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CDFM QUESTIONS WITH ANSWERS.
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CDFM QUESTIONS WITH ANSWERS.
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CDFM QUESTIONS WITH ANSWERS.1.1.5: What was precursor to Constitution? When was it ratified? ANS -Articles of Confederation (1781)
1.1.5: What was required to amend the Articles of Confederation? ANS -unanimous approval of all states
1.1.5: When was Constitution Ratified? Take effect? ANS -June 1788 (March 4, 1789)
1.1.6: Why was the Separation of Power among the 3 branches of government so important? ANS -avoid
strong central gov > tyranny
1.1.6: What is the essential principle of Constitution? ANS -Gov must be confined to the rule of law
1.1.7: How is constitutional interpretation often set? ANS -precedent, custom and usage
1.1.7: What Article & section specifies that Congress makes all laws? ANS -Art I, Sec. 8
1.1.7: What Art. Set apart the Executive Judicial, Legislative) branch? ANS -(E=2, J=3, L=1).
1.1.7: Which Articles lay out the organization of the Federal Gov? ANS -I-III
1.1.8: Where are all revenue bills generated? ANS -House of Representatives
1.1.8: Pres has how many days to act on a bill? ANS -10 not including Sundays or Holidays
1.1.8: What can override the Pres rejection of a bill? ANS -2/3 approval in both chambers
1.1.8: What is a Pocket Veto? ANS -Congress is not in session and the President does not sign a properly
presented, enrolled bill within 10 days
,1.1.9: What Article/Section states Congress has power to collect taxes? ANS -Art I, Sec 8
1.1.9: What is important about Art I, Sec 9? ANS -No funding from Treasury w/o Appropriation
1.1.12: What is the difference between Joint and Concurrent Resolutions? ANS -Joint has same effect as
a Bill and must be signed by President; Concurrent "sense of Congress" only, not law)
1.1.13: Who can introduce legislative proposals to Congress? ANS -Members of Congress only
1.1.15: Conference Committee or "Third Chamber" ANS -reconciles differences between the House and
Senate version of a bill
1.1.17: The 4 phases of the Federal Budget process ANS -Formulation,
Congressional Action,
Execution,
Performance Review & Audit
1.1.17: The Federal Budget is the _____ Budget. ANS -The President's
1.1.17: Who plays a major role in developing the Budget? ANS -President,
Congress,
OMB,
Agencies,
Public
1.1.17: When must the President submit the next FY Budget? ANS -1st Monday in February
1.1.18: The formulation phase starts as early as ____months prior to the start of the FY. ANS -21
,1.1.18: What are the 6 major steps to the formulation phase? ANS -1.OMB Guidance - Circ. A11 issued;
2.Organizations develop draft;
3.Agency submits to OMB;
4.OMB Reviews;
5.Pres takes action;
6.Sent to Congress
1.1.19: What months do each step occur? ANS -OMB Guidance=Feb;
Organizations develop draft=Jul/Aug;
Agency to submite to OMB=Sep/Oct;
OMB Review=Sep-Dec;
President takes action=Nov-Jan;
Sent to Congress=1st Monday in February
1.1.21: The OMB Passback can change___? ANS -funding for programs or agencies
1.1.21: What is a Reclama? ANS -Appeal to the President of a Passback by the Head of an Agency
1.1.22: What budgets are included in the President's Budget? ANS -Legislative, Executive, Judicial
branches, and D.C.
1.1.23: Which branch's budget is the largest? ANS -Executive Branch
1.1.23: Who passes Appropriations or Budget Authority? ANS -Congress
1.1.23: Who signs Appropriations into law? ANS -The President
, 1.1.23: What provides legal authority to incur obligation and make payments from Treasury? ANS -
Appropriations
1.1.23: Who provides Budget Authority? ANS -Congress
Who provides Obligation Authority? ANS -OMB
1.1.24: What happens after Congress gets Pres Budget? ANS -Committees review for about 6 weeks;
Each House adopts concurrent resolutions (March); Conferences work out differences (April); Congress
adopts budget resolution (by April 15-May15); House passes appropriation bills by June 30 to pass to
SAC; Bills sent to Conference if they differ (August) - if no differences, or when differences are resolved,
they go to the Pres for signature (by Sept 30th); Simultaneously the HAC and SAC hold subcommittee
level hearings to review Agency justifications (February); Draft appropriation bills and reports (May);
House Full committee reviews actions of subcommittees (Jun-Aug).
1.1.26: True or False: one Congress pass a resolution that goes into the term of another Congress ANS -
True
1.1.26: When does the Budget Execution phase start? ANS -When Treasury issues Warrants
1.1.26: When does OMB/Agency negotiate apportionment? ANS -Within 10 days of Bill being signed
1.1.26: How often does an Agency monitor financial activity ANS -ongoing but especially quarterly
1.1.26: What is submitted quarterly by Agencies to OMB? ANS -SF-133 Report on Budget Execution
1.1.26: How do Agencies request Apportionment? ANS -SF-132 Request for Apportionment
1.1.26: How often does the agency submit an SF-132 Request for Apportionment? ANS -Quarterly
1.1.29: The concept of fund Allotment is to place operational and obligational authority at the ___ level
to increase the likelihood of ____. ANS -lowest practical; effective management
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