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CDFM Exam 1 Study Set questions with answers.
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CDFM Exam 1 Study Set questions withanswers.
Competency 1: Gov't Resource Management Environment ANS - ...
OMB Circular A-11 ANS - Preparation & Submission of Budget Estimates
OMB Circular A-76 ANS - Performance of Commercial Activities
OMB Circular A-123 ANS - Management's Responsibility for Internal Control
OMB Circular A-136 ANS - Financial Reporting Requirements
What was precursor to Constitution? ANS - Articles Of Confederation (1781)
What was required to amend the Art. Of Confed? ANS - Unanimous approval from all states
When was Constitution Ratified? ANS - June 1788
What is the principle behind the separation of power between the 3 branches? ANS - Devised to allay
the fear that a centralized government would lead to tyranny
What is the essential principle of the Constitution? ANS - That the government must be confined to the
rule of law
What does the Constitution define as the fundamental law of the US Federal Government? ANS - Set
forth the 3 principal branches of the Federal Government; outline their jurisdictions; propound the basic
rights of US citizens
What Article lays out the rules for the Legislative Branch? ANS - Article I
,What section of Article 1 allows Congress to levy taxes and establish District Courts? ANS - Section 8
What Article lays out the rules for the Executive Branch? ANS - Article 2
What Article lays out the rules for the Judicial Branch? ANS - Article 3
Where are all revenue bills generated? ANS - House of Representatives
The President has how many days to act on a bill? ANS - 10, excluding Sundays or Holidays
What can override a Presidential veto of a bill? ANS - 2/3 approval in both chambers
Congress is adjourned and the President fails to sign a bill during the 10-day period, that bill does not
become law. ANS - Pocket Veto
What is important about Art I, Sec 9? ANS - No money is to be issued from Treasury without an
Appropriation law
A legislative proposal of a general nature, only allowed to be introduced by a member of Congress, and
must be reviewed by the President for approval into law or rejected with a veto. ANS - Bill
Legislative proposal similar to a bill, frequently used to amend the Constitution , and can originate in
either the House or Senate, and must be reviewed by the President the same as a bill. ANS - Joint
Resolution
Proposal to address matters that affect the operation of both the House and Senate, does not go to the
President for action. ANS - Concurrent Resolution
Proposal to address matters that affect the operation of either the House or the Senate, does not go to
the President for action. ANS - Simple Resolution
,The bill that has passed one body, House or Senate, is called what? ANS - Engrossed bill
Committee appointed to resolve differences between bills approved in both the House and Senate.
Referred to as "the third chamber" of Congress. ANS - Conference committee
A bill that has passed the House and Senate in identical form to be sent to the President for action is
called what? ANS - Enrolled bill
What are the phases of the Federal Budget Process? ANS - Budget formulation
Congressional Action
Budget Execution
The Federal Budget is the _____ Budget. ANS - The President's
Phase governed by OMB A-11. Organizations start drafts as early as 21 months prior to the FY in which it
will be executed ANS - Phase 1: Budget Formulation
When must the President submit the next FY Budget? ANS - 1st Monday in February
What occurs for the Agency March - May in the Budget Formulation phase? ANS - Internal budget
process, program, budget and management issues are identified, issues internal instructions on
preparation of annual budget estimates.
What occurs for the OMB May - June in the Budget Formulation phase? ANS - Discusses program,
budget, and management issues with agencies throughout the process. Issues technical instructions for
preparation of annual budget estimates.
What occurs for the President and Advisors January - February in the Budget Formulation Phase? ANS -
Transmits budget to Congress between the first Monday in January and first Monday in February.
, The internal review of the budget submissions from the Services and Defense Agencies that occurs with
the OSD and senior OMB examiners Sept - Dec. ANS - Fall Review
The document containing the results of the OMB budget review that can change the funding for
individual programs. ANS - Passback. Results can be appealed to the President by the Agency Head
(SecDef for DoD)
What Act changed the congressional budget process significantly? ANS - Congressional Budget and
Impoundment Control Act of 1974
Phase of the Federal Budget Process that begins with the Director, OMB, and the Sec of the Treasury
appearing before Congress budget committees to explain the basis for the proposals. ANS - Phase 2:
Congressional Action Phase
What phase of the Federal Budget Process do Agencies testify to Congress regarding their budget
requests? ANS - Phase 2: Congressional Action Phase
What 3 processes occur during the Congressional Action Phase? ANS - Budget Resolution
Authorization
Appropriation
Process of estimating the budgetary effects of pending legislation and comparing to a baseline. Done by
the Congressional Budget Office in support of the various committees. ANS - Scorekeeping
Sets the maximums for new budget authority, sets outlay targets for the budget as a whole. Establishes
targets for the Gross National Debt, revenues, and surplus or deficit. Used to develop joint explanatory
statement including estimated allocation of budget total. ANS - Concurrent Budget Resolution
Who manages the authorization process for DoD? ANS - House Armed Services Committee (HASC) and
the Senate Armed Services Committee (SASC)
Prepared for adoption each year to provide budget authority to operate the entire Government.
Managed by House and Senate Appropriations Commitee (HAC/SAC). ANS - Appropriations Bill
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