Which of the following are not purposes for having a budget?
a. being accountable for expenses
b. evaluation program financial performance
c. developing a financial plan
d. determining if revenue generated is sufficient to cover expenses
Answer: d. determining if revenue generated is sufficient to cover expenses
Determing if revenue generated is sufficient to cover expenses is not a purpose for having a budget; rather, it is a method of profit-and-loss analysis. Without a budget, it would not be possible to determine what actual revenue was generated because there would be no clear delineation between expenses and profit/revenue.