Fire Officer p136

What is one way fire departments generate revenue?

• Renting out social halls or meeting rooms

• Charging for emergency calls

• Renting out fire trucks

• Selling fire extinguishers

What is a major benefit of holding fund-raisers on fire department property?

• It attracts more vendors

• It increases ticket prices

• It minimizes operating costs

• It allows the department to hire more staff

What is one investment some fire departments make to generate revenue?

• Investing in gold

• Investing in foreign currencies

• Investing in real estate

• Investing in technology stocks

What must be balanced against anticipated revenues?

• Training programs

• Planned expenditures

• Employee salaries

• Community events

What is the average duration of the six recessions in the United States since 1969?

• 12.4 months

• 10.8 months

• 8.2 months

• 5.5 months

What happens to property tax revenue if property values fall?

• It doubles

• It remains the same

• It decreases

• It increases

What is the impact of an empty building on local government revenue?

• It stabilizes revenue

• It generates dramatically lower revenues

• It has no impact

• It increases revenue

What should a budget proposal identify to ensure approval?

• A popular community event

• A federal regulation, state law, or local ordinance

• A celebrity endorsement

• A new fire truck model

What is one option for fire departments facing budget reductions?

• Expand services

• Build new stations

• Increase the workforce

• Defer scheduled expenditures

What does deferring scheduled expenditures involve?

• Delaying the purchase of replacement equipment

• Hiring more staff

• Reducing training programs

• Increasing community events