Fiscal Law Final Exam answered- spring 2023

Fiscal Law Final Exam QUESTION 1 1. It is appropriate for the Army to acquire lawn cutting services through the Project Order Statute. True False QUESTION 2 1. The proper amount of money to obligate at the award of a firm fixedprice contract is: The full amount of the contract. Nothing until the contractor performs the required work. Half of the total liability. A conservative amount based on the government’s estimated future requirements. QUESTION 3 1. How long does the Department of Defense Financial Management Regulation give an individual discovering a possible Antideficiency Act violation to report it to his/her chain of command and the Financial Management Comptroller? 5 working days. 2 weeks. 90 calendar days. 45 days. QUESTION 4 1. On 1 September 2011 the command at New Sands Missile Range purchases an x-ray machine for the installation hospital, which arrives and is accepted on 15 September 2011. The x-ray machine is not needed until August of 2012, when an increased number of Soldiers arrive due to BRAC. Assuming there is no applicable delivery or production lead time exception (as this is a commercial item and readily available off the shelf), has an ADA violation been committed and is it correctable? No ADA violation has been committed. As the bona fide need is in 2012, an ADA violation has been committed but it is correctable. As the bona fide need is in 2012, an ADA violation has been committed, and is not correctable since proper funds, FY 2012 O&M (or procurement,depending on the value) were not available at the time of obligation. Although the bona fide need is in 2012, there is no ADA violation because the command was engaged in advanced planning, and was smartly purchasing an item ahead of the expected need and perhaps even getting a better price. QUESTION 5 1. On 30 September 2010, $275,000 remains in the Operations and Maintenance, Army (OMA) allowance at the XVIII Airborne Corps. On that day, the contracting officer is about to award a supply contract, obligating $300,000 OMA. Award of the supply contract: Will cause an Antideficiency Act (ADA) violation because the contract price exceeds the amount of OMA available at the XVIII Airborne Corps. Will cause an ADA violation unless the contracting officer shows that she neither knew nor should have known that the XVIII Airborne Corps had only $275,000 in the OMA account. Will cause an ADA violation if the XVIII Airborne Corps’s major command, FORSCOM, lacks sufficient OMA funds in its formal subdivision to cover the overobligation. Will not cause an ADA violation if Congress enacts either a Continuing Resolution Authority (CRA) or a permanent appropriation before the vendor seeks payment for the supplies. Will not cause an ADA violation because the OMA account at the XVIII Airborne Corps was a target/allowance and an obligation in excess of a target/allowance can never result in an ADA violation. QUESTION 6 1. Assume a contracting officer (KO) at Ft. Bragg, NC awards a contract on 20 September 2010 for $10 million inadvertently committing an ADA violation by causing the Army to exceed the amount available in its FY 2010 O&M appropriation. Which of the following is correct: The KO is subject to administrative discipline because good faith or mistake of fact does not relieve him from liability under the ADA. There is no ADA violation if DoD has sufficient funds to cover the overage. The KO is not subject to criminal or adverse administrative action because Ft. Bragg's allotment is an informal subdivision of funds. The KO will surely go to jail for an ADA violation, serving a mandatory minimum. QUESTION 7 1. The fiscal year for the U.S. Government is a 12-month period from:1 July through 30 June. 1 October through 30 September. 1 September through 30 August. 1 January through 31 December QUESTION 8 1. Any obligation of appropriated funds must comply with which of the following fiscal constraints: The Minimum Needs Rule. The Bona Fide Needs Rule. The Paperwork Reduction Act. The Cost Accounting Standards Board. Omnibus Budget Reconciliation Act of 1947. QUESTION 9 1. Due to increased operations in Afghanistan, the Army is running low on Hellfire missiles (air launch, anti-tank missile.) Having exhausted the Missile Procurement, Army appropriation, an enterprising comptroller recommends using funds from the Procurement of Ammunition, Army appropriation. His argument is that “missiles are a type of ammunition so we can use either.” Can the Army use the Procurement of Ammunition, Army appropriation? Yes. It is for the war effort so anything goes. Yes. The enterprising comptroller is correct; missiles are a type of ammunition. No. This purchase should be handled by the Department of State as it deals with overseas activities. No. There is a specific appropriation for the purchase of missiles. This is the only proper appropriation that can be used. QUESTION 10 1. You work at the Orange Sands Missile Range (OSMR) Legal Office. The SJA wants your advice on two pieces of equipment that he personally would like to see purchased for use in the common break area of the legal office. He wants to use appropriated funds to buy a refrigerator and a microwave. His rationale is that employees (both military and civilian) need a place tostore and prepare food they bring in from home. You respond by telling him: (Select the best answer) The refrigerator and microwave must be purchased using private resources. The SJA may either pay for their purchase entirely out of his own pocket or he may take up a collection from others in the office who will also utilize these items. Absent any local or service-level policies to the contrary, the refrigerator and microwave may be purchased with Operations and Maintenance, Army appropriations. The Comptroller General has determined that such equipment reasonably relates to the efficient performance of the agency. The refrigerator and microwave may be purchased with Operations and Maintenance, Army appropriations only if it is determined commercial eating facilities are not reasonably available within the immediate area of OSMR, or it is expected that employees will be required to work evening or weekend hours. Since the primary purpose of the equipment is to enhance office morale, Morale, Welfare, and Recreation (MWR) funds should be used for the proposed purchase. QUESTION 11 1. On 1 September 2010 a Contracting Officer properly awards a contract to ABC Corporation for 1000 widgets. The wid