What is the primary purpose of court budgeting?
Correct!
Wrong!
To allocate resources effectively to support court operations.
Which financial document shows anticipated revenues and expenses?
Correct!
Wrong!
The budget projects expected court income and expenditures.
What is a key principle of financial management?
Correct!
Wrong!
Transparency to ensure accountability and trust.
How can courts control costs effectively?
Correct!
Wrong!
By monitoring expenses and identifying cost-saving opportunities.
What is the role of financial reporting?
Correct!
Wrong!
To provide stakeholders with accurate information about financial status.
Why is forecasting important in budgeting?
Correct!
Wrong!
It anticipates future financial needs and challenges.
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What is the significance of budget variances?
Correct!
Wrong!
They highlight differences between planned and actual spending.
Which stakeholders are involved in court budgeting?
Correct!
Wrong!
Judges, administrators, government officials, and the public.
How can courts ensure ethical financial management?
Correct!
Wrong!
By following laws, policies, and ethical guidelines.