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CDFM CG Maj > 3.1 final > Flashcards

3.1 final Flashcards

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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

Two appropriation principles

A
  1. Specific over general 2. Do not do indirectly what you cannot do directly
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8
Q

Law and USC allowing severable services to extend 12 months across FY

A

Federal Acquisition Streamlining Act 1994, 10 USC 2410

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9
Q

If appropriation act is enacted prior to start of fiscal year, can you enter into contract

A

Yes, after enactment but before start of FY, however NO expenditures until FY begins

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10
Q

Budget and Accounting Act 1921

A
  1. OMB 2. GAO 3. President required to submit annual budget to congress for all three branches
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11
Q

Congressional Budget and Impoundment act 1974

A
  1. HBC, SBC 2. CBO 3. Recissions and Deferrals
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12
Q

Balanced Budget and Emergency Deficit Control Act

A

Gramm Rudman Hollings; Sequestration and automatic spending cuts

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13
Q

Principle DOD executive for finance an accounting requirements, systems and functions

A

Director of DFAS (Defense Finance and Accounting Service)

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14
Q

Time Statute

A

31 USC 1502

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15
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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16
Q

Two criteria for voluntary services

A
  1. Compensation is discretionary (not set by law) 2. Compensation can be set to zero
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17
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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18
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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19
Q

Certifying officers will be held personally liable for

A

erronious payments resulting from their miscertification as soon as the erroneous payment is made

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20
Q

Dispursing officers, cashiers, and collecting officers have pecuniart responsibility….

A

for the monies entrusted to their care and will be held personally liable for any loss or theft of funds

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21
Q

Two types of annual approps

A

O&M and MILPERS

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22
Q

Sources of Purpose spending restricitons

A

Authorization Acts, Appropriation Acts, Comp Gen decisions

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23
Q

Who can receive a coin

A
  1. Guest foreign nation 2. State local gov 3. NOT day to day 4.
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24
Q

Continuing resoultion is what time of resolution

A

Joint

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25
Necessary Expense test
1. logical relationship 2. not prohibited by law 3. not be otherwise provided for in another appropriation
26
Contract Termination
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
27
Types of approps and time frame
MILPERS - 1; O&M - 1; RDT&E - 2; Procurement - 3; SCN (Ship construction NAVY) - 5; MILCON - 5
28
ADA criminal penalties
no more than $5000 and no more that 2 years
29
ADA must be reported within ___ and investigation complete within ___
10 days, 14 weeks
30
ADAs reported to
POTUS through congress,OMB and comp general
31
Instructions on ADA provided in
OMB circular A-11
32
Continuing Resolution for authority for multi year
carry over authority is subtracted from CR portion
33
A violation of _____ will also result in an ADA
time
34
Which acountable officials are authorized to seek guidance of ___
DAO, CO, DO, are agency head acting as CO can seek DOD General Council
35
Acounting "Major Loss" vs "Minor Loss"
Major -$750 or if any fraud; Minor - under $750 no fraud
36
Is relief provided for loss? Who Provides it? What is statute of limitations
DFAS determines it, comptroller general grants. Granted for accidental loss (no statute of limitations) Accidental illdgal/incorrect/ improper payment (3 yr statute of limitation)
37
Certifying official must ensure 4 things
Complete, computed correctly, correct and legal
38
Which accountable individual CANNOT hold public funds
Certifying official
39
Three color books
Green book - Internal Controls; Yellow book - Auditing policy; Red book - fiscal law
40
Act exempts promotion of individual for gov purchases
Gov employee incentive awards act
41
Type of approps and time frame
MILPERS - 1; O&M - 1; RDT&E - 2; Procurement - 3; SCN (Ship construction NAVY) - 5; MILCON - 5
42
When are no year approps cancelled
1. agency determines no longer needed 2. no charges for 2 years
43
Severable Services
Governemnt recives something useful uppon expenditure; can cross Fys but no more than 12 months
44
Non Severable Services
Cannot be separated into increments. Entire amount Obligated at onset. Training is non severable usually
45
This carries forward expired phased balances
SF-133
46
Agency head approval for program AL amounts above
$4M
47
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
48
Act for sequestration
Gramm-Rudman-Holdings Balanced budget and emergency deficit control act; Budget enforcement act 1990
49
Established PAYGO
Budget Enforcement Act of 1990
50
What is PAYGO
Can't spend more without finding an offset; Does not apply to discretionary spending
51
What does a commitment require
An administrative official to verify PTA
52
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
53
What USC discusses severable services
10 USC 2410
54
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
55
Who can order an agency to terminate contract and they can still use expired funds
courts, GAO, Board of contract appeals
56
minor construction authority is up to of O&M
$2M, unit cost not over $250K
57
Adjustment limit during closed account phase
Same type up to LESSER of 1% of current approp, or unexpended closed approp
58
Obligations from expired approp exceed _____ notify ____
$4M agency head, $25M congress
59
Contract Authority
Form of budget authority; Authority to obligate in advance of appropriation. Have to be given this
60
Exception to voluntary services
emergencies involving safety of human life or protection of property; statutorily authorized gratuitous services (Red Cross, Museum volunteers)
61
Section 1514 of statutue 31 USC 1517
need to have a financial system that has controls that control to the apportionment level
62
Augmentation
Not allowed to add to your appropriation unless you have been given authority to do so. Its is considered an "UNAUTHORIZED transfer of funds"
63
ADA Admin and Criminal penalties only apply for
Amount, not purpose or time
64
FMR discussing ADA violations
DOD FMR 7000.14
65
Accountable individuals
Department accountable individuals (DAO), Certifying Officer (CO), Dispersing officer (DO)
66
Certifying official
1. Certifying vouchers for payment 2. LEGALITY of proposed payments 3. LIABLE for illegal or improper payments
67
Certifying Officers cannot make following excuses
mistake, lack of intent, minor violation, adverse work environment, lack of personnel. NO EXCUSES FOR THESE
68
____ 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
69
Certifying officer can get relief if
circumstances beyond their control, and discovered later. Everything done right at the time of certificaiton
70
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
71
Approx how much business does DOD do in WCF
20 percent of DOD appropriation
72
Stock Funds (supply management hold what type of assets
inventory held for resale
73
Industrial funds hold what type of assets
work in progress
74
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
75
NOR (Net operating results)
Annual results
76
AOR (Accumulated operationg results
overall goal to be net zero. This is a rolling amount over multiple years
77
WCFs required to have _____
sufficient cash balnces for their requirements throghout fiscal year
78
First requirement for any travel
Travel itinerary prepared on DD 1610 must be approved.
79
Can traveler deviate from travel itinerary
if "variations authorized" statemetn included and mission requires it
80
Can a verbal travel order be issued
Yes by AO
81
NAF employees travel on
regular government travel orders. No invitational travel orders
82
PDT travel charged to _____; what is exception
gaining activity; overseas pays both ways, RIF (reduction in force), BRAC (Base realignment and closure)
83
Feed and Forage Act
Over obligate funds for clothing, subsistence, forage, fuel, quarters, transportation, medical, hospital; NOT MILCON or MILPERS
84
Who issues treasury warrant
Secretary of Treasury

CDFM CG Maj (12 decks)

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