CDFM Module 1

CDFM Module 1 *How many branches of Government did the Constitution establish? - Three - Legislative Branch (Article I), Executive Branch (Article II), and Judicial Branch (Article III) *What was the predecessor to the Constitution? - Articles of Confederation *Where are all Federal-level laws enacted? - Congress *In which article of the Constitution is the power to raise taxes found? - Article I *What occurs when Congress is not in session and the President does not sign a properly- presented, enrolled bill within 10 days? - Pocket Veto *How frequently does Congress review the DoD budget request? - Annually *Approximately what percent of total federal spending is discretionary spending? - Thirty percent (30%) *Which branch of Government implements laws? - Executive Branch *Which branch of Government is authorized to raise taxes and borrow money? - Legislative Branch (Congress) *Which committee attempts to resolve differences between the House and Senate version of a bill? - Conference Committee, sometimes referred to as "the Third Chamber" *Which agency issues directions for use by other agencies in submitting their budget estimates? - Office of Management and Budget (OMB) *What type of legislation provides an agency with budget authority? - Appropriation Acts provide budget authority *What term is used to describe a subdivision of an apportionment - Allotment *What agency issues apportionments? - Office of Management and Budget (OMB) *Which branch of Government conducts hearings on the effectiveness of Government programs? - Legislative Branch (Congress) *In the federal budget process, which organizations actually prepare budget estimates? - Federal Agencies *What is the largest single source of Federal Government tax revenues? - Individual Income Taxes (50% in 2020) *What are requests for funds in addition to amounts already appropriated called? - Supplemental; if funds have not been appropriated yet then a Budget Amendment would be submitted instead of a Supplemental Request *What financial control document is issued by the Treasury Department following the signature of the Appropriations Act? - Appropriation Warrant *What term describes a postponement in the use of appropriated funds? - Deferral *What term describes a cancellation of