Which of the following is true about Restricted funds:

Gifts and income from endowments have long been an essential component of the fiscal health of most private (non-profit) higher education institutions.

It is important to distinguish between base budget impacts and one-time budget impacts when preparing a budget in a University setting.

Segregation of duties is an important internal control activity. What three responsibilities should be separated when managing cash in an organization?

Which of the following events does not have a base budget impact to the University?

It is expensive to deliver quality higher education. Which of the following is not a contributing factor to this phenomenon:

Technology costs constitute a rapidly growing portion of the typical University budget.

Facilities costs in Higher Education are increasing primarily due to:

Which best describes the concept of balance sheet equity (fund balance)

A budget is an absolute guarantee of resources.