CDFM
- ANS-FASAB>Federal; GASB>State&Local; FASB>Private Sector)
- ANS-while real bills are made)
1.1.12: What is the distinction between Joint and Concurrent Resolutions? - ANS-Joint has
same effect as a Bill and have to be signed via President; Concurrent "feel of Congress"
handiest, no longer law)
1.1.Thirteen: Who can introduce legislative proposals to Congress? - ANS-Members of
Congress only
1.1.15: Conference Committee or "Third Chamber" - ANS-reconciles differences between
the House and Senate model of a bill
1.1.17: The four phases of the Federal Budget method - ANS-Formulation,
Congressional Action,
Execution,
Performance Review & Audit
1.1.17: The Federal Budget is the _____ Budget. - ANS-The President's
1.1.17: When must the President submit the following FY Budget? - ANS-1st Monday in
February
1.1.17: Who plays a chief role in developing the Budget? - ANS-President,
Congress,
OMB,
Agencies,
Public
1.1.18: The formula segment begins as early as ____months previous to the start of the FY.
- ANS-21
1.1.18: What are the 6 major steps to the method section? - ANS-1. OMB issues Guidance
2. Organization expand draft;
three. Agency submits budget estimates to OMB;
four. OMB holds hearings on corporation budgets;
5. Pres makes final selection;
6. Pres transmits finances to Congress)
1.1.18: What are the 6 main steps to the components segment? - ANS-1.OMB Guidance -
Circ. A11 issued;
2.Organizations expand draft;
three.Agency submits to OMB;
four.OMB Reviews;
5.Pres takes movement;
6.Sent to Congress
1.1.19: What months do every step occur? - ANS-OMB Guidance=Feb;
Organizations develop draft=Jul/Aug;
Agency to submite to OMB=Sep/Oct;
OMB Review=Sep-Dec;
President takes motion=Nov-Jan;
Sent to Congress=1st Monday in February
,1.1.21: The OMB Passback can change___? - ANS-funding for programs or agencies
1.1.21: What is a Reclama? - ANS-Appeal to the President of a Passback by way of the
Head of an Agency
1.1.22: What budgets are included in the President's Budget? - ANS-Legislative, Executive,
Judicial branches, and D.C.
1.1.23: What provides felony authority to incur responsibility and make payments from
Treasury? - ANS-Appropriations
1.1.23: Which department's budget is the largest? - ANS-Executive Branch
1.1.23: Who passes Appropriations or Budget Authority? - ANS-Congress
1.1.23: Who offers Budget Authority? - ANS-Congress
1.1.23: Who symptoms Appropriations into law? - ANS-The President
1.1.24: What happens after Congress gets Pres Budget? - ANS-Committees assessment for
approximately 6 weeks; Each House adopts concurrent resolutions (March); Conferences
training session variations (April); Congress adopts price range resolution (by using April
15-May15); House passes appropriation bills by means of June 30 to skip to SAC; Bills
despatched to Conference in the event that they vary (August) - if no differences, or while
differences are resolved, they visit the Pres for signature (with the aid of Sept thirtieth);
Simultaneously the HAC and SAC hold subcommittee level hearings to review Agency
justifications (February); Draft appropriation bills and reviews (May); House Full committee
critiques moves of subcommittees (Jun-Aug).
1.1.26: How do Agencies request Apportionment? - ANS-SF-132 Request for Apportionment
1.1.26: How often does an Agency reveal monetary activity - ANS-ongoing but especially
quarterly
1.1.26: How frequently does the agency publish an SF-132 Request for Apportionment? -
ANS-Quarterly
1.1.26: True or False: one Congress pass a decision that is going into the time period of
another Congress - ANS-True
1.1.26: What is submitted quarterly via Agencies to OMB? - ANS-SF-133 Report on Budget
Execution
1.1.26: When does OMB/Agency negotiate apportionment? - ANS-Within 10 days of Bill
being signed
1.1.26: When does the Budget Execution phase start? - ANS-When Treasury troubles
Warrants
1.1.29: Funds legally reserved for a selected reason are? - ANS-Obligations
1.1.29: The idea of fund Allotment is to region operational and obligational authority at the
___ stage to boom the chance of ____. - ANS-lowest practical; effective control
1.1.29: The SF-133 (Report on Budget Execution) are submitted for which years? -
ANS-each open yr
1.1.31: Agencies have authority for Reprogramming. - ANS-T but w/in greenback limits or
visit Congress)
1.1.31: DoD has automatic switch authority for as much as what % of BA? - ANS-usually 1%
1.1.31: Reprogramming is? - ANS-a shift of price range from one reason to every other
inside the same appropriation
1.1.31: Transfers occur among appropriations and require statutory authority and what two
matters are required? - ANS-1. Unfunded requirement must be unanticipated & better
precedence)
1.1.31: True or False: Transfer authority can shift price range among purposes within unique
appropriations? - ANS-False
, 1.1.31: True or False: Transfer authority ought to be approved with the aid of both
HASC/SASC and HAC/SAC. - ANS-True
1.1.31: What is the O&M threshold for Congressional acclaim for Reprogramming? -
ANS-$15 Million
1.1.32: Who performs much of the Review and Audit section of the Budget Process? -
ANS-Congress has hearings & GAO does application & monetary audits; Agencies have
inner audits and control manage programs and testify before Congress
1.1.32: Whom does the GAO (Government Accountability Office) paintings for? -
ANS-Congress
1.1.33: What did GPRA mandate? - ANS-Strategic Planning-QDR;
Annual Perf Planning-DoD Budget;
Annual Perf Review - P.A.R = Perf Accountability Report due by means of Nov 15
1.1.33: What is GPRA? What 12 months became it carried out? - ANS-Government
Performance & Results Act (1993)
1.1.34: What is the unique statutory authority to incur responsibilities in anticipation of either
receipts or an appropriation of liquidating cash with which to pay the duties referred to as? -
ANS-Contract Authority
1.1.37: Typically, what is Federal Government spending as a percentage of GDP? -
ANS-1/5th, 20%
1.1.38: Largest unmarried supply of Federal Government tax sales - ANS-Individual Income
Tax ~ 43%-50% of receipts)
1.1.Forty: What divided Federal spending into Discretionary & Mandatory? When? -
ANS-BEA (1990)
1.1.40: What have been the desires of the 2 acts above? - ANS-Balance the Budget with the
aid of FY91;
implemented sequestration strategies, discretionary spending limits on annual
appropriations...
1.1.40: Which Acts had been referred to as the Gramm-Rudman-Hollings Acts? - ANS-1985
Bal Budg & Emerg Defecit Control Act
1987 Bal Budg & Emerg Defecit Control Reaffirmation Act
1.1.Forty one: What Act installed PAYGO? When expired? - ANS-1990 BEA (2002)
1.1.41: Which Act changed the manner budgets are to be justified and managed, focused
price range technique on making plans, & required strategic plans from Agencies by way of
Sep 30, 1997? - ANS-1993 GPRA
1.1.Forty one: Which Act hooked up a CFO in groups and cabinet departments and tasked
them with overseeing monetary control & facts systems? - ANS-1990 CFO Act
1.1.Forty one: Which Act installed discretionary spending limits for 1994-1998 & outlined the
contemporary Sequestration technique - if ever again invoked? - ANS-1993 Omnibus
Reconciliation Act
1.1.Forty one: Which Act changed the Gramm-Rudman-Holings objectives with new annual
ceilings on BA & outlays for five years? - ANS-1990 BEA
1.1.41: Which Act requires annual performance plans & reviews? - ANS-1993 GPRA
1.1.Five: What became precursor to Constitution? When became it ratified? - ANS-Articles of
Confederation (1781)
1.1.Five: What become required to amend the Articles of Confederation? - ANS-unanimous
approval of all states
1.1.5: When was Constitution Ratified? Take impact? - ANS-June 1788 (March 4, 1789)
- ANS-FASAB>Federal; GASB>State&Local; FASB>Private Sector)
- ANS-while real bills are made)
1.1.12: What is the distinction between Joint and Concurrent Resolutions? - ANS-Joint has
same effect as a Bill and have to be signed via President; Concurrent "feel of Congress"
handiest, no longer law)
1.1.Thirteen: Who can introduce legislative proposals to Congress? - ANS-Members of
Congress only
1.1.15: Conference Committee or "Third Chamber" - ANS-reconciles differences between
the House and Senate model of a bill
1.1.17: The four phases of the Federal Budget method - ANS-Formulation,
Congressional Action,
Execution,
Performance Review & Audit
1.1.17: The Federal Budget is the _____ Budget. - ANS-The President's
1.1.17: When must the President submit the following FY Budget? - ANS-1st Monday in
February
1.1.17: Who plays a chief role in developing the Budget? - ANS-President,
Congress,
OMB,
Agencies,
Public
1.1.18: The formula segment begins as early as ____months previous to the start of the FY.
- ANS-21
1.1.18: What are the 6 major steps to the method section? - ANS-1. OMB issues Guidance
2. Organization expand draft;
three. Agency submits budget estimates to OMB;
four. OMB holds hearings on corporation budgets;
5. Pres makes final selection;
6. Pres transmits finances to Congress)
1.1.18: What are the 6 main steps to the components segment? - ANS-1.OMB Guidance -
Circ. A11 issued;
2.Organizations expand draft;
three.Agency submits to OMB;
four.OMB Reviews;
5.Pres takes movement;
6.Sent to Congress
1.1.19: What months do every step occur? - ANS-OMB Guidance=Feb;
Organizations develop draft=Jul/Aug;
Agency to submite to OMB=Sep/Oct;
OMB Review=Sep-Dec;
President takes motion=Nov-Jan;
Sent to Congress=1st Monday in February
,1.1.21: The OMB Passback can change___? - ANS-funding for programs or agencies
1.1.21: What is a Reclama? - ANS-Appeal to the President of a Passback by way of the
Head of an Agency
1.1.22: What budgets are included in the President's Budget? - ANS-Legislative, Executive,
Judicial branches, and D.C.
1.1.23: What provides felony authority to incur responsibility and make payments from
Treasury? - ANS-Appropriations
1.1.23: Which department's budget is the largest? - ANS-Executive Branch
1.1.23: Who passes Appropriations or Budget Authority? - ANS-Congress
1.1.23: Who offers Budget Authority? - ANS-Congress
1.1.23: Who symptoms Appropriations into law? - ANS-The President
1.1.24: What happens after Congress gets Pres Budget? - ANS-Committees assessment for
approximately 6 weeks; Each House adopts concurrent resolutions (March); Conferences
training session variations (April); Congress adopts price range resolution (by using April
15-May15); House passes appropriation bills by means of June 30 to skip to SAC; Bills
despatched to Conference in the event that they vary (August) - if no differences, or while
differences are resolved, they visit the Pres for signature (with the aid of Sept thirtieth);
Simultaneously the HAC and SAC hold subcommittee level hearings to review Agency
justifications (February); Draft appropriation bills and reviews (May); House Full committee
critiques moves of subcommittees (Jun-Aug).
1.1.26: How do Agencies request Apportionment? - ANS-SF-132 Request for Apportionment
1.1.26: How often does an Agency reveal monetary activity - ANS-ongoing but especially
quarterly
1.1.26: How frequently does the agency publish an SF-132 Request for Apportionment? -
ANS-Quarterly
1.1.26: True or False: one Congress pass a decision that is going into the time period of
another Congress - ANS-True
1.1.26: What is submitted quarterly via Agencies to OMB? - ANS-SF-133 Report on Budget
Execution
1.1.26: When does OMB/Agency negotiate apportionment? - ANS-Within 10 days of Bill
being signed
1.1.26: When does the Budget Execution phase start? - ANS-When Treasury troubles
Warrants
1.1.29: Funds legally reserved for a selected reason are? - ANS-Obligations
1.1.29: The idea of fund Allotment is to region operational and obligational authority at the
___ stage to boom the chance of ____. - ANS-lowest practical; effective control
1.1.29: The SF-133 (Report on Budget Execution) are submitted for which years? -
ANS-each open yr
1.1.31: Agencies have authority for Reprogramming. - ANS-T but w/in greenback limits or
visit Congress)
1.1.31: DoD has automatic switch authority for as much as what % of BA? - ANS-usually 1%
1.1.31: Reprogramming is? - ANS-a shift of price range from one reason to every other
inside the same appropriation
1.1.31: Transfers occur among appropriations and require statutory authority and what two
matters are required? - ANS-1. Unfunded requirement must be unanticipated & better
precedence)
1.1.31: True or False: Transfer authority can shift price range among purposes within unique
appropriations? - ANS-False
, 1.1.31: True or False: Transfer authority ought to be approved with the aid of both
HASC/SASC and HAC/SAC. - ANS-True
1.1.31: What is the O&M threshold for Congressional acclaim for Reprogramming? -
ANS-$15 Million
1.1.32: Who performs much of the Review and Audit section of the Budget Process? -
ANS-Congress has hearings & GAO does application & monetary audits; Agencies have
inner audits and control manage programs and testify before Congress
1.1.32: Whom does the GAO (Government Accountability Office) paintings for? -
ANS-Congress
1.1.33: What did GPRA mandate? - ANS-Strategic Planning-QDR;
Annual Perf Planning-DoD Budget;
Annual Perf Review - P.A.R = Perf Accountability Report due by means of Nov 15
1.1.33: What is GPRA? What 12 months became it carried out? - ANS-Government
Performance & Results Act (1993)
1.1.34: What is the unique statutory authority to incur responsibilities in anticipation of either
receipts or an appropriation of liquidating cash with which to pay the duties referred to as? -
ANS-Contract Authority
1.1.37: Typically, what is Federal Government spending as a percentage of GDP? -
ANS-1/5th, 20%
1.1.38: Largest unmarried supply of Federal Government tax sales - ANS-Individual Income
Tax ~ 43%-50% of receipts)
1.1.Forty: What divided Federal spending into Discretionary & Mandatory? When? -
ANS-BEA (1990)
1.1.40: What have been the desires of the 2 acts above? - ANS-Balance the Budget with the
aid of FY91;
implemented sequestration strategies, discretionary spending limits on annual
appropriations...
1.1.40: Which Acts had been referred to as the Gramm-Rudman-Hollings Acts? - ANS-1985
Bal Budg & Emerg Defecit Control Act
1987 Bal Budg & Emerg Defecit Control Reaffirmation Act
1.1.Forty one: What Act installed PAYGO? When expired? - ANS-1990 BEA (2002)
1.1.41: Which Act changed the manner budgets are to be justified and managed, focused
price range technique on making plans, & required strategic plans from Agencies by way of
Sep 30, 1997? - ANS-1993 GPRA
1.1.Forty one: Which Act hooked up a CFO in groups and cabinet departments and tasked
them with overseeing monetary control & facts systems? - ANS-1990 CFO Act
1.1.Forty one: Which Act installed discretionary spending limits for 1994-1998 & outlined the
contemporary Sequestration technique - if ever again invoked? - ANS-1993 Omnibus
Reconciliation Act
1.1.Forty one: Which Act changed the Gramm-Rudman-Holings objectives with new annual
ceilings on BA & outlays for five years? - ANS-1990 BEA
1.1.41: Which Act requires annual performance plans & reviews? - ANS-1993 GPRA
1.1.Five: What became precursor to Constitution? When became it ratified? - ANS-Articles of
Confederation (1781)
1.1.Five: What become required to amend the Articles of Confederation? - ANS-unanimous
approval of all states
1.1.5: When was Constitution Ratified? Take impact? - ANS-June 1788 (March 4, 1789)
