NRPA Financial Management & Budgeting Flashcards
6 cards from real NRPA practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 NRPA Financial Management & Budgeting flashcards as text
What is a parks and recreation agency's 'operating ratio' used to evaluate?
Answer: The proportion of operating revenues to operating expenses
The operating ratio compares total operating revenues against total operating expenses to gauge financial self-sufficiency.
Which method is commonly used by parks agencies to allocate indirect or overhead costs across multiple programs?
Answer: Cost allocation plan
A cost allocation plan distributes shared overhead expenses such as administration, utilities, and insurance across programs in a systematic way.
What is the significance of the NRPA Agency Performance Review (PRORAGIS) for financial benchmarking?
Answer: It provides national data to compare agency spending, staffing, and service levels
PRORAGIS is NRPA's national database that lets agencies benchmark their performance and financial metrics against peers across the country.
In parks finance, what is a 'depreciation schedule' used for?
Answer: To systematically allocate the cost of a capital asset over its useful life
Depreciation schedules spread the cost of long-lived assets like buildings and equipment over their expected useful lives.
What financial practice involves parks agencies reviewing actual revenues and expenditures against the approved budget on a regular basis?
Answer: Budget variance analysis
Budget variance analysis compares planned versus actual financial figures to identify overspending or revenue shortfalls early.
Which of the following is a typical source of non-tax revenue for a public parks and recreation department?
Answer: Program registration fees
Program registration fees are earned revenues generated directly from participants, reducing reliance on tax-based funding.