CDFM questions with verified answers

CDFM questions with verified answers
1.1.12: What is the difference between Joint and Concurrent Resolutions?
Ans✓✓✓ Joint has same effect as a Bill and must be signed by President;
Concurrent "sense of Congress" only, not law)


1.1.13: 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 version of a bill


1.1.17: The 4 phases of the Federal Budget process 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 next FY Budget? Ans✓✓✓ 1st
Monday in February


1.1.17: Who plays a major role in developing the Budget? Ans✓✓✓ President,
Congress,
OMB,
Agencies,
Public

,1.1.18: The formulation phase starts as early as ____months prior to the start of
the FY. Ans✓✓✓ 21


1.1.18: What are the 6 major steps to the formulation phase? Ans✓✓✓ 1. OMB
issues Guidance
2. Organization develop draft;
3. Agency submits budget estimates to OMB;
4. OMB holds hearings on agency budgets;
5. Pres makes final decision;
6. Pres transmits budget to Congress)


1.1.18: What are the 6 major steps to the formulation phase? Ans✓✓✓ 1.OMB
Guidance - Circ. A11 issued;
2.Organizations develop draft;
3.Agency submits to OMB;
4.OMB Reviews;
5.Pres takes action;
6.Sent to Congress


1.1.19: What months do each step occur? Ans✓✓✓ OMB Guidance=Feb;
Organizations develop draft=Jul/Aug;
Agency to submite to OMB=Sep/Oct;
OMB Review=Sep-Dec;
President takes action=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
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 legal authority to incur obligation and make payments from
Treasury? Ans✓✓✓ Appropriations


1.1.23: Which branch's budget is the largest? Ans✓✓✓ Executive Branch


1.1.23: Who passes Appropriations or Budget Authority? Ans✓✓✓ Congress


1.1.23: Who provides Budget Authority? Ans✓✓✓ Congress


1.1.23: Who signs Appropriations into law? Ans✓✓✓ The President


1.1.24: What happens after Congress gets Pres Budget? Ans✓✓✓ Committees
review for about 6 weeks; Each House adopts concurrent resolutions (March);
Conferences work out differences (April); Congress adopts budget resolution (by
April 15-May15); House passes appropriation bills by June 30 to pass to SAC; Bills
sent to Conference if they differ (August) - if no differences, or when differences

, are resolved, they go to the Pres for signature (by Sept 30th); Simultaneously the
HAC and SAC hold subcommittee level hearings to review Agency justifications
(February); Draft appropriation bills and reports (May); House Full committee
reviews actions 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 monitor financial activity Ans✓✓✓ ongoing
but especially quarterly


1.1.26: How often does the agency submit an SF-132 Request for Apportionment?
Ans✓✓✓ Quarterly


1.1.26: True or False: one Congress pass a resolution that goes into the term of
another Congress Ans✓✓✓ True


1.1.26: What is submitted quarterly by 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
issues Warrants


1.1.29: Funds legally reserved for a specific purpose are? Ans✓✓✓ Obligations