Which of the Following Grants Received by a City Would

question 20

Multiple Choice

Which of the following grants received by a city would most appropriately be recorded in a "pass-through" agency fund?

• A) A federal grant for which the ultimate allocation and use of the money will be decided by the state government.The city will serve as a conduit for the money between the state government and various not-for-profit organizations who will use the money.
• B) A state grant to a local not-for-profit organization for summer employment of juveniles.
• C) A federal grant made directly to a county for repairing and overhauling bridges.
• D) A federal grant via the state government for which the city will be responsible for upgrading low-rent housing.

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Definitions:

Return On Investment

A measure used to evaluate the performance of an investment by dividing the net profit by the initial cost of the investment.

Cost Variance

The difference between the estimated cost of a project or operation and the actual cost incurred.

Balanced Scorecard

A strategic planning and management system that organizations use to communicate what they are trying to accomplish, align day-to-day work with strategy, and monitor performance against strategic goals.

Not-for-profit

Organizations that operate without the primary goal of financial profit, often focusing on social, educational, or humanitarian objectives.