CCD Budgeting, Fundraising, & Financial Management 2

Question 1

A camp director discovers mid-season that supply costs are 20% over budget due to rising prices. What is the BEST immediate corrective action?

Accepted Answer

Revise the budget and identify offsetting savings in other line items

Answer

A mid-season budget revision that identifies offsetting savings maintains financial integrity without disrupting programs or requiring unauthorized fund transfers.

Question 2

Which financial document shows a camp's revenues and expenses over a specific accounting period?

Accepted Answer

Income statement (profit & loss)

Answer

The income statement (profit & loss statement) reports revenues and expenses over a defined period, showing whether the camp had a surplus or deficit.

Question 3

A nonprofit camp wants to launch its first major gifts program. Which prospective donors should be prioritized first?

Accepted Answer

Alumni and past camper families with demonstrated giving history

Answer

Donors with an existing emotional connection to the camp and a history of giving have the highest likelihood of making major gifts.

Question 4

What does 'unrestricted net assets' mean for a nonprofit camp?

Accepted Answer

Funds available for any organizational purpose at the board's discretion

Answer

Unrestricted net assets can be used for any purpose the board deems appropriate, giving the organization maximum flexibility.

Question 5

A camp's accounts receivable aging report shows 35% of outstanding balances are more than 90 days overdue. What should the director do first?

Accepted Answer

Contact delinquent accounts to establish payment plans

Answer

Contacting delinquent families to arrange payment plans is the appropriate first step, as many overdue accounts can be recovered through direct communication.

(CCD) Certified Camp Director Practice Test

(CCD) Certified Camp Director Practice Test

CCD Budgeting, Fundraising, & Financial Management 2