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2024/25 APCC EXAM 1 QUESTIONS WITH COMPLETE SOLUTIONS GRADED A+
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APCC EXAM 1 QUESTIONS WITH COMPLETE SOLUTIONS GRADED A+
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APCC EXAM 1 QUESTIONS WITH COMPLETESOLUTIONS GRADED A+
realigning funds between activities that are below the level of control for that
appropriation category does not require a reprogramming action, and that this
type of funds transfer can be approved by Answer - the Program Manager.
most reprogramming actions are approved at the Service or agency level using
Answer - below threshold reprogramming
four reasons that requires prior approval from Congress for reprogramming
authority Answer - Moving funds between appropriations
Increasing quantities of major systems
New starts
Designated special interest items
Congress recognizes the need for some flexibility in budget execution, and
provides DOD with a method ________ to make limited changes in its
appropriated funding. Answer - reprogramming
major legal provisions that concern funds execution Answer - Anti-deficiency
Act, Misappropriation Act, Bona Fide Need Rule
Anti-deficiency Act Answer - obligation in excess of the appropriated amount
obligation in excess of the appropriated amount
,Misappropriation Act Answer - Not used for the programs and purpose for
which the appropriation is made
Bona Fide Need Rule Answer - Goods and Services used only during current
fiscal year
How to pay for remaining outlay requirements after funds have been canceled?
Answer - Must be paid for using current year funds
Cancelled Funds Answer - After 5 years "expired" period has passed
Expired Funds Answer - May be used for expenditures or adjustments on
existing obligations.
How long do funds remain in expired account? Answer - 5 years
Budget Authority Answer - Spending Limit
Commitment Answer - Administrative reservation of funds
Obligation Answer - Legal Reservation of Funds
Expenditure Answer - issuance of a Government check. (write a check)
Outlay Answer - clears the treasury department (bank pays check from
account)
, Continuing Resolution Answer - Provides "stopgap" funding to keep affected
agencies operating for a specified period of time (spelled out in the resolution),
Normally does not specify dollar amounts of budget authority, Permits
activities to operate at "the current rate of operations",
Role of House & Senate Budget Committees Answer - budget resolution
Role of House & Senate Armed Services Committees Answer - authorization
Role of House & Senate Appropriations Committees Answer - appropriation
three basic activities that must be completed after the President's Budget is
submitted to Congress Answer - Budget Resolution, Authorization Bill,
Appropriation Bill
Program Objective Memorandum (POM) Answer - documents service fiscal
requirements-prioritize programs/budget, budget year +next 4 years
BES Budget Estimate Submission Answer - same as POM but only concentrates
on the budget year
four phases of the PPBE process and docs produced Answer - Planning-DPG
defense planning guidance
four phases of the PPBE process and docs produced Answer - Planning,
Programming, Budgeting, Execution
four phases of the PPBE process and docs produced Answer - Budgeting-BES
budget estimate submission
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