Nursing Professional Development Certification (NPD-BC) Practice Exam

When should budgeting planning for a simulation mannequin purchase begin if the fiscal year starts July 1?

1. December

2. February

3. April

4. May

The correct answer is: December

Budgeting planning for a simulation mannequin purchase is ideally initiated well in advance of the start of the fiscal year. In this case, since the fiscal year begins on July 1, beginning the planning process in December allows for adequate time to thoroughly assess needs, research the appropriate mannequin options, gather quotes, and justify the request within the overall budget proposal. Initiating planning in December positions the nursing professional development team to present a well-prepared budget proposal when the formal budgeting process typically begins, ensuring that all necessary approvals and adjustments can be made by the time the fiscal year begins in July. This proactive approach facilitates aligning the budget request with institutional priorities and gives ample time for discussions with stakeholders before submission deadlines.