Which of the following is NOT an indicator of good capital planning practices?

Prepare for the GFOA Capital Planning and Forecasting Test with comprehensive material. Utilize flashcards and multiple choice questions, each equipped with hints and explanations. Ensure your readiness for the test!

Comprehensive capital planning practices rely on clear and defined criteria for project selection to ensure effective decision-making and resource allocation. Ambiguous criteria would create confusion and inconsistency, leading to potentially ineffective or misguided project choices. Good capital planning emphasizes the importance of having well-defined, objective criteria that allow for a fair and transparent evaluation of projects.

In contrast, comprehensive planning ensures that all aspects and strategies are considered, while stakeholder involvement guarantees that various perspectives are integrated into the planning process. Transparency in the process builds public trust and accountability, essential for community engagement and support. Thus, clear criteria for project selection, in contrast to ambiguous ones, is a fundamental aspect of effective capital planning practices.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy