximizing programming without increasing the budget.
A cost-benefit analysis of an activity program helps administration by:
Answer: Demonstrating the program's value relative to its financial investment
Cost-benefit analysis quantifies the outcomes generated per dollar spent, helping justify the department's budget to administrators.