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CDFM ALL MODULES FISCAL LAW| 75+ ACTUAL QUESTIONS WITH DETAILED CORRECT ANSWERS WITH RATIONALES| VERIFIED ANSWERS | COMPLETE A” GUIDE

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CDFM ALL MODULES FISCAL LAW| 75+ ACTUAL QUESTIONS WITH DETAILED CORRECT ANSWERS WITH RATIONALES| VERIFIED ANSWERS | COMPLETE A” GUIDE1. True or false? A working capital (Revolving) fund or part FALSE of that fund cannot violate the Anti Deficiency Act. 2. Agencies are responsible for maintaining a system of 31 USC 1341, 1342, and accounting and internal controls to avoid violations of 1517 (Anti-Deficiency Act) the . 3. The appropriation time line for Military Construction is 5 years. 4. The appropriation time line for Procurement (exclud- 3 ing Shipbuilding and Conversion, Navy) is years. 5. The 2 provisions of the US Constitution that provide the Article 1 Section 8 clause 1, underpinning for the budget process are . 6. The budgetary resources that are available for new obligations until the purposes for which were provided are carried out are called . 7. The governs the congressional budget, de- Article 1 Section 9 clause 7 No-Year Authority Congressional Budget Act fines key budget term and establishes house and sen- of 1974 ate budget committees and the Congressional Budget Office. 8. True or false? Article 2 section 8 empowers Congress to collect taxes and Section 9 requires appropriations in law before money can be spent from the Treasury. FALSE 9. The appropriation time line for R & D is years. 2 10. The penalty for willfully and knowingly violating the Anti

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1. True or false? A working capital (Revolving) fund or part FALSE
of that fund cannot violate the Anti Deficiency Act.

2. Agencies are responsible for maintaining a system of 31 USC 1341, 1342, and
accounting and internal controls to avoid violations of 1517 (Anti-Deficiency Act)
the .

3. The appropriation time line for Military Construction is 5
years.

4. The appropriation time line for Procurement (exclud- 3
ing Shipbuilding and Conversion, Navy) is
years.

5. The 2 provisions of the US Constitution that provide the Article 1 Section 8 clause 1,
underpinning for the budget process are . Article 1 Section 9 clause 7

6. The budgetary resources that are available for new No-Year Authority
obligations until the purposes for which were provided
are carried out are called .

7. The governs the congressional budget, de- Congressional Budget Act
fines key budget term and establishes house and sen- of 1974
ate budget committees and the Congressional Budget
Office.

8. True or false? Article 2 section 8 empowers Congress FALSE
to collect taxes and Section 9 requires appropriations
in law before money can be spent from the Treasury.

9. The appropriation time line for R & D is _______ years. 2

10. The penalty for willfully and knowingly violating the Anti

,Deficiency Act is . Up to 2 years and a $5,000
fine or both

, 11. Over obligation of an appropriation or funds and oblig- 31,. USC 1341(a)
ations or contracts in advance of an appropriation is a
violation of .

12. appropriations is (are) no longer available Cancelled
for adjustments or payments any adjustments will be
charged to current same appropriation (1% max)

13. Over-obligations of apportionments, allotments or 31,. USC 1517
other subdivision of funds are a violation of

14. True or False? Not knowingly or willfully committing TRUE
a violation of the Anti-Deficiency Act does not, by it-
self, justify a decision to not impose disciplinary action
against the individual.

15. It is the responsibility of the to review and ap- OMB
prove the agency systems of administrative control of
funds to prevent violations of the Anti-Deficiency Act.

16. Acceptance of voluntary service is a violation of 31,. USC 1342


17. is the shift from one purpose or activity to anoth- Transfer
er within different appropriations.

18. The prescribe rules and procedures for budget Chapters 13 and 15, 31
execution. Many of the specific provisions were previ- USC
ously enacted as Section 3679 of the revised statutes
also known as the Anti-Deficiency Act.

19. The appropriation time line for Operation and Mainte- 1

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