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CDFM CG Maj > 3.1 and bonus from class fro mod 1 prep > Flashcards

3.1 and bonus from class fro mod 1 prep Flashcards

1
Q

Purpose statute

A

31 USC 1301

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2
Q

Article 1 Section 8

A

empowers congress to collect taxes

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3
Q

Article 1 Section 9

A

Requires appropriations in law before money can be spent

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4
Q

Article 1 Section 7

A

empowers congress to pass bills for raising revenue

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5
Q

Who is head of GAO

A

Comptroller general

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6
Q

Who puts together red book

A

Comptroller general

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7
Q

Time Statute

A

31 USC 1502

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8
Q

Amount Statute

A

31 USC 1341 - in advance or excess of approp; 1342 - No voluntary services; 1517 - In excess of an apportionment

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9
Q

Fiduciray Certifier

A

FUNDS, not dealing with cash or checks or amounts; Responsible for use of appropriated funds as to proper PTA and USC codes

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10
Q

Pecuniary Cerfifier

A

CASH/CHECKS; back end of the process; respoisbile for amounts, accuracy of dispersement; repayment of any dispersements that were not proper

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11
Q

Two types of annual approps

A

O&M and MILPERS

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12
Q

Necessary Expense test

A
  1. logical relationship 2. not prohibited by law 3. not be otherwise provided for in another appropriation
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13
Q

Contract Termination

A
  1. Contractor Default - Original FY funds avaialble if a)Bona Fide need b)Scope is same c)awarded in reasonable time 2. Covenience of Gov - Expired funds only availabe if agency order to terminate
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14
Q

Types of approps and time frame

A

MILPERS - 1; O&M - 1; RDT&E - 2; Procurement - 3; SCN (Ship construction NAVY) - 5; MILCON - 5

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15
Q

ADA criminal penalties

A

no more than $5000 and no more that 2 years

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16
Q

ADA must be reported within ___ and investigation complete within ___

A

10 days, 14 weeks

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17
Q

ADAs reported to

A

POTUS through congress,OMB and comp general

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18
Q

Instructions on ADA provided in

A

OMB circular A-11

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19
Q

Continuing Resolution for authority for multi year

A

carry over authority is subtracted from CR portion

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20
Q

Certifying official authorized to seek guidance of ___

A

Comptroller General or DOD General Council

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21
Q

Acounting “Major Loss” vs “Minor Loss”

A

Major -$750 or if any fraud; Minor - under $750 no fraud

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22
Q

Is relief provided for loss? Who Provides it? What is statute of limitations

A

DFAS provides it. Granted for accidental loss (no statute of limitations) Accidental illdgal/incorrect/ improper payment (3 yr statute of limitation)

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23
Q

Certifying official must ensure 4 things

A

Complete, computed correctly, correct and legal

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24
Q

Which accountable individual CANNOT hold public funds

A

Certifying official

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25
Three color books
Green book - Internal Controls; Yellow book - Auditing policy; Red book - fiscal law
26
Act exempts promotion of individual for gov purchases
Gov employee incentive awards act
27
Type of approps and time frame
MILPERS - 1; O&M - 1; RDT&E - 2; Procurement - 3; SCN (Ship construction NAVY) - 5; MILCON - 5
28
When are no year approps cancelled
1. agency determines no longer needed 2. no charges for 2 years
29
Severable Services
Governemnt recives something useful uppon expenditure; can cross Fys but no more than 12 months
30
Non Severable Services
Cannot be separated into increments. Entire amount Obligated at onset. Training is non severable usually
31
This carries forward expired phased balances
SF-133
32
Agency head approval for program AL amounts above
$4M
33
What kinds of gifts can be made, and what happens to unauthorized gifts
Gifts to the US (real or personal property. 2. Gifts to an agency (money or real property), can accept services/property under mutual agreement; unauthorized are deposited in misc receipts
34
Act for sequestration
Gramm-Rudman-Holdings Balanced budget and emergency deficit control act; Budget enforcement act 1990
35
Established PAYGO
Budget Enforcement Act of 1990
36
What is PAYGO
Can't spend more without finding an offset; Does not apply to discretionary spending
37
Bona Fide need with regard to long lead time parts order
Bona Fide need applys in the year the order is PLACED, NOT when the goods or services are actaully DELIVERED
38
What USC discusses severable services
10 USC 2410
39
How does multiyear contract apply to bona fide need
5 year contract guaranteed. Option to pay all up from or year by year. DOD REQUIRES year by year pay
40
Who can order an agency to terminate contract and they can still use expired funds
courts, GAO, Board of contract appeals
41
minor construction authority is up to of O&M
$2M, unit cost not over $250K
42
Adjustment limit during closed account phase
Same type up to LESSER of 1% of current approp, or unexpended closed approp
43
Obligations from expired approp exceed _____ notify ____
$4M agency head, $25M congress
44
Contract Authority
Form of budget authority; Authority to obligate in advance of appropriation. Have to be given this
45
Exception to voluntary services
emergencies involving safety of human life or protection of property; statutorily authorized gratuitous services (Red Cross, Museum volunteers)
46
Section 1514 of statutue 31 USC 1517
need to have a financial system that has controls that control to the apportionment level
47
Augmentation
Not allowed to add to your appropriation unless you have been given authority to do so
48
ADA Admin and Criminal penalties only apply for
Amount, not purpose or time
49
FMR discussing ADA violations
DOD FMR 7000.14
50
Accountable individuals
Department accountable individuals (DAO), Certifying Officer (CO), Dispersing officer (DO)
51
Certifying Officers cannot make following excuses
mistake, lack of intent, minor violation, adverse work environment, lack of personnel. NO EXCUSES FOR THESE
52
____ can provide an advance decision to _____ regarding certifying a payment or making payment with approp funds
DOD General Counsel; DAO, CO, DO, agency heard acting as CO
53
Certifying officer can get relief if
circumstances beyond their control, and discovered later. Everything done right at the time of certificaiton
54
41 USC 6301 Feed and Forage Act
Permits obligations in advacne of appropriation. Pays for furnishing clothing, subsistence, forage, fuel, quarters, transportation, mediocal/hospital supplies. NOT MILCON or MILPERS
55
Approx how much business does DOD do in WCF
20 percent of DOD appropriation
56
Stock Funds (supply management hold what type of assets
inventory held for resale
57
Industrial funds hold what type of assets
work in progress
58
WCF Charter signed by _____ and includes _____
Military Dept Sec; 1. ID outputs 2. accounting system to track costs 3. ID Customer requirements 4. Evaluate Buyer/Seller advantages disadvantages
59
NOR (Net operating results)
Annual results
60
AOR (Accumulated operationg results
overall goal to be net zero. This is a rolling amount over multiple years
61
WCFs required to have _____
sufficient cash balnces for their requirements throghout fiscal year
62
First requirement for any travel
Travel itinerary prepared on DD 1610 must be approved.
63
Can traveler deviate from travel itinerary
if "variations authorized" statemetn included and mission requires it
64
Can a verbal travel order be issued
Yes by AO
65
NAF employees travel on
regular government travel orders. No invitational travel orders
66
PDT travel charged to _____; what is exception
gaining activity; overseas pays both ways, RIF (reduction in force), BRAC (Base realignment and closure)

CDFM CG Maj (12 decks)

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