CDFM MODULE 3 FULLY SOLVED TEST PAPER
GRADED A+
◉ Termination for Convenience.
Answer: Government may not use expired funds previously
obligated; it must retain sufficient funds to meet settlement costs
estimated to be owed to contractor. 3.1.22
◉ Appropriations come in 3 types.
Answer: Single Year - Minor construction up to $1m and purchase of
investment items <$250k. O&M, MILPERS
Multi-Year - Available for new obligations for more than one year.
MILCON (available for 5 years), RTD&E (available for 2 years)
No-Year - Revolving, no time limit involved 3.1.24
◉ Judgement fund.
Answer: permanent, indefinite appropriation 3.1.30
◉ Forms of Budget Authority (you can obligate against these things).
Answer: Appropriation, contract authority, borrowing authority,
monetary credit, offsetting receipts (park admission), loan & loan
guarantee (government will certify for a loan from a commercial
bank 3.1.31
,◉ Concept of earmarking.
Answer: Not to exceed (can move money back over), not less than
(cannot move money back over), fencing (has both floor and ceiling
3.1.32
◉ Voluntary Services.
Answer: cannot be accepted except for emergencies involving the
safety of human life or the protection of property. 3.1.33
◉ Funding flow.
Answer: 1. Appropriation (budget authority)
2. Apportionment
3. Allotment
4. Commitment
5. Obligation
6. Outlay 3.1.35
◉ If appropriation committee gives you $20m to spend and
authorization committee gives you $15m to spend, how much can
you obligate?.
Answer: $20m 3.1.35
,◉ ADA Reporting Requirements.
Answer: -report to agency head within 10 days of discovery
-report per FMR Vol. 14, para. 030101
-if violation in fact occurred, report per 31 USC 1351 and 1517, and
report to the President, through OMB, the Congress and the
Comptroller General 3.1.39
◉ Criteria for recording Obligations.
Answer: 1. Contracts
2. Loans
3. Interagency orders
4. Orders without advertising
5. Grants and subsidies
6. Pending litigation
7. Employment and travel
8. Public utilities
9. Other legal liabilities 3.1.42
◉ If a water bill is for period September 15, 2016 - October 15,
2016, which FY funds is the water bill paid from?.
Answer: FY17 funds 3.1.43
, ◉ Continuing Resolution.
Answer: temporary appropriations act, enacted as joint resolutions,
refers to a sum of money rather than a program level. 3.1.45
◉ Certifying Officer.
Answer: Can seek an advance decision from the Comptroller General
regarding the lawfulness of any payment to be certified; this will
insulate the CO from pecuniary liability. Otherwise, none of the
following are justifiable reasons for making an erroneous payment:
-mistake
-inadvertency
-lack of intent
-minor violation
-difficult work conditions
-lack of personnel 3.1.49
◉ Relief of accountable individuals.
Answer: eThe comptroller general (CG) must grant relief under the
following circumstances:
Physical Loss:
-official was carrying out official duties when the loss occurred
-the loss was not the result of an illegal improper, or incorrect
payment
GRADED A+
◉ Termination for Convenience.
Answer: Government may not use expired funds previously
obligated; it must retain sufficient funds to meet settlement costs
estimated to be owed to contractor. 3.1.22
◉ Appropriations come in 3 types.
Answer: Single Year - Minor construction up to $1m and purchase of
investment items <$250k. O&M, MILPERS
Multi-Year - Available for new obligations for more than one year.
MILCON (available for 5 years), RTD&E (available for 2 years)
No-Year - Revolving, no time limit involved 3.1.24
◉ Judgement fund.
Answer: permanent, indefinite appropriation 3.1.30
◉ Forms of Budget Authority (you can obligate against these things).
Answer: Appropriation, contract authority, borrowing authority,
monetary credit, offsetting receipts (park admission), loan & loan
guarantee (government will certify for a loan from a commercial
bank 3.1.31
,◉ Concept of earmarking.
Answer: Not to exceed (can move money back over), not less than
(cannot move money back over), fencing (has both floor and ceiling
3.1.32
◉ Voluntary Services.
Answer: cannot be accepted except for emergencies involving the
safety of human life or the protection of property. 3.1.33
◉ Funding flow.
Answer: 1. Appropriation (budget authority)
2. Apportionment
3. Allotment
4. Commitment
5. Obligation
6. Outlay 3.1.35
◉ If appropriation committee gives you $20m to spend and
authorization committee gives you $15m to spend, how much can
you obligate?.
Answer: $20m 3.1.35
,◉ ADA Reporting Requirements.
Answer: -report to agency head within 10 days of discovery
-report per FMR Vol. 14, para. 030101
-if violation in fact occurred, report per 31 USC 1351 and 1517, and
report to the President, through OMB, the Congress and the
Comptroller General 3.1.39
◉ Criteria for recording Obligations.
Answer: 1. Contracts
2. Loans
3. Interagency orders
4. Orders without advertising
5. Grants and subsidies
6. Pending litigation
7. Employment and travel
8. Public utilities
9. Other legal liabilities 3.1.42
◉ If a water bill is for period September 15, 2016 - October 15,
2016, which FY funds is the water bill paid from?.
Answer: FY17 funds 3.1.43
, ◉ Continuing Resolution.
Answer: temporary appropriations act, enacted as joint resolutions,
refers to a sum of money rather than a program level. 3.1.45
◉ Certifying Officer.
Answer: Can seek an advance decision from the Comptroller General
regarding the lawfulness of any payment to be certified; this will
insulate the CO from pecuniary liability. Otherwise, none of the
following are justifiable reasons for making an erroneous payment:
-mistake
-inadvertency
-lack of intent
-minor violation
-difficult work conditions
-lack of personnel 3.1.49
◉ Relief of accountable individuals.
Answer: eThe comptroller general (CG) must grant relief under the
following circumstances:
Physical Loss:
-official was carrying out official duties when the loss occurred
-the loss was not the result of an illegal improper, or incorrect
payment
