Fiscal Law 2023 Test Questions and Correct Answers

Fiscal Law 2023 Test Questions and Correct Answers What are the three main types of appropriation and their availability for obligation? - ANSWER 3400 - O&M (1-year appropriation) 3600 - RDT&E (2-year appropriation) 3080 - Procurement (3-year appropriation) Within procurement there are different types of appropriation for aircraft, naval ships, etc. What is 3400 money used for? - ANSWER Operations and Maintenance including Day to Day expenses such as training, exercises, deployments, civilian salaries, and operating and maintaining installations, Minor construction $750K. What is 3600 money used for? - ANSWER RDT&E including scientific research, development, test and evaluation- can incrementally fund. What is 3080 money used for? - ANSWER Procurement including production and modification of aircraft, missiles, weapons, vehicles, ammunition, and IT. Other procurement is a catch all appropriation for investment items that are not purchases with the more specific procurement appropriations (.i.e communications, spares, support equipment) What are the other types of appropriations and their respective timelines for obligation? - ANSWER 3300 - MILCON (5-year appropriation) - construction $750K 3500 - Civilian payroll (1-year appropriation) (3-year appropriations): 3010 - Aircraft 3011 - Ammo 3020 - Missiles 3021 - Space