CDFM - Module 3 Exam Questions & Answers | Latest Update | Verified & Updated| 19 pages

CDFM - Module 3 Exam Questions & Answers | Latest Update | Verified & Updated| 19 pages What is the Budgetary Account formula? - Answer ️️ -Recourses = Status of Resources Source of Incoming Funds = Use/location of Funds Under the Prompt Pay Rules, when is Constructive Acceptance considered to take place? - Answer ️️ -when acceptance document has not been received in a timely manner (NLT 7 calendar days after receipt What are the 5 valid voucher requirements - Answer ️️ -(1) voucher heading and date (2) Line of Accounting (LOA) (3) amount (4) method of payment (5) payee What are 3 Federal Financial Statements? - Answer ️️ -(1) Balance Sheet (2) Statement of Net Cost (3) Statement of Net Position What is the O&M limitation on minor construction? - Answer ️️ -$750K or up to $1.5M for health or safety related requirements with congressional approval. A maximum Earmark may not be augmented with funds from the general appropriation but any un-obligated amounts may be used for other objects in the general appropriation pertains to which Earmark concept? - Answer ️️ -Earmark concept: Not to Exceed