CDFM Exam 1 Study Set Test Questions
with Complete Solutions
What are the phases of the Federal Budget Process? ✔️✔️Budget formulation
Congressional Action
Budget Execution
The Federal Budget is the _____ Budget. ✔️✔️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 ✔️✔️Phase 1: Budget Formulation
When must the President submit the next FY Budget? ✔️✔️1st Monday in February
What occurs for the Agency March - May in the Budget Formulation phase? ✔️✔️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? ✔️✔️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? ✔️✔️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. ✔️✔️Fall Review
,The document containing the results of the OMB budget review that can change the funding for
individual programs. ✔️✔️Passback. Results can be appealed to the President by the Agency
Head (SecDef for DoD)
What Act changed the congressional budget process significantly? ✔️✔️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.
✔️✔️Phase 2: Congressional Action Phase
What phase of the Federal Budget Process do Agencies testify to Congress regarding their
budget requests? ✔️✔️Phase 2: Congressional Action Phase
What 3 processes occur during the Congressional Action Phase? ✔️✔️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.
✔️✔️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.
✔️✔️Concurrent Budget Resolution
Who manages the authorization process for DoD? ✔️✔️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).
✔️✔️Appropriations Bill
What are the 3 Appropriations Subcommittees who directly affect DoD funding? ✔️✔️Energy &
Water Development; Defense; Military Construction, Veteran's Affairs, & Related Agencies
Estimates transmitted to Congress that amend (revise) budget estimates transmitted previously
and on which Congress has not completed action. ✔️✔️Budget Amendments
Requests transmitted to Congress to provide funds in addition to amounts already appropriated
for the ongoing FY. ✔️✔️Supplemental Requests
Temporary appropriations act that provides budget authority for specific ongoing activities for a
specific period of time. Availability can be extended by Congress, and can extend into a
different session of Congress. ✔️✔️Continuing Resolution
Who prepares the Concurrent Budget Resolution? ✔️✔️House and Senate Budget committees
Who conducts hearings and draft and submit the National Defense Authorization Bills that
authorize programs to exist? ✔️✔️House and Senate Armed Services Committee (HASC/SASC)
Who conducts hearings and draft and submit the Appropriations Bills that provide budget
authority for the Government? ✔️✔️House and Senate Appropriations Committee (HAC/SAC)
Funds may be obligated and expended only for the purposes authorized in the appropriations
acts or other laws. ✔️✔️Purpose
, Period that budgetary resources may incur new obligations (i.e. order new goods/services) is
different from the period during which the budgetary resources may be used to incur
expenditures (i.e. pay bills). ✔️✔️Time
Obligations and expenditures may not exceed the amounts established in law. ✔️✔️Amount
What phase of the Federal Budget Process begins with the President's signature on the
appropriations bills? ✔️✔️Phase 3: Budget Execution
What is the first legal action taken after the President signs the Appropriations bill into law?
✔️✔️The Appropriation Warrant is issued by the Treasury.
Distribution of an amount available for obligation and/or commitment in an appropriation or
fund account into amounts available for specified time periods, activities, projects, or
combinations as approved by OMB and the agency. ✔️✔️Apportionment
When does OMB/OSD negotiate apportionment? ✔️✔️Within 10 days of the President signing
the Appropriations bill into law. OMB has 30 days to effect apportionment.
Form used by OSD and other agencies to request apportionment quarterly ✔️✔️SF-132
Apportionment and Reapportionment
Financial control document issued by the Treasury to establish amount of monies authorized to
be withdrawn; basis for recording appropriations on the Treasury & DoD books.
✔️✔️Appropriation Warrant.
Temporary Warrants are issued under a Continuing Resolution
How often does Agency monitor financial activity ✔️✔️Minimum of quarterly
with Complete Solutions
What are the phases of the Federal Budget Process? ✔️✔️Budget formulation
Congressional Action
Budget Execution
The Federal Budget is the _____ Budget. ✔️✔️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 ✔️✔️Phase 1: Budget Formulation
When must the President submit the next FY Budget? ✔️✔️1st Monday in February
What occurs for the Agency March - May in the Budget Formulation phase? ✔️✔️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? ✔️✔️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? ✔️✔️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. ✔️✔️Fall Review
,The document containing the results of the OMB budget review that can change the funding for
individual programs. ✔️✔️Passback. Results can be appealed to the President by the Agency
Head (SecDef for DoD)
What Act changed the congressional budget process significantly? ✔️✔️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.
✔️✔️Phase 2: Congressional Action Phase
What phase of the Federal Budget Process do Agencies testify to Congress regarding their
budget requests? ✔️✔️Phase 2: Congressional Action Phase
What 3 processes occur during the Congressional Action Phase? ✔️✔️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.
✔️✔️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.
✔️✔️Concurrent Budget Resolution
Who manages the authorization process for DoD? ✔️✔️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).
✔️✔️Appropriations Bill
What are the 3 Appropriations Subcommittees who directly affect DoD funding? ✔️✔️Energy &
Water Development; Defense; Military Construction, Veteran's Affairs, & Related Agencies
Estimates transmitted to Congress that amend (revise) budget estimates transmitted previously
and on which Congress has not completed action. ✔️✔️Budget Amendments
Requests transmitted to Congress to provide funds in addition to amounts already appropriated
for the ongoing FY. ✔️✔️Supplemental Requests
Temporary appropriations act that provides budget authority for specific ongoing activities for a
specific period of time. Availability can be extended by Congress, and can extend into a
different session of Congress. ✔️✔️Continuing Resolution
Who prepares the Concurrent Budget Resolution? ✔️✔️House and Senate Budget committees
Who conducts hearings and draft and submit the National Defense Authorization Bills that
authorize programs to exist? ✔️✔️House and Senate Armed Services Committee (HASC/SASC)
Who conducts hearings and draft and submit the Appropriations Bills that provide budget
authority for the Government? ✔️✔️House and Senate Appropriations Committee (HAC/SAC)
Funds may be obligated and expended only for the purposes authorized in the appropriations
acts or other laws. ✔️✔️Purpose
, Period that budgetary resources may incur new obligations (i.e. order new goods/services) is
different from the period during which the budgetary resources may be used to incur
expenditures (i.e. pay bills). ✔️✔️Time
Obligations and expenditures may not exceed the amounts established in law. ✔️✔️Amount
What phase of the Federal Budget Process begins with the President's signature on the
appropriations bills? ✔️✔️Phase 3: Budget Execution
What is the first legal action taken after the President signs the Appropriations bill into law?
✔️✔️The Appropriation Warrant is issued by the Treasury.
Distribution of an amount available for obligation and/or commitment in an appropriation or
fund account into amounts available for specified time periods, activities, projects, or
combinations as approved by OMB and the agency. ✔️✔️Apportionment
When does OMB/OSD negotiate apportionment? ✔️✔️Within 10 days of the President signing
the Appropriations bill into law. OMB has 30 days to effect apportionment.
Form used by OSD and other agencies to request apportionment quarterly ✔️✔️SF-132
Apportionment and Reapportionment
Financial control document issued by the Treasury to establish amount of monies authorized to
be withdrawn; basis for recording appropriations on the Treasury & DoD books.
✔️✔️Appropriation Warrant.
Temporary Warrants are issued under a Continuing Resolution
How often does Agency monitor financial activity ✔️✔️Minimum of quarterly
