Question 1: What mechanisms are used to control and monitor the budget during a fiscal year? Who is responsible for exercising these controls?
Question 2: What steps might a department take to stay within its budget if spending looks like it will exceed its authorized level?
Question 3: Explain the purpose of a capital improvement plan and how it is developed.
Question 4: What is the benefit of conducting a mock review prior to submitting a grant application? Are there any negatives associated with conducting a mock review?
Question 5: How and why should the capital improvement planning process complement the operating budget process?