Fire Officer p132

What is the purpose of the formal mid-year budget review in January 2025?

• To allocate funds for new projects

• To revise the approved budget for unplanned expenses or shortages

• To increase the budget for all departments

• To finalize the budget for the next fiscal year

What happens during the informal fourth-quarter review in April 2025?

• The budget is closed out

• Final adjustments in the budget are considered

• New projects are initiated

• All expenditures are frozen

By when must all expenditures for fiscal year 2025 be complete?

• June 30, 2025

• July 31, 2025

• May 31, 2025

• August 31, 2025

What is a base budget?

• A budget that includes only new projects

• A budget that maintains all services at currently authorized levels

• A budget that excludes salary increases

• A budget that is revised monthly

What is a supplemental budget request?

• A request to increase spending for additional services

• A request to decrease the budget

• A request to eliminate existing services

• A request to maintain the current budget

How is a budget cut calculated?

• As a percentage of the base budget

• As a percentage of the previous year's budget

• As a percentage of the supplemental budget

• As a fixed amount

What might a department need to do to achieve budget reductions?

• Expand services

• Prioritize programs and activities

• Increase staff

• Request more funding

What is required for increases in the fire department budget?

• Approval from the finance office

• Early notification and support of elected officials

• A decrease in other department budgets

• A public referendum

Who are the gatekeepers in developing the local budget?

• Elected officials

• The finance office

• The fire department

• The general public

What do elected officials aim to avoid while delivering services?

• Meeting with department leadership

• Decreasing services

• Increasing taxes

• Holding public hearings