All of the following are examples of Capital Expenditures except which? Purchase
ID: 418445 • Letter: A
Question
All of the following are examples of Capital Expenditures except which?
Purchase of a new patrol car for the police department.
Retro-Pay to union employees following an extended period of time between an expired contract and the ratification of a new contract.
Expansion of a water treatment plant.
2.The GFOA lists which of the following as a "Best Practice" when compiling a Capital Plan? (pick all that apply)
State and Local governments should develop a multi-year capital plans to ensure effective management of capital assets.
A good capital plan utilizes cash reserves prior to current revenues.
Recommend that all governments regularly engage in long-term financial planning.
Governments should establish and incorporate policies and processes for capital project monitoring and reporting.
A good capital plan links to the Master or Comprehensive Plan.
A good capital plan notes what effect (if any) the capital project will have on the operating budget
d A 3-mile sewer main extension necessary for new residential development
a.Purchase of a new patrol car for the police department.
b.Retro-Pay to union employees following an extended period of time between an expired contract and the ratification of a new contract.
c.Expansion of a water treatment plant.
2.The GFOA lists which of the following as a "Best Practice" when compiling a Capital Plan? (pick all that apply)
a.State and Local governments should develop a multi-year capital plans to ensure effective management of capital assets.
b.A good capital plan utilizes cash reserves prior to current revenues.
c.Recommend that all governments regularly engage in long-term financial planning.
d.Governments should establish and incorporate policies and processes for capital project monitoring and reporting.
e.A good capital plan links to the Master or Comprehensive Plan.
f.A good capital plan notes what effect (if any) the capital project will have on the operating budget
.d A 3-mile sewer main extension necessary for new residential development
Explanation / Answer
1) All of the following are examples of Capital Expenditures except which?
Answer - Option (B) - Retro-Pay to union employees following an extended period of time between an expired contract and the ratification of a new contract.
2) The GFOA lists which of the following as a "Best Practice" when compiling a Capital Plan?
Answer: A, C, D, E, F
Option (A) - State and Local governments should develop a multi-year capital plans to ensure effective management of capital assets.
Option (C) - Recommend that all governments regularly engage in long-term financial planning.
Option (D) - Governments should establish and incorporate policies and processes for capital project monitoring and reporting.
Option (E) - A good capital plan links to the Master or Comprehensive Plan.
Option (F) - A good capital plan notes what effect (if any) the capital project will have on the operating budget.
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