Fiscal Management Review

Every effort should be made to maximize the utilization of scholarships to 100 percent of the available funding. In order to monitor this, departments must submit a(n)

• Utilization Report

• Change Form

• Google Form

• Operational Plan

You just received your budget for the new fiscal year. You want to set up individual funds and portion out your budget. What action would help you complete this?

• Budget Transfer

• Journal Entry

• Labor Redistribution

The​​ ​ explains how the budget will be distributed to the college and VP areas.

• Authorized Budget Document
• Strategic Plan
• Faculty Handbook
• policy library

What percentage of an annual salary is a faculty member eligible to receive over the summer?

• 1/2

• 1/4

• 33 1/3

A formal, high-level statement with broad application throughout the university designed to promote operational efficiencies, enhance the university's mission, or reduce institutional risk is called a​ ​ .

• policy
• procedure

Every dollar that comes into the university must be spent for the purpose for which it was intended. This is referred to as

• fund accounting

• fund alignment

• funds handling

• funds management

The State Budget Process is also referred to as the

• internal budget process

• external budget process

Salaries charged to this type of fund with a matching FTE allocation will have fringe cost covered by the university.

• Grants

• Overhead

• E&G funds

• VTF Funds

If someone makes services available to the general public on a regular and consistent basis, has an office and assistants, business licenses, listings in business directories, and advertising then this person is probably a(n) .​ ​

• independent contractor
• Virginia Tech employee

Emergency Hire positions are intended to complete critical work that is not expected to last more than ___ days.

• 60

• 90

• 130

• 180