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CLG 001_ Fiscal Law Exam version 2| Questions and Answers Graded A+| Latest 2022/2023 $14.98   Add to cart

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CLG 001_ Fiscal Law Exam version 2| Questions and Answers Graded A+| Latest 2022/2023

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CLG 001_ Fiscal Law Exam version 2_ updated and answered. QUESTION 2 1. It is July 2010. The contracting officer at Fort Mason is about to award a contract for a computer system that the Post Engineer will use to track work orders and inventory. This $15,000 computer system is readily available ...

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  • July 30, 2023
  • 13
  • 2022/2023
  • Exam (elaborations)
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CLG 001_ Fiscal Law Exam version 2/ with
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, Q U E ST I O N 1

1. Which of the following is a correct statement of Fiscal Law Philosophy:

If the law is silent as to whether a purchase can be made, it is
probably safe to spend appropriated funds.
Expenditure of appropriated funds is proper only when authorized
by Congress.
If the commander says buy it, don’t worry about Fiscal Law
Regulations.
Absent a specific prohibition, expending appropriated funds is
permitted.
20 points
Q U E ST I O N 2

1. It is July 2010. The contracting officer at Fort Mason is about to award a
contract for a computer system that the Post Engineer will use to track
work orders and inventory. This $15,000 computer system is readily
available within a few days from any of several local vendors. The Post
Engineer intends to place the system in a warehouse for which
construction will begin in December 2010. The contract cites FY 2010,
Operations and Maintenance, Army (OMA) funds. What should you
advise the contracting officer?

The contracting officer may award the contract citing FY 2010 OMA
funds. Obligating funds in July 2010 will not violate the
Antideficiency Act. The Post Engineer, however, may not pay for
the system until the warehouse is completed.
Because the Post Engineer will use the system to perform
installation operations, and because the "lead time" exception
clearly permits use of FY 2010 funds for the system, the contract
award is proper.
The contracting officer should not award this contract. To do so
would violate the bona fide needs rule.
Award now is proper if the installation later obtains Procurement
funds to replace the funds obligated for the computer system.
None of the above.
20 points
Q U E ST I O N 3

1. If a particular expenditure is not provided for by Congress, in order to
meet the requirements of the Purpose Statute, 31 U.S.C. § 1301, the
expenditure must be necessary and incident to the proper execution of
the general purpose of the appropriation. The GAO has created a three-
part test to determine whether an expenditure is a “necessary

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