GAFRB: Examination 2: Governmental Accounting, Financial Reporting and Budgeting
AGA GAFRB Exam Dumps
Get All Examination 2: Governmental Accounting, Financial Reporting and Budgeting Exam Questions with Validated Answers
Vendor:
AGA
Exam Code:
GAFRB
Exam Name:
Examination 2: Governmental Accounting, Financial Reporting and Budgeting
Exam Questions:
115
Last Updated:
February 14, 2026
Related Certifications:
Certified Government Financial Manager
Exam Tags:
AGA Financial AnalysisProfessional Levelgovernment financial analysts
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Free AGA GAFRB Exam Actual Questions
Question No. 1
Management's need for real-time access to data is facilitated when
Congress plans to set up an activity within an agency that would:
* provide procurement services to other agencies;
* reimburse fees to the providing agency at a level that would cover the total estimated costs of the services.
The fees would be deposited in the providing agency's accounts and would remain available until expended, to carry out the purposes of the fund. This arrangement describes a
A state grant will reimburse a city for 40% of the architectural, construction and project management costs to build an annex to a city building. A city employee, who is paid salary and benefits of 510,000 a month, works half-time on the project for six months.
The city reports the following project budgeted and actual costs:
Purpose Budget Actual
Architectural fees $ 100.000 $ 90,000
Construction costs $10,500,000 $10,000,000
Based upon the above information, what is the amount of allowable costs that the state will reimburse the city on the grant?
