The Appropriation to the State Library System Fiscal Year Starts

question 8

Multiple Choice

The appropriation to the State Library System fiscal year starts July 1) for fiscal 2012 was $15,000,000. On December 31, 2011, its budget reports showed expenditures of $7,500,000 and encumbrances outstanding of $500,000. Quarterly allotments were as follows: Q1-$3,750,000; Q2-$4,500,000; Q3-$3,750,000; and Q4-$3,000,000. What was the status of system operations at that point?

• A) Operation consistent with plan; half the year elapsed and half the money spent.
• B) Over plan by $250,000.
• C) Under plan by $250,000.
• D) Under plan by $750,000.

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Definitions:

Uniformity

The quality or state of being the same in form, appearance, or character; often signifies consistency across various elements of a brand or product.

Deadly Sins

A term often used figuratively to describe the most serious mistakes or pitfalls in a particular context.

No Consequences

A situation where actions do not result in any significant repercussions or penalties.

Fired

The termination of employment due to performance issues, misconduct, or organizational downsizing.